Janney Montgomery Scott LLC Buys 17,584 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Janney Montgomery Scott LLC raised its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 260,432 shares of the credit services provider’s stock after acquiring an additional 17,584 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.14% of Oaktree Specialty Lending worth $1,563,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in Oaktree Specialty Lending during the 2nd quarter worth $25,000. Sound Income Strategies LLC grew its stake in Oaktree Specialty Lending by 123.8% during the 3rd quarter. Sound Income Strategies LLC now owns 5,187 shares of the credit services provider’s stock worth $31,000 after buying an additional 2,869 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in Oaktree Specialty Lending during the 2nd quarter worth $33,000. Point72 Hong Kong Ltd purchased a new position in Oaktree Specialty Lending during the 2nd quarter worth $54,000. Finally, First Heartland Consultants Inc. purchased a new position in Oaktree Specialty Lending during the 3rd quarter worth $66,000. Institutional investors and hedge funds own 50.26% of the company’s stock.

Insider Transactions at Oaktree Specialty Lending

In related news, Director Phyllis R. Caldwell bought 4,000 shares of the stock in a transaction dated Friday, December 9th. The shares were purchased at an average price of $7.00 per share, for a total transaction of $28,000.00. Following the completion of the purchase, the director now directly owns 19,200 shares of the company’s stock, valued at $134,400. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.32% of the company’s stock.

Oaktree Specialty Lending Stock Down 0.7 %

Oaktree Specialty Lending stock opened at $7.10 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.12 and a current ratio of 0.12. The business’s 50-day simple moving average is $6.96 and its two-hundred day simple moving average is $6.77. The company has a market cap of $1.30 billion, a PE ratio of 44.38 and a beta of 1.23. Oaktree Specialty Lending Co. has a fifty-two week low of $5.86 and a fifty-two week high of $7.75.

Oaktree Specialty Lending (NASDAQ:OCSLGet Rating) last posted its quarterly earnings results on Tuesday, November 15th. The credit services provider reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $70.14 million for the quarter, compared to analysts’ expectations of $66.46 million. Oaktree Specialty Lending had a net margin of 11.13% and a return on equity of 9.96%. Equities analysts anticipate that Oaktree Specialty Lending Co. will post 0.81 EPS for the current year.

Oaktree Specialty Lending Increases Dividend

The business also recently announced a None dividend, which was paid on Friday, December 30th. Stockholders of record on Thursday, December 15th were paid a $0.32 dividend. This is an increase from Oaktree Specialty Lending’s previous None dividend of $0.17. The ex-dividend date of this dividend was Wednesday, December 14th. This represents a dividend yield of 9.5%. Oaktree Specialty Lending’s dividend payout ratio is presently 450.00%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. B. Riley boosted their target price on Oaktree Specialty Lending from $6.25 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, November 16th. Wells Fargo & Company boosted their target price on Oaktree Specialty Lending from $7.00 to $7.50 and gave the stock an “overweight” rating in a research note on Wednesday, November 16th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Finally, Hovde Group set a $7.50 price target on Oaktree Specialty Lending in a research note on Thursday, November 17th.

Oaktree Specialty Lending Company Profile

(Get Rating)

Oaktree Specialty Lending Corporation is a business development company 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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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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