Blue Trust Inc. Increases Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Blue Trust Inc. grew its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 83.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,668 shares of the credit services provider's stock after buying an additional 21,668 shares during the period. Blue Trust Inc. owned approximately 0.06% of Oaktree Specialty Lending worth $777,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. PFS Partners LLC increased its holdings in shares of Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock valued at $32,000 after acquiring an additional 1,660 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at $93,000. SG Americas Securities LLC bought a new stake in Oaktree Specialty Lending during the 4th quarter valued at $106,000. Sunbelt Securities Inc. raised its holdings in Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock worth $127,000 after buying an additional 1,820 shares during the last quarter. Finally, Bfsg LLC lifted its stake in shares of Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock valued at $135,000 after buying an additional 5,576 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Oppenheimer reissued a "market perform" rating and set a $18.00 target price on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Citizens Jmp downgraded Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 19th. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price target for the company. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL traded up $0.22 during mid-day trading on Thursday, reaching $15.88. 185,326 shares of the company's stock were exchanged, compared to its average volume of 507,994. The firm has a 50-day moving average price of $15.63 and a two-hundred day moving average price of $16.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 22.03 and a beta of 1.07. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $21.49.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 13.85%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending's dividend payout ratio is 305.56%.

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.