Greenwich Investment Management Inc. lifted its stake in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,221,418 shares of the credit services provider’s stock after acquiring an additional 119,050 shares during the quarter. Oaktree Specialty Lending accounts for 6.5% of Greenwich Investment Management Inc.’s investment portfolio, making the stock its 4th largest position. Greenwich Investment Management Inc. owned 0.87% of Oaktree Specialty Lending worth $6,620,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of OCSL. Legacy Bridge LLC acquired a new stake in Oaktree Specialty Lending during the 1st quarter worth approximately $28,000. Quantamental Technologies LLC acquired a new stake in Oaktree Specialty Lending during the 1st quarter worth approximately $28,000. Fox Run Management L.L.C. purchased a new stake in shares of Oaktree Specialty Lending in the 2nd quarter valued at approximately $58,000. Group One Trading L.P. increased its position in shares of Oaktree Specialty Lending by 125.8% in the 1st quarter. Group One Trading L.P. now owns 12,025 shares of the credit services provider’s stock valued at $62,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Raymond James Trust N.A. purchased a new stake in shares of Oaktree Specialty Lending in the 2nd quarter valued at approximately $62,000. Hedge funds and other institutional investors own 47.62% of the company’s stock.
In other news, major shareholder Leonard M. Tannenbaum sold 48,700 shares of the firm’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $5.64, for a total value of $274,668.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 178,945 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $5.68, for a total transaction of $1,016,407.60. The disclosure for this sale can be found here. Insiders have sold a total of 783,976 shares of company stock worth $4,316,543 over the last three months. 0.16% of the stock is currently owned by insiders.
NASDAQ OCSL opened at $5.15 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a fifty day moving average of $5.32. The stock has a market cap of $713.96 million, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 5.29 and a beta of 0.52. Oaktree Specialty Lending Corp has a 12 month low of $4.08 and a 12 month high of $5.75.
Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Oaktree Specialty Lending had a net margin of 96.11% and a return on equity of 7.76%. The company had revenue of $36.67 million for the quarter, compared to the consensus estimate of $39.57 million. As a group, equities analysts expect that Oaktree Specialty Lending Corp will post 0.49 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 7.38%. The ex-dividend date of this dividend is Thursday, September 12th. Oaktree Specialty Lending’s payout ratio is currently 88.37%.
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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