Oaktree Specialty Lending Corp (OCSL) Shares Sold by DNB Asset Management AS

DNB Asset Management AS trimmed its position in Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 9.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,300 shares of the credit services provider’s stock after selling 13,200 shares during the quarter. DNB Asset Management AS owned about 0.09% of Oaktree Specialty Lending worth $646,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in OCSL. The Manufacturers Life Insurance Company raised its stake in shares of Oaktree Specialty Lending by 20,588.7% in the first quarter. The Manufacturers Life Insurance Company now owns 927,060 shares of the credit services provider’s stock worth $3,903,000 after purchasing an additional 922,579 shares during the last quarter. River Road Asset Management LLC raised its stake in shares of Oaktree Specialty Lending by 11.1% in the second quarter. River Road Asset Management LLC now owns 6,699,306 shares of the credit services provider’s stock worth $32,023,000 after purchasing an additional 669,425 shares during the last quarter. Millennium Management LLC raised its stake in shares of Oaktree Specialty Lending by 63.1% in the second quarter. Millennium Management LLC now owns 1,145,485 shares of the credit services provider’s stock worth $5,475,000 after purchasing an additional 443,222 shares during the last quarter. Bruni J V & Co. Co. raised its stake in shares of Oaktree Specialty Lending by 10.6% in the second quarter. Bruni J V & Co. Co. now owns 2,171,618 shares of the credit services provider’s stock worth $10,380,000 after purchasing an additional 208,008 shares during the last quarter. Finally, West Family Investments Inc. raised its stake in shares of Oaktree Specialty Lending by 42.4% in the second quarter. West Family Investments Inc. now owns 667,875 shares of the credit services provider’s stock worth $3,192,000 after purchasing an additional 199,026 shares during the last quarter. Hedge funds and other institutional investors own 42.39% of the company’s stock.

Shares of NASDAQ:OCSL opened at $4.56 on Friday. Oaktree Specialty Lending Corp has a 12-month low of $4.17 and a 12-month high of $5.91. The company has a market capitalization of $652.65 million, a price-to-earnings ratio of 8.94, a P/E/G ratio of 5.07 and a beta of 0.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.26 and a quick ratio of 0.26.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Wednesday, August 8th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.10. Oaktree Specialty Lending had a positive return on equity of 6.50% and a negative net margin of 82.24%. The company had revenue of $31.85 million during the quarter, compared to the consensus estimate of $32.43 million. On average, sell-side analysts anticipate that Oaktree Specialty Lending Corp will post 0.41 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Saturday, September 15th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date of this dividend was Thursday, September 13th. Oaktree Specialty Lending’s payout ratio is presently 74.51%.

Several research analysts have recently issued reports on the company. Zacks Investment Research cut Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. BMO Capital Markets raised their price objective on Oaktree Specialty Lending from $4.00 to $5.00 and gave the stock a “market perform” rating in a research note on Friday, August 10th. National Securities restated a “neutral” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a research note on Monday, August 13th. JMP Securities restated a “buy” rating and issued a $5.50 price objective on shares of Oaktree Specialty Lending in a research note on Tuesday, July 31st. Finally, Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending from a “market perform” rating to an “outperform” rating in a research report on Tuesday, August 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Oaktree Specialty Lending has an average rating of “Hold” and a consensus price target of $5.42.

In related news, CFO Melvin Carlisle purchased 5,000 shares of the firm’s stock in a transaction on Monday, August 27th. The stock was bought at an average cost of $5.05 per share, with a total value of $25,250.00. 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 116,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $5.00, for a total value of $580,000.00. The disclosure for this sale can be found here. Over the last three months, insiders acquired 10,100 shares of company stock valued at $50,630 and sold 346,138 shares valued at $1,739,094. Insiders own 0.10% of the company’s stock.

Oaktree Specialty Lending 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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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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