Janney Montgomery Scott LLC Has $663,000 Stock Position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Janney Montgomery Scott LLC raised its stake in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 42.6% in the 1st quarter, HoldingsChannel reports. The fund owned 43,196 shares of the credit services provider’s stock after buying an additional 12,903 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Oaktree Specialty Lending were worth $663,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Balyasny Asset Management L.P. acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter worth approximately $18,109,000. Invesco Ltd. raised its position in Oaktree Specialty Lending by 1,300.1% in the 4th quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock worth $13,384,000 after purchasing an additional 813,352 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Oaktree Specialty Lending during the 4th quarter worth $9,959,000. Generali Asset Management SPA SGR bought a new position in Oaktree Specialty Lending in the 4th quarter valued at $8,225,000. Finally, Millennium Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at $5,882,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, insider Armen Panossian acquired 8,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were acquired at an average price of $14.13 per share, with a total value of $113,040.00. Following the purchase, the insider owned 20,789 shares of the company’s stock, valued at $293,748.57. This represents a 62.55% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig A. Jacobson bought 14,910 shares of Oaktree Specialty Lending stock in a transaction on Tuesday, May 6th. The shares were acquired at an average price of $13.41 per share, for a total transaction of $199,943.10. Following the completion of the acquisition, the director owned 71,667 shares of the company’s stock, valued at approximately $961,054.47. This represents a 26.27% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a “neutral” rating and a $14.00 price objective for the company. JPMorgan Chase & Co. reduced their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 24th. Wall Street Zen cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $15.83.

Oaktree Specialty Lending Trading Up 0.7%

NASDAQ:OCSL opened at $13.75 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending Corp. has a 1-year low of $12.50 and a 1-year high of $18.87. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 105.77 and a beta of 0.68. The business’s 50-day moving average price is $14.08 and its two-hundred day moving average price is $14.88.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. The firm had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. On average, equities analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 11.64%. The ex-dividend date of this dividend was Monday, June 16th. Oaktree Specialty Lending’s payout ratio is presently 1,230.77%.

About Oaktree Specialty Lending

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.