152,600 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 152,600 shares of the credit services provider's stock, valued at approximately $2,332,000. Schonfeld Strategic Advisors LLC owned about 0.19% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Mandatum Life Insurance Co Ltd increased its position in Oaktree Specialty Lending by 2.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock valued at $564,000 after acquiring an additional 830 shares during the last quarter. Jackson Hole Capital Partners LLC raised its position in Oaktree Specialty Lending by 10.9% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock worth $285,000 after purchasing an additional 1,830 shares during the period. Guggenheim Capital LLC raised its position in Oaktree Specialty Lending by 7.9% in the 4th quarter. Guggenheim Capital LLC now owns 27,234 shares of the credit services provider's stock worth $416,000 after purchasing an additional 1,983 shares during the period. Barclays PLC lifted its stake in Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after purchasing an additional 2,140 shares during the last quarter. Finally, Entropy Technologies LP boosted its position in shares of Oaktree Specialty Lending by 7.0% during the fourth quarter. Entropy Technologies LP now owns 35,851 shares of the credit services provider's stock valued at $548,000 after buying an additional 2,350 shares during the period. Hedge funds and other institutional investors own 36.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on OCSL shares. 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 research note on Thursday, April 24th. Wells Fargo & Company decreased their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report 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. Finally, StockNews.com lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.00.

Insider Activity

In related news, Director Craig A. Jacobson acquired 14,910 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were bought at an average price 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 in the company, valued at $961,054.47. This trade represents a 26.27 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.28% of the company's stock.

Oaktree Specialty Lending Stock Up 0.8 %

Shares of OCSL stock traded up $0.11 on Friday, hitting $13.77. The stock had a trading volume of 367,671 shares, compared to its average volume of 757,195. Oaktree Specialty Lending Co. has a one year low of $12.50 and a one year high of $19.80. The business has a 50 day moving average price of $14.67 and a 200 day moving average price of $15.39. The company has a market cap of $1.21 billion, a PE ratio of 20.55 and a beta of 0.74. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

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 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The business had revenue of $70.52 million during the quarter, compared to the consensus estimate of $84.67 million. During the same quarter in the prior year, the firm posted $0.56 EPS. Research analysts anticipate that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, June 16th. This represents a $1.60 annualized dividend and a yield of 11.62%. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

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.