Shares of Oaktree Specialty Lending Co. (NASDAQ: OCSL) posted unusually high trading volume on Wednesday following a stronger-than-expected earnings report. Approximately 101,583 shares were traded during trade, an 87% drop from the volume of 770,800 shares in the previous session. The stock last traded at $ 7.55 and closed at $ 7.44. The credit services provider reported EPS of $ 0.16 for the quarter, beating the consensus estimate. of $ 0.15 per $ 0.01. Oaktree Specialty Lending reported a return on equity of 8.87% and a net margin of 143.41%. During the same period of the previous year, the company made EPS of $ 0.17.
The OCSL has been the subject of several recent research reports. TheStreet downgraded Oaktree Specialty Lending from a âc +â rating to a âbâ rating in a research report released on Wednesday, August 4. Zacks investment research downgraded Oaktree Specialty Lending from a âbuyâ rating to a âconservationâ rating in a research report released Thursday, October 7. Finally, JMP Securities raised its target price on Oaktree Specialty Lending from $ 8.00 to $ 8.50 and gave the stock a “market outperformance” rating in a research report released Wednesday. One equity research analyst rated the stock with a conservation rating and three issued a buy rating for the stock. Based on data from MarketBeat, the company currently has a consensus rating of âBuyâ and an average price target of $ 7.81.
Meanwhile, main shareholder Leonard M. Tannenbaum sold 48,173 shares in a transaction on Wednesday, November 10. The stock was sold for an average price of $ 7.50, for a total value of $ 361,297.50. The transaction has been disclosed in a legal file with the SEC, which can be accessed via this link. Also, majority shareholder Leonard M. Tannenbaum sold 100,000 shares in a trade on Monday, November 8. The shares were sold for an average price of $ 7.51, for a total value of $ 751,000.00. Disclosure of this sale can be found here. During the past ninety days, insiders have sold 4,362,541 shares of the company for a value of $ 31,034,310. Insiders own 0.19% of the company’s shares.
This is a microcap stock that investors only dream of.
Large investors have recently changed their positions in the company. Schonfeld Strategic Advisors LLC purchased a new equity stake in Oaktree Specialty Lending during the third quarter valued at approximately $ 132,000. Cetera Investment Advisers purchased a new stake in Oaktree Specialty Lending in the third quarter for a value of approximately $ 190,000. Navis Wealth Advisors LLC purchased a new stake in Oaktree Specialty Lending in the third quarter for a value of approximately $ 1,037,000. Oaktree Capital Management LP increased its holdings in Oaktree Specialty Lending by 1,526.9% in the third quarter. Oaktree Capital Management LP now owns 4,490,368 shares of the credit service provider valued at $ 31,701,000 after purchasing an additional 4,214,368 shares during the period. Finally, National Asset Management Inc. increased its holdings in Oaktree Specialty Lending by 13.6% in the third quarter. National Asset Management Inc. now owns 136,011 shares of the credit service provider valued at $ 961,000 after purchasing an additional 16,326 shares during the period. 68.71% of the shares are currently held by hedge funds and other institutional investors.
The company has a quick ratio of 0.21, a current ratio of 0.21, and a debt ratio of 0.49. The company’s fifty-day simple moving average is $ 7.29 and its 200-day simple moving average is $ 7.01. The company has a market cap of $ 1.36 billion, a PE ratio of 4.18, a price / earnings-growth ratio of 0.99, and a beta of 1.40.
About Oaktree Specialty Loans (NASDAQ: OCSL)
Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to growing private, small and medium-sized businesses. While fostering growth is our primary mission, a singular goal guides all of our partnering activities for success.
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