Round Rock Advisors LLC Buys 83,828 Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Round Rock Advisors LLC grew its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 354.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,504 shares of the credit services provider's stock after acquiring an additional 83,828 shares during the quarter. Round Rock Advisors LLC owned 0.13% of Oaktree Specialty Lending worth $1,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its stake in Oaktree Specialty Lending by 3.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,419 shares of the credit services provider's stock worth $452,000 after purchasing an additional 848 shares in the last quarter. Guggenheim Capital LLC lifted its holdings in shares of Oaktree Specialty Lending by 7.9% in the fourth quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock valued at $416,000 after purchasing an additional 1,983 shares in the last quarter. Sonora Investment Management Group LLC lifted its holdings in shares of Oaktree Specialty Lending by 14.6% in the first quarter. Sonora Investment Management Group LLC now owns 15,700 shares of the credit services provider's stock valued at $241,000 after purchasing an additional 2,000 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of 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 purchasing an additional 2,124 shares in the last quarter. Finally, Naviter Wealth LLC lifted its holdings in shares of Oaktree Specialty Lending by 1.5% in the first quarter. Naviter Wealth LLC now owns 156,047 shares of the credit services provider's stock valued at $2,492,000 after purchasing an additional 2,316 shares in the last quarter. 36.79% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Craig A. Jacobson acquired 14,910 shares of Oaktree Specialty Lending stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, with a total value of $199,943.10. Following the transaction, the director directly owned 71,667 shares in the company, valued at $961,054.47. This represents a 26.27% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Armen Panossian acquired 8,000 shares of Oaktree Specialty Lending 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 transaction, the insider owned 20,789 shares in the company, valued at approximately $293,748.57. This trade represents 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 Trading Up 1.7%

Shares of Oaktree Specialty Lending stock traded up $0.24 on Thursday, hitting $14.37. The stock had a trading volume of 594,730 shares, compared to its average volume of 766,338. The stock has a 50 day moving average of $14.01 and a 200 day moving average of $14.83. Oaktree Specialty Lending Corp. has a twelve month low of $12.50 and a twelve month high of $18.67. 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 has a market capitalization of $1.27 billion, a P/E ratio of 110.54 and a beta of 0.68.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released 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). Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. The firm had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same period in the prior year, the company earned $0.56 EPS. Sell-side analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date of this dividend was Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on OCSL shares. JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price objective for the company. Wells Fargo & Company cut their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Finally, Keefe, Bruyette & Woods cut their price objective on 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of "Hold" and an average target price of $15.83.

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.