42,493 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Acquired by Castlekeep Investment Advisors LLC

Castlekeep Investment Advisors LLC acquired a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 42,493 shares of the credit services provider's stock, valued at approximately $649,000. Castlekeep Investment Advisors LLC owned approximately 0.05% of Oaktree Specialty Lending at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OCSL. Canton Hathaway LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $44,000. Spire Wealth Management bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $93,000. SG Americas Securities LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $106,000. Finally, EMC Capital Management grew its position in shares of Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after buying an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL traded down $0.08 on Friday, hitting $14.57. The stock had a trading volume of 126,144 shares, compared to its average volume of 753,310. Oaktree Specialty Lending Co. has a one year low of $12.50 and a one year high of $19.80. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 21.73 and a beta of 0.74. The company's 50-day moving average is $14.25 and its two-hundred day moving average is $15.22.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by ($0.06). The company had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. During the same quarter last year, the business earned $0.56 earnings per share. On average, analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 10.98%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on OCSL shares. Keefe, Bruyette & Woods lowered their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. lowered their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. B. Riley started coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 target price for the company. Finally, Wells Fargo & Company decreased their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and an average target price of $15.83.

Insider Activity

In related news, insider Armen Panossian acquired 8,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was acquired at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the completion of the acquisition, the insider now directly owns 20,789 shares of the company's stock, valued at approximately $293,748.57. The trade was a 62.55% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Craig A. Jacobson acquired 14,910 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, with a total value of $199,943.10. Following the completion of the acquisition, the director now directly owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This represents a 26.27% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company's stock.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.