384,944 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Purchased by Millennium Management LLC

Millennium Management LLC bought a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 384,944 shares of the credit services provider's stock, valued at approximately $5,882,000. Millennium Management LLC owned approximately 0.47% of Oaktree Specialty Lending at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $2,611,000. Brevan Howard Capital Management LP purchased a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $483,000. Castlekeep Investment Advisors LLC purchased a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $9,959,000. CF Capital LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth $4,691,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at $18,109,000. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock traded down $0.05 during trading on Friday, hitting $14.60. 394,761 shares of the company were exchanged, compared to its average volume of 754,349. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week 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 firm has a 50 day moving average price of $14.25 and a 200 day moving average price of $15.22. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 21.79 and a beta of 0.74.

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

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.96%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is 1,230.77%.

Insider Transactions at Oaktree Specialty Lending

In other news, 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, with a total value of $199,943.10. Following the acquisition, the director now owns 71,667 shares in the company, valued at approximately $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Armen Panossian purchased 8,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average cost of $14.13 per share, with a total value of $113,040.00. Following the acquisition, the insider now directly owns 20,789 shares of the company's stock, valued at $293,748.57. The trade was a 62.55% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods reduced 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 decreased their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price objective 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. Finally, B. Riley assumed coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.83.

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.