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

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has reduced its stock position in Oaktree Specialty Lending Corp. by 28.3%, now owning 54,600 shares valued at approximately $839,000.
• Oaktree Specialty Lending reported $0.45 earnings per share for the latest quarter, missing analysts' expectations of $0.51 by $0.06, with revenue also falling short at $70.52 million compared to estimates of $84.67 million.
• Multiple hedge funds have increased their stakes in Oaktree Specialty Lending recently, with Canton Hathaway LLC boosting its position by 152.6% during the first quarter.

Universal Beteiligungs und Servicegesellschaft mbH lessened its stake in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 28.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 about 0.07% of Oaktree Specialty Lending worth $839,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OCSL. Claret Asset Management Corp boosted its holdings in shares of Oaktree Specialty Lending by 0.9% in the fourth quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock worth $22,846,000 after buying an additional 13,949 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $18,109,000. Invesco Ltd. boosted its holdings in shares of Oaktree Specialty Lending by 1,300.1% in the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after buying an additional 813,352 shares during the last quarter. Melia Wealth LLC boosted its holdings in shares of Oaktree Specialty Lending by 5.2% in the fourth quarter. Melia Wealth LLC now owns 801,216 shares of the credit services provider's stock worth $12,243,000 after buying an additional 39,414 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $9,959,000. Hedge funds and other institutional investors own 36.79% of the company's stock.

Insider Activity

In related news, insider Armen Panossian acquired 8,000 shares of Oaktree Specialty Lending stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the completion of the transaction, the insider directly owned 20,789 shares in the company, valued at approximately $293,748.57. This represents a 62.55% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OCSL has been the topic of a number of research reports. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. JPMorgan Chase & Co. decreased their target price 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. B. Riley began coverage on shares of Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price on the stock. Wells Fargo & Company decreased their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $15.00.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock traded down $0.21 on Tuesday, hitting $13.30. 877,481 shares of the company traded hands, compared to its average volume of 721,158. The stock has a market capitalization of $1.17 billion, a P/E ratio of 102.50 and a beta of 0.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.23. Oaktree Specialty Lending Corp. has a 52 week low of $12.50 and a 52 week high of $17.16. The business has a 50-day simple moving average of $14.12 and a 200 day simple moving average of $14.69.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). 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 firm posted $0.55 EPS. Research analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current fiscal year.

About Oaktree Specialty Lending

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.