Oaktree Specialty Lending Corp (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 26,281 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $5.30, for a total transaction of $139,289.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ OCSL traded down $0.03 during midday trading on Friday, hitting $5.27. The company had a trading volume of 154,268 shares, compared to its average volume of 372,852. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.45. Oaktree Specialty Lending Corp has a twelve month low of $4.08 and a twelve month high of $5.36. The stock has a market capitalization of $742.86 million, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 5.46 and a beta of 0.58.
Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Oaktree Specialty Lending had a net margin of 73.31% and a return on equity of 7.54%. The firm had revenue of $38.28 million during the quarter, compared to analysts’ expectations of $36.80 million. Equities research analysts expect that Oaktree Specialty Lending Corp will post 0.48 EPS for the current fiscal year.
Several analysts have recently commented on the stock. National Securities upgraded shares of Oaktree Specialty Lending from a “neutral” rating to a “buy” rating and raised their target price for the stock from $5.00 to $7.00 in a research note on Thursday, February 7th. ValuEngine upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, TheStreet cut shares of Oaktree Specialty Lending from a “b” rating to a “c” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $5.88.
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Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
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