Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Shares Bought by Melia Wealth LLC

Key Points

• Melia Wealth LLC increased its stake in Oaktree Specialty Lending Corp. by 9.8%, owning a total of 879,520 shares valued at approximately $13.5 million.
• Oaktree Specialty Lending reported an earnings per share (EPS) of $0.45 for the latest quarter, missing estimates by $0.06, while revenue was $70.52 million, below the forecast of $84.67 million.
• A recent dividend of $0.40 per share was paid to shareholders, marking an annualized yield of 11.07% despite a high payout ratio of 1,230.77%.

Melia Wealth LLC grew its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 879,520 shares of the credit services provider's stock after acquiring an additional 78,304 shares during the quarter. Oaktree Specialty Lending comprises approximately 7.0% of Melia Wealth LLC's investment portfolio, making the stock its 8th largest holding. Melia Wealth LLC owned about 1.07% of Oaktree Specialty Lending worth $13,509,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $701,000. JPMorgan Chase & Co. increased its holdings in Oaktree Specialty Lending by 101.9% in the 4th quarter. JPMorgan Chase & Co. now owns 163,387 shares of the credit services provider's stock worth $2,497,000 after buying an additional 82,464 shares during the period. DnB Asset Management AS increased its holdings in Oaktree Specialty Lending by 29.4% in the 4th quarter. DnB Asset Management AS now owns 151,485 shares of the credit services provider's stock worth $2,315,000 after buying an additional 34,378 shares during the period. Trexquant Investment LP acquired a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $296,000. Finally, Envestnet Asset Management Inc. acquired a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $1,780,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Trading Up 0.0%

Shares of NASDAQ OCSL traded up $0.01 during trading on Thursday, hitting $13.92. 331,468 shares of the company were exchanged, compared to its average volume of 719,803. Oaktree Specialty Lending Corp. has a 12-month low of $12.50 and a 12-month high of $18.27. 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 company has a fifty day moving average price of $14.14 and a 200-day moving average price of $14.74. The firm has a market capitalization of $1.23 billion, a PE ratio of 107.04 and a beta of 0.68.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 11.77% and a net margin of 2.55%. 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 firm earned $0.56 EPS. As a group, equities research analysts expect that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on OCSL. B. Riley began coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective on the stock. 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. Wall Street Zen cut shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped 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. Finally, Wells Fargo & Company dropped their price objective 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. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $15.00.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, insider Armen Panossian acquired 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, with a total value of $113,040.00. Following the transaction, the insider owned 20,789 shares of the company's stock, valued at $293,748.57. This trade represents a 62.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Craig A. Jacobson acquired 14,910 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The shares were acquired at an average cost of $13.41 per share, with a total value of $199,943.10. Following the completion of the transaction, the director directly owned 71,667 shares in the company, valued at approximately $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.

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.