United Advisor Group LLC Buys 19,665 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

United Advisor Group LLC grew its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 14.5% during the third quarter, HoldingsChannel.com reports. The firm owned 155,464 shares of the credit services provider’s stock after buying an additional 19,665 shares during the quarter. United Advisor Group LLC’s holdings in Oaktree Specialty Lending were worth $2,536,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending in the first quarter valued at approximately $624,000. Harbor Capital Advisors Inc. increased its holdings in Oaktree Specialty Lending by 273.4% during the second quarter. Harbor Capital Advisors Inc. now owns 164,649 shares of the credit services provider’s stock worth $3,097,000 after buying an additional 120,553 shares during the last quarter. Cetera Advisors LLC lifted its stake in Oaktree Specialty Lending by 286.4% in the first quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock valued at $988,000 after acquiring an additional 37,242 shares during the last quarter. Confluence Investment Management LLC grew its position in shares of Oaktree Specialty Lending by 220.5% in the 2nd quarter. Confluence Investment Management LLC now owns 120,283 shares of the credit services provider’s stock valued at $2,263,000 after acquiring an additional 82,751 shares during the period. Finally, TMD Wealth Management LLC boosted its holdings in shares of Oaktree Specialty Lending by 16.0% during the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after acquiring an additional 78,404 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $15.59 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.28 billion, a PE ratio of 17.92 and a beta of 1.09. The company has a 50 day moving average of $16.42 and a 200-day moving average of $17.81. Oaktree Specialty Lending Co. has a 1-year low of $15.56 and a 1-year high of $21.64.

Wall Street Analyst Weigh In

OCSL has been the subject of several research reports. JMP Securities dropped their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, July 30th. Wells Fargo & Company dropped their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Oppenheimer lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Friday, August 2nd. B. Riley lowered their target price on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.