Generali Investments CEE investicni spolecnost a.s. Invests $321,000 in Oaktree Specialty Lending Corp. (NASDAQ:OCSL)

Generali Investments CEE investicni spolecnost a.s. purchased a new position in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) during the 1st quarter, Holdings Channel reports. The firm purchased 20,914 shares of the credit services provider’s stock, valued at approximately $321,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Balyasny Asset Management L.P. acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $18,109,000. Invesco Ltd. boosted its stake in Oaktree Specialty Lending by 1,300.1% during the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock worth $13,384,000 after buying an additional 813,352 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth $9,959,000. Generali Asset Management SPA SGR acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth $8,225,000. Finally, Millennium Management LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth $5,882,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Keefe, Bruyette & Woods decreased their price objective on 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. Wells Fargo & Company decreased their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. decreased their price target on 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. Finally, B. Riley started coverage on Oaktree Specialty Lending in a research note on Tuesday, May 13th. They issued a “neutral” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $15.83.

Oaktree Specialty Lending Price Performance

NASDAQ:OCSL opened at $14.08 on Friday. The firm has a market cap of $1.24 billion, a PE ratio of 108.31 and a beta of 0.68. Oaktree Specialty Lending Corp. has a 12 month low of $12.50 and a 12 month high of $18.74. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $14.05 and its two-hundred day moving average price is $14.85.

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

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 11.36%. The ex-dividend date was Monday, June 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 1,230.77%.

Oaktree Specialty Lending Profile

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.