45,880 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 45,880 shares of the credit services provider's stock, valued at approximately $701,000. Raymond James Financial Inc. owned 0.06% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at about $44,000. Spire Wealth Management acquired a new stake in Oaktree Specialty Lending during the fourth quarter valued at approximately $68,000. Geneos Wealth Management Inc. bought a new stake in Oaktree Specialty Lending during the fourth quarter worth approximately $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $106,000. Finally, EMC Capital Management increased its holdings in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after buying an additional 3,026 shares in the last quarter. Institutional investors own 36.79% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on 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. Keefe, Bruyette & Woods cut their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. StockNews.com lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. cut 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. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.00.

Insider Buying and Selling

In other news, Director Craig A. Jacobson acquired 14,910 shares of Oaktree Specialty Lending stock in a transaction dated Tuesday, May 6th. The stock was bought at an average cost of $13.41 per share, with a total value of $199,943.10. Following the completion of the transaction, the director now directly owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This represents a 26.27 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL traded up $0.11 during midday trading on Friday, reaching $13.77. The company's stock had a trading volume of 367,671 shares, compared to its average volume of 756,087. The business's fifty day simple moving average is $14.67 and its 200-day simple moving average is $15.39. The company has a market capitalization of $1.21 billion, a P/E ratio of 20.55 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. 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 quarterly earnings data 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 firm had revenue of $70.52 million for 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 prior year, the firm posted $0.56 earnings per share. As a group, equities research analysts expect that Oaktree Specialty Lending Co. will post 2.06 EPS 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. Investors of record on Monday, June 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.62%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

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.