Oppenheimer & Co. Inc. Invests $381,000 in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Oppenheimer & Co. Inc. purchased a new position in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,806 shares of the credit services provider's stock, valued at approximately $381,000.

Other large investors have also added to or reduced their stakes in the company. Canton Hathaway LLC increased its holdings in Oaktree Specialty Lending by 152.6% in the 1st quarter. Canton Hathaway LLC now owns 7,350 shares of the credit services provider's stock valued at $113,000 after buying an additional 4,440 shares during the period. Oxford Asset Management LLP acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $178,000. Stonegate Investment Group LLC increased its stake in Oaktree Specialty Lending by 22.2% in the first quarter. Stonegate Investment Group LLC now owns 14,013 shares of the credit services provider's stock valued at $215,000 after acquiring an additional 2,542 shares during the last quarter. ProShare Advisors LLC increased its stake in Oaktree Specialty Lending by 16.6% in the fourth quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock valued at $228,000 after acquiring an additional 2,124 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired 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.

Wall Street Analysts Forecast Growth

OCSL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on 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 downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price 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. JPMorgan Chase & Co. dropped their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. Finally, B. Riley began coverage on shares of Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of "Hold" and a consensus price target of $15.83.

Oaktree Specialty Lending Trading Up 1.1%

Shares of NASDAQ:OCSL traded up $0.16 during midday trading on Friday, hitting $14.08. 320,021 shares of the stock were exchanged, compared to its average volume of 766,345. The business's 50-day moving average price is $14.05 and its 200 day moving average price is $14.85. Oaktree Specialty Lending Corp. has a 12 month low of $12.50 and a 12 month high of $18.74. 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 stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 108.31 and a beta of 0.68.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its earnings results 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). 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 period in the previous year, the firm earned $0.56 earnings per share. Analysts predict that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.40 dividend. The ex-dividend date was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 11.36%. Oaktree Specialty Lending's payout ratio is 1,230.77%.

Insider Activity

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 bought at an average cost of $14.13 per share, with a total value of $113,040.00. Following the purchase, the insider directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig A. Jacobson bought 14,910 shares of the firm'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 purchase, 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 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 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.