Oaktree Specialty Lending Co. (NASDAQ:OCSL) Short Interest Update

Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Free Report) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 2,000,000 shares, a decrease of 13.8% from the May 31st total of 2,320,000 shares. Based on an average daily trading volume, of 524,700 shares, the short-interest ratio is currently 3.8 days. Currently, 2.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

OCSL has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. JMP Securities restated a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and an average price target of $20.67.

Get Our Latest Report on OCSL

Oaktree Specialty Lending Price Performance

OCSL traded down $0.13 during trading hours on Monday, hitting $18.68. The company’s stock had a trading volume of 549,262 shares, compared to its average volume of 617,621. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 14.04 and a beta of 1.09. The business’s 50-day moving average price is $19.30 and its 200-day moving average price is $19.82. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.59. Oaktree Specialty Lending has a 12 month low of $18.41 and a 12 month high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.01). Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. The company had revenue of $94.03 million during the quarter, compared to the consensus estimate of $99.66 million. During the same period in the previous year, the business earned $0.62 earnings per share. Sell-side analysts expect that Oaktree Specialty Lending will post 2.28 earnings per share for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.20 annualized dividend and a yield of 11.78%. Oaktree Specialty Lending’s payout ratio is 164.18%.

Institutional Trading of Oaktree Specialty Lending

Several institutional investors have recently added to or reduced their stakes in the company. Cape Investment Advisory Inc. bought a new position in Oaktree Specialty Lending in the 4th quarter valued at $39,000. Massmutual Trust Co. FSB ADV purchased a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $41,000. Bfsg LLC bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $71,000. AdvisorNet Financial Inc lifted its stake in Oaktree Specialty Lending by 21.4% in the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock worth $104,000 after acquiring an additional 900 shares during the period. Finally, Adalta Capital Management LLC grew its holdings in Oaktree Specialty Lending by 28.8% during the 3rd quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider’s stock worth $137,000 after acquiring an additional 1,525 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Company Profile

(Get Free Report)

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.

Featured Stories

Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.