Jane Street Group LLC Buys 78,453 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Jane Street Group LLC increased its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 555.4% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 92,579 shares of the credit services provider's stock after purchasing an additional 78,453 shares during the period. Jane Street Group LLC owned 0.11% of Oaktree Specialty Lending worth $1,415,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Mandatum Life Insurance Co Ltd boosted its holdings in Oaktree Specialty Lending by 2.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after purchasing an additional 830 shares during the period. Rezny Wealth Management Inc. increased its position in shares of Oaktree Specialty Lending by 6.4% in the fourth quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider's stock worth $4,187,000 after purchasing an additional 16,544 shares during the last quarter. Kelleher Financial Advisors bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at approximately $164,000. SG Americas Securities LLC purchased a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $106,000. Finally, Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $93,000. Institutional investors own 36.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on OCSL. 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 for the company in a report on Tuesday, April 8th. B. Riley began coverage on Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price target for the company. 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 report on Thursday, April 24th. Wells Fargo & Company reduced their price objective on 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. Finally, Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, Oaktree Specialty Lending has an average rating of "Hold" and an average price target of $15.83.

Insider Transactions at Oaktree Specialty Lending

In other news, Director Craig A. Jacobson purchased 14,910 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was acquired at an average price of $13.41 per share, with a total value of $199,943.10. Following the transaction, the director now directly owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This represents a 26.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Armen Panossian acquired 8,000 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was purchased at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider now directly owns 20,789 shares of the company's stock, valued at approximately $293,748.57. This trade represents a 62.55% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company's stock.

Oaktree Specialty Lending Trading Up 0.5%

NASDAQ OCSL traded up $0.07 during trading on Friday, hitting $14.10. 312,354 shares of the company's stock traded hands, compared to its average volume of 756,915. The stock has a fifty day moving average of $14.35 and a two-hundred day moving average of $15.25. Oaktree Specialty Lending Co. has a 12-month low of $12.50 and a 12-month high of $19.80. The firm has a market cap of $1.24 billion, a P/E ratio of 21.05 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30.

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 for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million for the quarter, compared to analysts' expectations of $84.67 million. During the same quarter in the prior year, the company earned $0.56 earnings per share. As a group, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

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.