Monday, October 23, 2017 10:15 PM ET
Insider Makes Significant Stock buy in Oaktree Specialty Lending (OCSL) Shares Breaks Selling Trend of Last 90 Days
An insider — Leonard M Tannenbaum, 10% Owner — purchased 1,409,606 shares of Oaktree Specialty Lending having a market value of approximately $7,837,409 today, as disclosed in a form 4 document filed with the SEC. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 20,000 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,389,606 shares and have averaged 714,803 shares per transaction over this time period.
Insider buy/sell trading at Oaktree Specialty Lending is higher than the 2 peer company average over the last 90-day period. The Private Equity peer group saw 1 buy/sell trades during this period for an average of 0.5 transactions per company. The number of shares per buy/sell trade for Oaktree Specialty Lending insiders was also higher. Within the peer group there were 0 shares purchased and 20,000 shares sold with company insiders having sold 20,000 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
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