Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,090 shares of the credit services provider's stock after selling 29,139 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.21% of Oaktree Specialty Lending worth $2,660,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in OCSL. Brown Brothers Harriman & Co. purchased a new position in Oaktree Specialty Lending in the second quarter valued at about $56,000. MRP Capital Investments LLC purchased a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $815,000. ProShare Advisors LLC increased its stake in shares of Oaktree Specialty Lending by 11.2% during the 2nd quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider's stock worth $224,000 after purchasing an additional 1,194 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Oaktree Specialty Lending by 2.9% during the 2nd quarter. Gabelli Funds LLC now owns 173,213 shares of the credit services provider's stock worth $3,258,000 after purchasing an additional 4,838 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc increased its stake in shares of Oaktree Specialty Lending by 5.1% during the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 108,537 shares of the credit services provider's stock worth $2,042,000 after purchasing an additional 5,275 shares in the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on OCSL. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. Citizens Jmp cut shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday, November 20th. B. Riley cut shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price objective on shares of 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. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat.com, Oaktree Specialty Lending has an average rating of "Hold" and an average target price of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL remained flat at $15.68 during mid-day trading on Friday. 592,413 shares of the company were exchanged, compared to its average volume of 512,575. Oaktree Specialty Lending Co. has a 1 year low of $14.89 and a 1 year high of $21.64. The firm's fifty day simple moving average is $15.68 and its two-hundred day simple moving average is $16.47. The firm has a market capitalization of $1.29 billion, a PE ratio of 21.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.03%. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 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.