Millennium Management LLC Acquires Shares of 384,944 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

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

A number of other institutional investors have also modified their holdings of the business. Canton Hathaway LLC acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at $44,000. Spire Wealth Management acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending in the 4th quarter valued at $106,000. Finally, EMC Capital Management increased its stake in Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after buying an additional 3,026 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on OCSL shares. Keefe, Bruyette & Woods dropped their price objective on shares of 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. B. Riley began 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. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. Finally, Wells Fargo & Company decreased their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $15.83.

Insider Buying and Selling at Oaktree Specialty Lending

In related news, insider Armen Panossian acquired 8,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $14.13 per share, for a total transaction of $113,040.00. Following the acquisition, the insider now directly owns 20,789 shares in the company, valued at approximately $293,748.57. The trade was a 62.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Craig A. Jacobson acquired 14,910 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were bought at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the completion of 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 disclosure for this purchase can be found here. 0.28% of the stock is owned by insiders.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock traded down $0.05 on Friday, hitting $14.60. The company's stock had a trading volume of 394,761 shares, compared to its average volume of 754,095. Oaktree Specialty Lending Co. has a 52-week low of $12.50 and a 52-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 fifty day moving average price of $14.23 and a 200-day moving average price of $15.20. The company has a market capitalization of $1.29 billion, a P/E ratio of 21.79 and a beta of 0.74.

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

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 10.96%. Oaktree Specialty Lending's dividend payout ratio (DPR) is 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.