Vista Investment Partners II LLC Sells 40,503 Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Vista Investment Partners II LLC lowered its position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 58.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,291 shares of the credit services provider's stock after selling 40,503 shares during the quarter. Vista Investment Partners II LLC's holdings in Oaktree Specialty Lending were worth $435,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Canton Hathaway LLC grew its position in Oaktree Specialty Lending by 152.6% during the first quarter. Canton Hathaway LLC now owns 7,350 shares of the credit services provider's stock valued at $113,000 after purchasing an additional 4,440 shares in the last quarter. Oxford Asset Management LLP purchased a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $178,000. Stonegate Investment Group LLC grew its position in Oaktree Specialty Lending by 22.2% during the first quarter. Stonegate Investment Group LLC now owns 14,013 shares of the credit services provider's stock valued at $215,000 after purchasing an additional 2,542 shares in the last quarter. ProShare Advisors LLC grew its position in Oaktree Specialty Lending by 16.6% during the fourth quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock valued at $228,000 after purchasing an additional 2,124 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $232,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on OCSL shares. JPMorgan Chase & Co. lowered their price objective 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. 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 for the company in a research report on Monday, April 28th. B. Riley initiated coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 target price for the company. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Finally, 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 research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $15.83.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL remained flat at $13.56 during trading hours on Friday. 723,338 shares of the company traded hands, compared to its average volume of 762,474. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.63. The business's 50 day moving average is $14.10 and its 200 day moving average is $14.92. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 104.31 and a beta of 0.70. Oaktree Specialty Lending Corp. has a fifty-two week low of $12.50 and a fifty-two week high of $19.05.

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

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.80%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's payout ratio is currently 1,230.77%.

Insider Activity at Oaktree Specialty Lending

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

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.