Landscape Capital Management L.L.C. acquired a new position in Oaktree Specialty Lending Corp (NASDAQ:OCSL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 41,278 shares of the credit services provider’s stock, valued at approximately $202,000.
A number of other institutional investors have also added to or reduced their stakes in OCSL. Senvest Management LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $8,648,000. Muzinich & Co. Inc. acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $16,681,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $114,000. Brown Advisory Securities LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $169,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $1,654,000. 42.52% of the stock is owned by hedge funds and other institutional investors.
Shares of Oaktree Specialty Lending Corp (NASDAQ OCSL) opened at $4.50 on Wednesday. Oaktree Specialty Lending Corp has a one year low of $3.90 and a one year high of $5.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.51. The firm has a market cap of $637.14, a PE ratio of 10.27, a P/E/G ratio of 6.16 and a beta of 0.16.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Wednesday, March 14th. Oaktree Specialty Lending’s dividend payout ratio is currently -45.87%.
In other Oaktree Specialty Lending news, major shareholder Oaktree Capital Management Lp purchased 276,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were purchased at an average cost of $4.79 per share, for a total transaction of $1,322,040.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Mathew Pendo purchased 12,000 shares of the company’s stock in a transaction on Friday, December 15th. The stock was acquired at an average price of $4.66 per share, for a total transaction of $55,920.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 356,734 shares of company stock worth $1,689,430. Company insiders own 0.10% of the company’s stock.
Several equities analysts have recently issued reports on OCSL shares. National Securities downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and reduced their price target for the company from $7.00 to $5.00 in a report on Friday, December 1st. Keefe, Bruyette & Woods set a $6.00 price target on shares of Oaktree Specialty Lending and gave the company a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research downgraded shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Maxim Group reissued a “hold” rating on shares of Oaktree Specialty Lending in a report on Tuesday, December 26th. Finally, BMO Capital Markets reissued a “hold” rating and set a $5.00 price target on shares of Oaktree Specialty Lending in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.57.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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