Everpar Advisors LLC Decreases Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Everpar Advisors LLC lessened its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 60.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 22,613 shares of the credit services provider's stock after selling 34,965 shares during the period. Everpar Advisors LLC's holdings in Oaktree Specialty Lending were worth $346,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Private Management Group Inc. increased its position in Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider's stock valued at $22,958,000 after purchasing an additional 672,561 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the third quarter worth $6,598,000. Harbor Capital Advisors Inc. raised its stake in Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider's stock worth $6,664,000 after buying an additional 243,963 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of Oaktree Specialty Lending in the 3rd quarter worth about $2,849,000. Finally, Van ECK Associates Corp increased its holdings in Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider's stock worth $32,567,000 after purchasing an additional 137,508 shares in the last quarter. Institutional investors own 36.79% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. B. Riley downgraded Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. Finally, 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 note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL remained flat at $15.68 during mid-day trading on Friday. The company had a trading volume of 592,513 shares, compared to its average volume of 1,027,673. The firm's 50-day moving average price is $15.67 and its 200-day moving average price is $16.45. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $21.64. The stock has a market cap of $1.29 billion, a PE ratio of 21.78 and a beta of 1.07. 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 company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.03%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending's payout ratio is currently 305.56%.

Oaktree Specialty Lending Company 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.