US LNG exports surge but will buyers in China turn up?
Armen Panossian, Chief Executive Officer and Co-Chief Investment Officer of Oaktree Specialty Lending Corp (NASDAQ:OCSL), has acquired 8,000 shares of the company’s common stock. The purchase, which took place on May 15, was made at a price of $14.13 per share, amounting to a total transaction value of $113,040. Following this acquisition, Panossian now holds 20,789 shares directly. This move reflects Panossian’s ongoing involvement in the $1.26 billion market cap company, which boasts a remarkable 21.5% dividend yield and has maintained dividend payments for 18 consecutive years. According to InvestingPro data, the company maintains a GOOD financial health score, with analyst price targets ranging from $13 to $16 per share.
In other recent news, Oaktree Specialty Lending Corporation reported its first-quarter 2025 earnings, missing analysts’ expectations. The company posted an earnings per share (EPS) of $0.45, falling short of the anticipated $0.49. Revenue also came in lower than expected at $77.6 million, compared to the forecasted $84.67 million. This marks a significant deviation from the company’s previous earnings trends, where it had typically met or exceeded forecasts. The company’s net asset value per share declined from $17.63 in the prior quarter to $16.75.
Additionally, Oaktree Specialty Lending has implemented a new incentive fee structure to align with total return, amidst ongoing market volatility impacting mergers and acquisitions (M&A) activity and borrowing costs. The firm has maintained a robust liquidity position with approximately $1.1 billion available. Despite the challenges, the company is focusing on investments less exposed to tariff impacts and exploring opportunities in distressed and rescue financing. Armen Panossian, CEO, expressed confidence in Oaktree’s resilience in volatile markets, noting the firm’s historical ability to capitalize on opportunities during such periods.
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