Sovran Advisors LLC Has $439,000 Stock Holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Sovran Advisors LLC lessened its position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 83.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,608 shares of the credit services provider's stock after selling 155,555 shares during the period. Sovran Advisors LLC's holdings in Oaktree Specialty Lending were worth $439,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Balyasny Asset Management L.P. acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $18,109,000. Invesco Ltd. grew its position in Oaktree Specialty Lending by 1,300.1% in the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after buying an additional 813,352 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth $9,959,000. Generali Asset Management SPA SGR acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $8,225,000. Finally, Millennium Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $5,882,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Insiders Place Their Bets

In other Oaktree Specialty Lending news, insider Armen Panossian acquired 8,000 shares of the company'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 completion of the purchase, the insider owned 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 purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Craig A. Jacobson acquired 14,910 shares of the stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the purchase, the director owned 71,667 shares of the company's stock, valued at $961,054.47. The trade was a 26.27% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is owned by insiders.

Oaktree Specialty Lending Stock Up 1.1%

Shares of OCSL traded up $0.16 during mid-day trading on Friday, hitting $14.08. 320,021 shares of the company's stock were exchanged, compared to its average volume of 765,993. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 108.31 and a beta of 0.68. Oaktree Specialty Lending Corp. has a twelve month low of $12.50 and a twelve month high of $18.78. The firm has a fifty day moving average of $14.05 and a two-hundred day moving average of $14.85. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.55% and a return on equity of 11.77%. The company had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. During the same period in the previous year, the business posted $0.56 earnings per share. On average, sell-side analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 11.36%. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

Wall Street Analysts Forecast Growth

OCSL has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price 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 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 price objective on the stock. 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 on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. Finally, Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.83.

About Oaktree Specialty Lending

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.