Two Sigma Advisers LP Sells 57,400 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Two Sigma Advisers LP lessened its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 369,941 shares of the credit services provider's stock after selling 57,400 shares during the quarter. Two Sigma Advisers LP owned 0.45% of Oaktree Specialty Lending worth $5,653,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Canton Hathaway LLC bought a new stake in Oaktree Specialty Lending in the fourth quarter worth $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth about $68,000. Geneos Wealth Management Inc. acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at about $93,000. SG Americas Securities LLC bought a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $106,000. Finally, EMC Capital Management raised its stake in shares of Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after acquiring an additional 3,026 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Insider Buying and Selling at Oaktree Specialty Lending

In related news, Director Craig A. Jacobson acquired 14,910 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were bought at an average cost of $13.41 per share, with a total value of $199,943.10. Following the completion of the acquisition, the director now owns 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 acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Armen Panossian bought 8,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was purchased at an average price of $14.13 per share, with a total value of $113,040.00. Following the purchase, the insider now directly owns 20,789 shares of the company's stock, valued at $293,748.57. The trade was a 62.55% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company's stock.

Analyst Ratings Changes

OCSL has been the topic of several analyst reports. Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. B. Riley began coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price target on the stock. JPMorgan Chase & Co. cut their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th. Keefe, Bruyette & Woods reduced 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, Wells Fargo & Company reduced 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 note on Monday, April 28th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.83.

Oaktree Specialty Lending Price Performance

NASDAQ OCSL traded up $0.07 during trading on Wednesday, reaching $14.46. 368,205 shares of the company traded hands, compared to its average volume of 753,991. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The stock's 50 day moving average price is $14.29 and its two-hundred day moving average price is $15.23. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.58 and a beta of 0.74. Oaktree Specialty Lending Co. has a 1-year low of $12.50 and a 1-year high of $19.80.

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 for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The company had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. During the same period in the previous year, the firm posted $0.56 earnings per share. As a group, analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's payout ratio is 1,230.77%.

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.