47,194 Shares in Oaktree Specialty Lending Corp. $OCSL Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP has purchased 47,194 shares of Oaktree Specialty Lending Corp. ($OCSL), valued at approximately $725,000, increasing its stake to about 0.05% as reported in their latest SEC filing.
• Oaktree Specialty Lending recently reported earnings per share (EPS) of $0.37, missing analysts' expectations of $0.45, alongside a revenue of $75.27 million.
• The company declared a quarterly dividend of $0.40 per share, with an annual yield of 11.6%, set for distribution on September 30th to shareholders of record.

Caxton Associates LLP acquired a new position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 47,194 shares of the credit services provider's stock, valued at approximately $725,000. Caxton Associates LLP owned approximately 0.05% of Oaktree Specialty Lending as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. National Bank of Canada FI increased its stake in Oaktree Specialty Lending by 259.0% during the 1st quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 1,220 shares in the last quarter. SVB Wealth LLC acquired a new position in Oaktree Specialty Lending during the 1st quarter valued at approximately $26,000. PNC Financial Services Group Inc. purchased a new stake in shares of Oaktree Specialty Lending in the 1st quarter valued at $47,000. US Bancorp DE boosted its holdings in shares of Oaktree Specialty Lending by 388.9% in the 1st quarter. US Bancorp DE now owns 3,256 shares of the credit services provider's stock valued at $50,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Canton Hathaway LLC boosted its holdings in shares of Oaktree Specialty Lending by 152.6% in the 1st quarter. Canton Hathaway LLC now owns 7,350 shares of the credit services provider's stock valued at $113,000 after acquiring an additional 4,440 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock traded down $0.04 during trading hours on Tuesday, hitting $13.20. The company's stock had a trading volume of 274,017 shares, compared to its average volume of 694,095. The company has a 50 day moving average of $13.90 and a 200 day moving average of $14.25. The stock has a market cap of $1.16 billion, a PE ratio of 23.57 and a beta of 0.67. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Corp. has a 12-month low of $12.50 and a 12-month high of $16.66.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The firm had revenue of $75.27 million for the quarter, compared to analysts' expectations of $79.14 million. During the same period last year, the company posted $0.55 earnings per share. On average, sell-side analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend is Monday, September 15th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 285.71%.

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.