Caxton Associates LLP Purchases New Stake in Oaktree Specialty Lending Corp. $OCSL

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 stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 47,194 shares of the credit services provider's stock, valued at approximately $725,000. Caxton Associates LLP owned about 0.05% of Oaktree Specialty Lending at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of OCSL. National Bank of Canada FI raised its stake in shares of 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 worth $26,000 after buying an additional 1,220 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Oaktree Specialty Lending during the 1st quarter valued at about $26,000. PNC Financial Services Group Inc. acquired a new stake in shares of Oaktree Specialty Lending during the first quarter valued at about $47,000. US Bancorp DE increased its stake in shares of Oaktree Specialty Lending by 388.9% in the first quarter. US Bancorp DE now owns 3,256 shares of the credit services provider's stock worth $50,000 after buying an additional 2,590 shares during the last quarter. Finally, Canton Hathaway LLC increased 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. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL traded down $0.06 during midday trading on Friday, hitting $13.79. 914,036 shares of the stock traded hands, compared to its average volume of 420,871. The firm has a market capitalization of $1.21 billion, a PE ratio of 24.63 and a beta of 0.67. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21. Oaktree Specialty Lending Corp. has a 1-year low of $12.50 and a 1-year high of $16.66. The business's 50 day moving average price is $13.91 and its two-hundred day moving average price is $14.30.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same quarter in the previous year, the firm posted $0.55 EPS. Equities research analysts predict 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. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a yield of 11.6%. Oaktree Specialty Lending's dividend payout ratio is currently 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.