Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 20,914 Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Generali Investments CEE investicni spolecnost a.s. acquired a new position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,914 shares of the credit services provider's stock, valued at approximately $321,000.

Other institutional investors also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in Oaktree Specialty Lending by 3.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 29,419 shares of the credit services provider's stock valued at $452,000 after purchasing an additional 848 shares during the last quarter. Jackson Hole Capital Partners LLC raised its holdings in Oaktree Specialty Lending by 10.9% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock valued at $285,000 after buying an additional 1,830 shares during the last quarter. Guggenheim Capital LLC boosted its position in Oaktree Specialty Lending by 7.9% during the 4th quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock valued at $416,000 after buying an additional 1,983 shares during the period. Sonora Investment Management Group LLC grew its holdings in Oaktree Specialty Lending by 14.6% in the 1st quarter. Sonora Investment Management Group LLC now owns 15,700 shares of the credit services provider's stock worth $241,000 after acquiring an additional 2,000 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Oaktree Specialty Lending by 16.6% in the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock worth $228,000 after acquiring an additional 2,124 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Down 1.6%

Shares of OCSL stock traded down $0.22 during mid-day trading on Monday, hitting $13.85. The company's stock had a trading volume of 799,358 shares, compared to its average volume of 766,477. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 106.54 and a beta of 0.68. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.23. Oaktree Specialty Lending Corp. has a 52-week low of $12.50 and a 52-week high of $18.74. The business has a 50-day moving average price of $14.05 and a 200 day moving average price of $14.85.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its earnings results 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). Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. The company had revenue of $70.52 million for the quarter, compared to the consensus estimate of $84.67 million. During the same quarter in the prior year, the company posted $0.56 EPS. Research analysts predict that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.40 per share. The ex-dividend date was Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 11.55%. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

Insider Buying and Selling at Oaktree Specialty Lending

In related news, Director Craig A. Jacobson purchased 14,910 shares of Oaktree Specialty Lending stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the transaction, the director directly owned 71,667 shares in the company, valued at $961,054.47. This represents a 26.27% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Armen Panossian purchased 8,000 shares of the stock in a transaction on Thursday, May 15th. The shares were purchased at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the acquisition, the insider directly owned 20,789 shares of the company's stock, valued at approximately $293,748.57. This represents a 62.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on 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 began coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective on the stock. Keefe, Bruyette & Woods cut their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their price target on 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 equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending currently has an average rating of "Hold" and an average target price of $15.83.

Oaktree Specialty Lending 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.