Short interest in Oaktree Specialty Lending Co. (NASDAQ: OCSL) increases 53.1%


Oaktree Specialty Lending Co. (NASDAQ: OCSL) saw a significant increase in short-term interest in June. As of June 30, there was short interest totaling 1,010,000 shares, an increase of 53.1% from the total of 659,600 shares as of June 15. Based on an average trading volume of 884,600 shares, the short-term interest rate is currently 1.1 days. Currently 0.6% of the company’s shares are sold short.

NASDAQ: OCSL opened at $ 6.75 on Friday. The stock has a market cap of $ 1.22 billion, a P / E ratio of 11.77, a P / E / G ratio of 1.00, and a beta of 1.47. The fifty-day moving average for the stock is $ 6.72. Oaktree Specialty Lending has a 1 year low of $ 4.39 and a 1 year high of $ 6.92. The company has a current ratio of 0.11, a quick ratio of 0.11, and a debt ratio of 0.23.

Oaktree Specialty Lending (NASDAQ: OCSL) last reported its results on Thursday, May 6. The credit services provider reported earnings per share (EPS) of $ 0.14 for the quarter, reaching the consensus estimate of $ 0.14. The company posted revenue of $ 41.94 million for the quarter, compared to a consensus estimate of $ 39.12 million. Oaktree Specialty Lending reported a return on equity of 8.16% and a net margin of 217.84%. Stock analysts forecast Oaktree Specialty Lending to post earnings per share of 0.56 for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30. Shareholders of record on Tuesday, June 15, received a dividend of $ 0.13 per share. The ex-dividend date of this dividend was Monday, June 14. This represents an annualized dividend of $ 0.52 and a dividend yield of 7.70%. This is an increase from Oaktree Specialty Lending’s previous quarterly dividend of $ 0.12. Oaktree Specialty Lending’s dividend payout ratio is currently 101.96%.

Several equity analysts weighed on OCSL shares. Oppenheimer began coverage on Oaktree Specialty Lending in a report on Wednesday, June 23. They set an “outperformance” rating and a price target of $ 7.50 for the company. Zacks Investment Research downgraded Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report released Wednesday, April 28. Finally, TheStreet downgraded Oaktree Specialty Lending from a “b” rating to a “c +” rating in a report released on Tuesday, May 25. One investment analyst rated the stock with a conservation rating and three issued a buy rating for the company. The company has a consensus rating of “Buy” and an average target price of $ 6.94.

Meanwhile, main shareholder Leonard M. Tannenbaum sold 100,000 shares of the company in a transaction that took place on Tuesday, June 1. The stock was sold for an average price of $ 6.78, for a total value of $ 678,000.00. Following the completion of the transaction, the insider now directly owns 21,195,331 shares of the company, valued at $ 143,704,344.18. The transaction was disclosed in a file with the SEC, accessible through this hyperlink. In addition, main shareholder Leonard M. Tannenbaum sold 38,200 shares of the company in a transaction that took place on Friday, May 21. The shares were sold for an average price of $ 6.70, for a total value of $ 255,940.00. Following the completion of the transaction, the insider now directly owns 21,292,165 shares of the company, valued at $ 142,657,505.50. Disclosure of this sale can be found here. During the past ninety days, insiders have sold 1,024,975 shares of the company valued at $ 6,890,554. 0.19% of the shares are currently owned by insiders.

Several large investors have recently bought and sold shares in the company. Rivernorth Capital Management LLC increased its position in Oaktree Specialty Lending shares by 3.1% in the first quarter. Rivernorth Capital Management LLC now owns 6,079,328 shares of the credit service provider valued at $ 37,692,000 after acquiring an additional 180,993 shares in the last quarter. Private Management Group Inc. increased its position in Oaktree Specialty Lending shares by 36.0% in the first quarter. Private Management Group Inc. now owns 6,041,064 shares of the credit service provider valued at $ 37,455,000 after purchasing an additional 1,600,113 shares in the last quarter. Bruni JV & Co. Co. increased its position in Oaktree Specialty Lending shares by 3.4% in the first quarter. Bruni JV & Co. Co. now owns 4,657,350 shares of the credit service provider valued at $ 28,876,000 after purchasing an additional 154,502 shares in the last quarter. Ares Management LLC increased its position in Oaktree Specialty Lending shares by 108.3% in the first quarter. Ares Management LLC now owns 4,095,814 shares of the credit service provider valued at $ 25,394,000 after purchasing an additional 2,129,926 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its position in Oaktree Specialty Lending shares by 25.6% in the first quarter. Kennedy Capital Management Inc. now owns 3,645,943 shares of the credit service provider valued at $ 22,605,000 after purchasing an additional 742,711 shares in the last quarter. Hedge funds and other institutional investors hold 48.16% of the company’s shares.

Oaktree Specialty Loan Company Profile

Oaktree Specialty Lending Corporation is a business development company specializing in mid-market investments, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, acquisitions sponsored by sponsors and management buyouts in small and medium enterprises. large companies.

Further reading: preferred shares

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