Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Purchased by United Advisor Group LLC

United Advisor Group LLC lifted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 32.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 206,359 shares of the credit services provider's stock after acquiring an additional 50,895 shares during the period. United Advisor Group LLC owned approximately 0.25% of Oaktree Specialty Lending worth $3,153,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of OCSL. Balyasny Asset Management L.P. purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $18,109,000. Invesco Ltd. grew its stake in shares of Oaktree Specialty Lending by 1,300.1% during the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after acquiring an additional 813,352 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Oaktree Specialty Lending by 51.3% during the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock worth $32,534,000 after acquiring an additional 721,629 shares during the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $9,959,000. Finally, Generali Asset Management SPA SGR purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $8,225,000. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock traded down $0.08 during trading hours on Friday, hitting $14.57. 145,371 shares of the company's stock were exchanged, compared to its average volume of 753,395. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.28 billion, a P/E ratio of 21.75 and a beta of 0.74. The firm has a 50 day moving average of $14.25 and a two-hundred day moving average of $15.22. Oaktree Specialty Lending Co. has a fifty-two week low of $12.50 and a fifty-two week high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). The business had revenue of $70.52 million for the quarter, compared to analyst estimates 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 earnings per share. Sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 10.98%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's payout ratio is 1,230.77%.

Analysts Set New Price Targets

A number of brokerages recently commented on OCSL. B. Riley began coverage on Oaktree Specialty Lending in a research report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 target price on the stock. Wells Fargo & Company dropped 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. Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their price target 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. Finally, Keefe, Bruyette & Woods decreased their price target 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 research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $15.83.

Insider Transactions at Oaktree Specialty Lending

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

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.