Harbor Capital Advisors Inc. Boosts Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Harbor Capital Advisors Inc. boosted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 148.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 408,612 shares of the credit services provider's stock after acquiring an additional 243,963 shares during the quarter. Harbor Capital Advisors Inc. owned 0.50% of Oaktree Specialty Lending worth $6,664,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OCSL. SG Americas Securities LLC acquired a new stake in Oaktree Specialty Lending in the first quarter valued at approximately $624,000. Significant Wealth Partners LLC grew its holdings in Oaktree Specialty Lending by 217.9% in the first quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider's stock valued at $4,012,000 after purchasing an additional 139,881 shares during the period. Arnhold LLC grew its holdings in Oaktree Specialty Lending by 9.0% in the first quarter. Arnhold LLC now owns 36,406 shares of the credit services provider's stock valued at $716,000 after purchasing an additional 3,000 shares during the period. ProShare Advisors LLC acquired a new stake in Oaktree Specialty Lending in the first quarter valued at approximately $210,000. Finally, Entropy Technologies LP grew its holdings in Oaktree Specialty Lending by 29.8% in the first quarter. Entropy Technologies LP now owns 35,427 shares of the credit services provider's stock valued at $696,000 after purchasing an additional 8,137 shares during the period. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Trading Down 1.6 %

Oaktree Specialty Lending stock traded down $0.26 during trading on Friday, reaching $15.96. 601,470 shares of the company were exchanged, compared to its average volume of 497,594. Oaktree Specialty Lending Co. has a 52-week low of $15.56 and a 52-week high of $21.64. The company has a market capitalization of $1.31 billion, a P/E ratio of 18.34 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The stock's 50 day simple moving average is $16.42 and its two-hundred day simple moving average is $17.82.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. B. Riley dropped their price objective 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. JMP Securities lowered their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a "market outperform" rating on the stock in a research note on Tuesday, July 30th. StockNews.com lowered Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. Oppenheimer lowered Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $18.00.

About Oaktree Specialty Lending

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.