Universal Beteiligungs und Servicegesellschaft mbH Sells 21,500 Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 28.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,600 shares of the credit services provider's stock after selling 21,500 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.07% of Oaktree Specialty Lending worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Lindbrook Capital LLC grew its holdings in shares of Oaktree Specialty Lending by 75.4% in the 1st quarter. Lindbrook Capital LLC now owns 29,815 shares of the credit services provider's stock worth $458,000 after purchasing an additional 12,815 shares during the last quarter. Denali Advisors LLC grew its stake in Oaktree Specialty Lending by 3.2% during the first quarter. Denali Advisors LLC now owns 147,769 shares of the credit services provider's stock worth $2,270,000 after buying an additional 4,513 shares during the last quarter. Mandatum Life Insurance Co Ltd grew its stake in Oaktree Specialty Lending by 19.9% during the first quarter. Mandatum Life Insurance Co Ltd now owns 44,274 shares of the credit services provider's stock worth $680,000 after buying an additional 7,359 shares during the last quarter. Castlekeep Investment Advisors LLC increased its holdings in shares of Oaktree Specialty Lending by 651.4% during the first quarter. Castlekeep Investment Advisors LLC now owns 319,275 shares of the credit services provider's stock worth $4,904,000 after buying an additional 276,782 shares in the last quarter. Finally, Round Rock Advisors LLC raised its stake in shares of Oaktree Specialty Lending by 354.1% in the first quarter. Round Rock Advisors LLC now owns 107,504 shares of the credit services provider's stock valued at $1,651,000 after acquiring an additional 83,828 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Stock Down 2.0%

NASDAQ OCSL opened at $13.56 on Friday. The stock has a market capitalization of $1.19 billion, a P/E ratio of 104.31 and a beta of 0.69. Oaktree Specialty Lending Corp. has a 52 week low of $12.50 and a 52 week high of $17.16. 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 fifty day moving average of $14.13 and a 200-day moving average of $14.72.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results 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). The firm had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. During the same quarter in the prior year, the business earned $0.56 EPS. On average, equities research analysts forecast that Oaktree Specialty Lending Corp. will post 2.06 EPS for the current year.

Insider Activity

In other Oaktree Specialty Lending 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 acquired at an average cost of $13.41 per share, with a total value of $199,943.10. Following the completion of the purchase, the director directly owned 71,667 shares in the company, valued at approximately $961,054.47. This represents a 26.27% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Armen Panossian acquired 8,000 shares of the business'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 completion of the acquisition, 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 disclosure for this purchase can be found here. Insiders own 0.28% of the company's stock.

Analyst Upgrades and Downgrades

OCSL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price on the stock. Wells Fargo & Company cut their price target 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 shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of 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 given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $15.00.

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.

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