Oaktree Specialty Lending Co. (NASDAQ:OCSL) Insider Armen Panossian Buys 8,000 Shares

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) insider Armen Panossian purchased 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, with a total value of $113,040.00. Following the completion of the acquisition, the insider now owns 20,789 shares in the company, valued at $293,748.57. The trade was a 62.55% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL traded up $0.07 during trading on Friday, hitting $14.10. The company's stock had a trading volume of 312,354 shares, compared to its average volume of 755,239. 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 50 day moving average price of $14.35 and a 200 day moving average price of $15.26. The firm has a market cap of $1.24 billion, a P/E ratio of 21.05 and a beta of 0.74. Oaktree Specialty Lending Co. has a 52 week low of $12.50 and a 52 week 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The firm had revenue of $70.52 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.56 earnings per share. Equities research analysts forecast that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is presently 1,230.77%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Wells Fargo & Company reduced their target price 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. B. Riley assumed coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 target price for the company. JPMorgan Chase & Co. reduced their target price 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 reduced their target price 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 investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat.com, Oaktree Specialty Lending has an average rating of "Hold" and a consensus price target of $15.83.

Institutional Trading of Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of the company. Private Management Group Inc. increased its position in shares of Oaktree Specialty Lending by 2.6% during the first quarter. Private Management Group Inc. now owns 2,185,006 shares of the credit services provider's stock valued at $33,562,000 after purchasing an additional 55,804 shares during the period. Van ECK Associates Corp boosted its stake in Oaktree Specialty Lending by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider's stock valued at $32,006,000 after buying an additional 71,808 shares in the last quarter. Bruni J V & Co. Co. boosted its stake in Oaktree Specialty Lending by 26.0% in the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock valued at $29,483,000 after buying an additional 398,241 shares in the last quarter. Claret Asset Management Corp boosted its stake in Oaktree Specialty Lending by 0.9% in the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider's stock valued at $22,846,000 after buying an additional 13,949 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at $18,109,000. 36.79% of the stock is currently owned by institutional investors.

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.