Jane Street Group LLC Decreases Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Jane Street Group LLC lowered its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 70.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,126 shares of the credit services provider's stock after selling 33,576 shares during the quarter. Jane Street Group LLC's holdings in Oaktree Specialty Lending were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. TMD Wealth Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 16.0% in the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider's stock valued at $10,679,000 after purchasing an additional 78,404 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $56,000. MRP Capital Investments LLC acquired a new stake in shares of Oaktree Specialty Lending in the second quarter valued at approximately $815,000. ProShare Advisors LLC boosted its holdings in shares of Oaktree Specialty Lending by 11.2% in the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider's stock valued at $224,000 after acquiring an additional 1,194 shares during the period. Finally, Gabelli Funds LLC grew its position in shares of Oaktree Specialty Lending by 2.9% during the second quarter. Gabelli Funds LLC now owns 173,213 shares of the credit services provider's stock worth $3,258,000 after acquiring an additional 4,838 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OCSL. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Wells Fargo & Company decreased their target price 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. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 20th. B. Riley cut Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price objective for the company. in a research report on Wednesday, December 11th. Finally, JMP Securities downgraded Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and a consensus target price of $16.75.

Oaktree Specialty Lending Price Performance

NASDAQ:OCSL traded down $0.08 during trading hours on Friday, hitting $14.96. The company's stock had a trading volume of 643,782 shares, compared to its average volume of 542,314. The company has a market capitalization of $1.23 billion, a PE ratio of 20.78 and a beta of 1.07. Oaktree Specialty Lending Co. has a 52-week low of $14.91 and a 52-week high of $21.64. The business's 50-day moving average is $15.71 and its two-hundred day moving average is $16.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 14.71%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending's dividend payout ratio is currently 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.