Friday, December 15, 2017 10:15 PM ET
Oaktree Specialty Lending (OCSL) Insiders Make Significant Share purchases Continuing the Trend of Last 90 Days
There were substantial insider purchases of Oaktree Specialty Lending shares today, as reflected in filings with the SEC as three insiders — Craig A Jacobson, Director, Richard Ruben, Director, and OAKTREE CAPITAL MANAGEMENT LP, 10% Owner — purchased 322,900 shares in the company having a net market value of approximately $1,546,202. There have been 3 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the acquisition of 1,424,156 company shares and the sale of 20,000 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net purchases of 1,727,056 shares and have averaged 294,509 shares per transaction over this time period.
The number of insider buy/sell trades at Oaktree Specialty Lending is greater than that of the 2 peer company average over the last 90-day period. The Private Equity peer group saw 3 buy/sell trades during this period for an average of 1.5 transactions per company. However, the number of shares traded per transaction by Oaktree Specialty Lending insiders is lower than its peers. Within the peer group there were 1,424,156 shares purchased and 20,000 shares sold with company insiders purchasing 468,052 shares on average over this time period.
Significant insider buying and selling activity 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 data sourced in creating and writing this story.
Today’s Insider Activity
* Craig A Jacobson, Director, bought 31,200 shares
* Richard Ruben, Director, bought 15,700 shares
* OAKTREE CAPITAL MANAGEMENT LP, 10% Owner, bought 276,000 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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