Carnegie Investment Counsel lowered its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 74.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 33,355 shares of the credit services provider's stock after selling 94,994 shares during the period. Carnegie Investment Counsel's holdings in Oaktree Specialty Lending were worth $510,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Fiduciary Financial Group LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at about $270,000. Confluence Investment Management LLC grew its position in shares of Oaktree Specialty Lending by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock worth $1,993,000 after buying an additional 689 shares during the period. Rivernorth Capital Management LLC bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter valued at $6,598,000. Barclays PLC lifted its position in shares of Oaktree Specialty Lending by 2.1% during the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock valued at $1,725,000 after acquiring an additional 2,140 shares during the period. Finally, Adalta Capital Management LLC boosted its stake in Oaktree Specialty Lending by 12.0% during the third quarter. Adalta Capital Management LLC now owns 45,105 shares of the credit services provider's stock worth $736,000 after acquiring an additional 4,840 shares in the last quarter. 36.79% of the stock is owned by institutional investors.
Oaktree Specialty Lending Price Performance
NASDAQ OCSL remained flat at $15.68 on Friday. The company had a trading volume of 592,513 shares, compared to its average volume of 1,027,673. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average price of $15.67 and a two-hundred day moving average price of $16.43. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $21.64. The stock has a market capitalization of $1.29 billion, a PE ratio of 21.78 and a beta of 1.07.
Oaktree Specialty Lending Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.55 per share. The ex-dividend date was Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 14.03%. Oaktree Specialty Lending's dividend payout ratio is currently 305.56%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Oppenheimer reiterated a "market perform" rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a 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. Wells Fargo & Company reduced their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. B. Riley cut Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. Finally, JMP Securities lowered shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of "Hold" and a consensus price target of $16.75.
View Our Latest Report on Oaktree Specialty Lending
About Oaktree Specialty Lending
(
Free Report)
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.
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