Oaktree Specialty Lending (NASDAQ:OCSL) Sees Unusually-High Trading Volume

Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) shares saw unusually-high trading volume on Friday . Approximately 202,202 shares were traded during mid-day trading, a decline of 83% from the previous session’s volume of 1,218,660 shares.The stock last traded at $6.28 and had previously closed at $6.23.

Several equities research analysts recently commented on the stock. Hovde Group cut their price objective on shares of Oaktree Specialty Lending to $7.00 in a research report on Friday, May 20th. StockNews.com initiated coverage on shares of Oaktree Specialty Lending in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

The stock has a market cap of $1.15 billion, a P/E ratio of 8.20 and a beta of 1.32. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.47. The stock has a 50 day simple moving average of $7.09 and a 200 day simple moving average of $7.32.

Oaktree Specialty Lending (NASDAQ:OCSLGet Rating) last posted its quarterly earnings data on Thursday, May 5th. The credit services provider reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Oaktree Specialty Lending had a net margin of 53.18% and a return on equity of 9.59%. The business had revenue of $64.30 million during the quarter, compared to analysts’ expectations of $58.95 million. Equities analysts anticipate that Oaktree Specialty Lending Co. will post 0.72 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be issued a dividend of $0.165 per share. This is a positive change from Oaktree Specialty Lending’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $0.66 annualized dividend and a yield of 10.49%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 86.84%.

In other news, President Mathew Pendo bought 18,381 shares of Oaktree Specialty Lending stock in a transaction dated Monday, May 9th. The stock was bought at an average cost of $7.06 per share, for a total transaction of $129,769.86. Following the purchase, the president now directly owns 103,591 shares in the company, valued at approximately $731,352.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Phyllis R. Caldwell acquired 5,000 shares of Oaktree Specialty Lending stock in a transaction on Wednesday, May 11th. The stock was purchased at an average cost of $7.04 per share, with a total value of $35,200.00. Following the purchase, the director now directly owns 7,700 shares of the company’s stock, valued at approximately $54,208. The disclosure for this purchase can be found here. Insiders have acquired 28,381 shares of company stock worth $198,970 in the last ninety days. Insiders own 0.32% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Moors & Cabot Inc. purchased a new position in shares of Oaktree Specialty Lending during the 3rd quarter valued at $27,000. Kistler Tiffany Companies LLC bought a new stake in Oaktree Specialty Lending in the 1st quarter valued at about $56,000. MML Investors Services LLC purchased a new stake in Oaktree Specialty Lending during the fourth quarter valued at about $75,000. Centiva Capital LP bought a new position in Oaktree Specialty Lending during the third quarter worth about $79,000. Finally, Seelaus Asset Management LLC purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $81,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

About Oaktree Specialty Lending (NASDAQ:OCSL)

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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