Generali Investments CEE investicni spolecnost a.s. Purchases New Shares in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,914 shares of the credit services provider's stock, valued at approximately $321,000.

Several other large investors have also bought and sold shares of OCSL. Raymond James Financial Inc. acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $701,000. Naviter Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $2,349,000. Jackson Hole Capital Partners LLC boosted its stake 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 purchasing an additional 1,830 shares during the last quarter. Vista Investment Partners II LLC acquired a new position in Oaktree Specialty Lending during the 4th quarter valued at about $1,051,000. Finally, Wealthfront Advisers LLC acquired a new position in Oaktree Specialty Lending during the 4th quarter valued at about $232,000. 36.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company cut 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. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note 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 note on Thursday, April 24th. Finally, B. Riley initiated 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 for the company. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $15.83.

Insider Activity at Oaktree Specialty Lending

In related news, insider Armen Panossian acquired 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was bought at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the purchase, the insider owned 20,789 shares in the company, valued at $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 accessible through this link. Also, Director Craig A. Jacobson purchased 14,910 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the acquisition, the director owned 71,667 shares in the company, valued at $961,054.47. This represents a 26.27% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

Oaktree Specialty Lending Stock Performance

OCSL stock traded up $0.06 on Wednesday, hitting $14.17. The company had a trading volume of 322,256 shares, compared to its average volume of 765,140. Oaktree Specialty Lending Corp. has a 12-month low of $12.50 and a 12-month high of $18.72. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. The stock's 50-day simple moving average is $14.02 and its 200 day simple moving average is $14.83. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 109.00 and a beta of 0.68.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued 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 return on equity of 11.77% and a net margin of 2.55%. The company had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. During the same quarter in the prior year, the business posted $0.56 EPS. As a group, equities research analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 11.29%. Oaktree Specialty Lending's payout ratio is presently 1,230.77%.

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.