JPMorgan Chase & Co. reduced its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 58.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,923 shares of the credit services provider's stock after selling 114,669 shares during the quarter. JPMorgan Chase & Co. owned 0.10% of Oaktree Specialty Lending worth $1,320,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in OCSL. PFS Partners LLC grew its position in Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock worth $32,000 after acquiring an additional 1,660 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock worth $127,000 after purchasing an additional 1,820 shares in the last quarter. Bfsg LLC grew its holdings in shares of Oaktree Specialty Lending by 208.1% during the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock worth $135,000 after purchasing an additional 5,576 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Oaktree Specialty Lending in the third quarter valued at $175,000. Finally, Catalina Capital Group LLC bought a new position in shares of Oaktree Specialty Lending in the third quarter valued at about $178,000. 36.79% of the stock is owned by institutional investors.
Oaktree Specialty Lending Trading Up 0.2 %
Shares of OCSL stock traded up $0.03 during trading hours on Friday, reaching $15.67. The company had a trading volume of 407,813 shares, compared to its average volume of 578,884. Oaktree Specialty Lending Co. has a 1-year low of $14.89 and a 1-year high of $21.56. 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 cap of $1.29 billion, a price-to-earnings ratio of 21.76 and a beta of 1.07. The company has a 50 day moving average of $15.64 and a 200 day moving average of $16.34.
Oaktree Specialty Lending Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders 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 14.04%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 305.56%.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. 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 report on Wednesday, December 11th. Keefe, Bruyette & Woods lowered their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a report on Wednesday, November 20th. StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. Citizens Jmp lowered Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Finally, Oppenheimer restated 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. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $16.75.
Get Our Latest Analysis on OCSL
Oaktree Specialty Lending Profile
(
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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