Kovitz Investment Group Partners LLC acquired a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm acquired 174,698 shares of the credit services provider's stock, valued at approximately $2,849,000. Kovitz Investment Group Partners LLC owned approximately 0.21% of Oaktree Specialty Lending at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Stifel Financial Corp grew its position in shares of Oaktree Specialty Lending by 21.2% during the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock valued at $885,000 after purchasing an additional 9,495 shares in the last quarter. Paloma Partners Management Co purchased a new position in Oaktree Specialty Lending during the 3rd quarter valued at approximately $348,000. FORA Capital LLC bought a new stake in Oaktree Specialty Lending in the 3rd quarter worth approximately $242,000. Principal Street Partners LLC bought a new stake in Oaktree Specialty Lending in the 3rd quarter worth approximately $478,000. Finally, Independent Advisor Alliance raised its holdings in shares of Oaktree Specialty Lending by 6.9% during the 3rd quarter. Independent Advisor Alliance now owns 196,649 shares of the credit services provider's stock worth $3,207,000 after acquiring an additional 12,684 shares in the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on OCSL shares. StockNews.com lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Tuesday. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. 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. Wells Fargo & Company lowered their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Finally, B. Riley decreased their price objective on Oaktree Specialty Lending from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of "Hold" and an average target price of $16.75.
Read Our Latest Research Report on Oaktree Specialty Lending
Oaktree Specialty Lending Trading Down 0.2 %
Oaktree Specialty Lending stock traded down $0.04 during midday trading on Tuesday, reaching $16.33. The stock had a trading volume of 724,539 shares, compared to its average volume of 662,353. 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 firm has a market cap of $1.34 billion, a price-to-earnings ratio of 22.74 and a beta of 1.07. Oaktree Specialty Lending Co. has a 52-week low of $15.40 and a 52-week high of $21.64. The company has a fifty day moving average of $16.19 and a 200 day moving average of $17.19.
Oaktree Specialty Lending Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.47%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending's dividend payout ratio is currently 305.56%.
Oaktree Specialty Lending Company 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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