Oaktree Specialty Lending Corp (OCSL) Major Shareholder Leonard M. Tannenbaum Sells 26,281 Shares

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.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can lifted its stake in shares of Oaktree Specialty Lending by 13.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 35,355 shares of the credit services provider’s stock valued at $145,000 after purchasing an additional 4,159 shares during the period. Bayview Asset Management LLC purchased a new position in Oaktree Specialty Lending during the 4th quarter valued at about $10,802,000. BlackRock Inc. increased its holdings in Oaktree Specialty Lending by 3.6% during the 3rd quarter. BlackRock Inc. now owns 567,992 shares of the credit services provider’s stock valued at $2,817,000 after acquiring an additional 19,532 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Oaktree Specialty Lending during the 3rd quarter valued at about $122,000. Finally, Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 0.9% during the 4th quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock valued at $20,277,000 after acquiring an additional 44,677 shares in the last quarter. Hedge funds and other institutional investors own 46.26% of the company’s stock.

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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Insider Buying and Selling by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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