Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Acquired by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. grew its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 7.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 583,395 shares of the credit services provider's stock after buying an additional 40,641 shares during the quarter. Pinnacle Associates Ltd. owned 0.72% of Oaktree Specialty Lending worth $9,515,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in OCSL. Security National Bank acquired a new stake in Oaktree Specialty Lending in the 2nd quarter worth about $42,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Oaktree Specialty Lending during the second quarter worth approximately $56,000. Sunbelt Securities Inc. raised its stake in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock valued at $127,000 after purchasing an additional 1,820 shares during the last quarter. Bfsg LLC lifted its holdings in Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock valued at $135,000 after purchasing an additional 5,576 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in Oaktree Specialty Lending during the 1st quarter worth $210,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Down 1.0 %

Shares of NASDAQ:OCSL traded down $0.17 during midday trading on Thursday, reaching $16.22. 297,113 shares of the company's stock were exchanged, compared to its average volume of 659,642. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 18.64 and a beta of 1.09. Oaktree Specialty Lending Co. has a fifty-two week low of $15.56 and a fifty-two week high of $21.64. The firm's 50 day simple moving average is $16.45 and its two-hundred day simple moving average is $17.85. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by ($0.02). Oaktree Specialty Lending had a net margin of 17.21% and a return on equity of 12.03%. The company had revenue of $94.97 million during the quarter, compared to analysts' expectations of $99.35 million. As a group, sell-side analysts forecast that Oaktree Specialty Lending Co. will post 2.24 EPS for the current fiscal year.

Wall Street Analyst Weigh In

OCSL has been the topic of several research reports. Oppenheimer downgraded shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. B. Riley lowered their target price on Oaktree Specialty Lending from $18.50 to $17.00 and set a "neutral" rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their price objective on Oaktree Specialty Lending from $20.00 to $18.50 and set an "overweight" rating on the stock in a research note on Monday, July 29th. Finally, StockNews.com downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Oaktree Specialty Lending has an average rating of "Hold" and a consensus target price of $18.00.

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.