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

Vista Investment Partners II LLC trimmed its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 58.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OCSL. Bruni J V & Co. Co. boosted its holdings in shares of Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after buying an additional 398,241 shares during the period. Claret Asset Management Corp lifted its position in Oaktree Specialty Lending by 0.9% during the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock worth $22,846,000 after acquiring an additional 13,949 shares during the last quarter. Balyasny Asset Management L.P. bought a new stake in Oaktree Specialty Lending during the fourth quarter valued at about $18,109,000. Invesco Ltd. grew its position in shares of 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 valued at $13,384,000 after purchasing an additional 813,352 shares during the last quarter. Finally, Melia Wealth LLC increased its stake in shares of Oaktree Specialty Lending by 5.2% in the fourth quarter. Melia Wealth LLC now owns 801,216 shares of the credit services provider's stock worth $12,243,000 after purchasing an additional 39,414 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock traded up $0.09 during mid-day trading on Tuesday, reaching $13.75. The company's stock had a trading volume of 1,060,830 shares, compared to its average volume of 744,910. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.23. The firm's 50-day moving average is $14.09 and its two-hundred day moving average is $14.88. Oaktree Specialty Lending Corp. has a 1-year low of $12.50 and a 1-year high of $18.86. The company has a market cap of $1.21 billion, a P/E ratio of 105.77 and a beta of 0.71.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The business 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 quarter in the prior year, the business earned $0.56 EPS. On average, research analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.64%. The ex-dividend date of this dividend was Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is 1,230.77%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. 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 target price for the company. Wells Fargo & Company reduced their price objective on 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. 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 note on Thursday, April 24th. Keefe, Bruyette & Woods cut 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 note on Tuesday, April 8th. Finally, Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.83.

Insiders Place Their Bets

In other news, Director Craig A. Jacobson bought 14,910 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was acquired at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the transaction, the director directly owned 71,667 shares of the company's stock, valued at $961,054.47. This trade represents a 26.27% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Armen Panossian purchased 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were purchased at an average cost of $14.13 per share, with a total value of $113,040.00. Following the completion of the acquisition, the insider directly owned 20,789 shares in the company, valued at $293,748.57. The trade was a 62.55% 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.

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.