Two Sigma Investments LP Sells 347,575 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Two Sigma Investments LP lowered its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 67.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 164,036 shares of the credit services provider's stock after selling 347,575 shares during the quarter. Two Sigma Investments LP owned approximately 0.20% of Oaktree Specialty Lending worth $2,506,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OCSL. Canton Hathaway LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at $44,000. Spire Wealth Management bought a new position in shares of Oaktree Specialty Lending during the 4th quarter worth $68,000. Geneos Wealth Management Inc. purchased a new stake in Oaktree Specialty Lending in the 4th quarter worth about $93,000. SG Americas Securities LLC purchased a new stake in Oaktree Specialty Lending in the 4th quarter worth about $106,000. Finally, Oxford Asset Management LLP bought a new stake in Oaktree Specialty Lending in the 4th quarter valued at about $178,000. Hedge funds and other institutional investors own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on OCSL. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company reduced their price objective 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. B. Riley started coverage on Oaktree Specialty Lending in a research report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price on the stock. Finally, Keefe, Bruyette & Woods reduced their price target on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.83.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Craig A. Jacobson acquired 14,910 shares of the business's 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 purchase, the director now owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Armen Panossian bought 8,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was acquired at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the transaction, the insider now owns 20,789 shares in the company, valued at $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. Company insiders own 0.28% of the company's stock.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock traded down $0.26 during trading on Wednesday, hitting $14.24. The stock had a trading volume of 441,603 shares, compared to its average volume of 750,533. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 21.25 and a beta of 0.71. Oaktree Specialty Lending Co. has a 12 month low of $12.50 and a 12 month high of $19.80. The business's 50-day moving average is $14.18 and its 200 day moving average is $15.18. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued 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 company had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. During the same period in the previous year, the company earned $0.56 EPS. As a group, sell-side analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.23%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

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.