Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 555.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 92,579 shares of the credit services provider’s stock after acquiring an additional 78,453 shares during the quarter. Jane Street Group LLC owned about 0.11% of Oaktree Specialty Lending worth $1,415,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Canton Hathaway LLC purchased a new position in Oaktree Specialty Lending during the fourth quarter worth about $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $68,000. Geneos Wealth Management Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $93,000. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $106,000. Finally, EMC Capital Management grew its position in 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 worth $133,000 after acquiring an additional 3,026 shares during the period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Insider Activity at Oaktree Specialty Lending

In other news, Director Craig A. Jacobson acquired 14,910 shares of the firm’s stock in a transaction dated Tuesday, May 6th. The stock was acquired at an average cost of $13.41 per share, with a total value of $199,943.10. Following the transaction, the director now owns 71,667 shares in the company, valued at approximately $961,054.47. This trade represents a 26.27% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Armen Panossian bought 8,000 shares of the stock in a transaction that occurred on 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 purchase, the insider now owns 20,789 shares of the company’s stock, valued at approximately $293,748.57. This represents a 62.55% increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

Oaktree Specialty Lending Stock Up 0.8%

Shares of OCSL opened at $14.45 on Tuesday. The company’s 50-day simple moving average is $14.47 and its 200-day simple moving average is $15.30. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. Oaktree Specialty Lending Co. has a 1 year low of $12.50 and a 1 year high of $19.80. The stock has a market capitalization of $1.27 billion, a PE ratio of 21.57 and a beta of 0.74.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued 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). The business had revenue of $70.52 million during the quarter, compared to analysts’ expectations 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 period in the prior year, the business earned $0.56 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.60 dividend on an annualized basis and a yield of 11.07%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 1,230.77%.

Analyst Upgrades and Downgrades

OCSL has been the topic of a number of research analyst reports. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. B. Riley began coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They set a “neutral” rating and a $14.00 price target for the company. Finally, Wells Fargo & Company decreased their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, Oaktree Specialty Lending currently has a consensus rating of “Hold” and a consensus price target of $15.83.

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.