Kovitz Investment Group Partners LLC Makes New $2.85 Million Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Kovitz Investment Group Partners LLC acquired a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLFree Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 174,698 shares of the credit services provider’s stock, valued at approximately $2,849,000. Kovitz Investment Group Partners LLC owned 0.21% of Oaktree Specialty Lending as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Stifel Financial Corp boosted its holdings in Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after acquiring an additional 9,495 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Oaktree Specialty Lending in the 3rd quarter worth about $348,000. FORA Capital LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at about $242,000. Principal Street Partners LLC purchased a new stake in shares of Oaktree Specialty Lending during the 3rd quarter worth about $478,000. Finally, Independent Advisor Alliance grew 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 purchasing an additional 12,684 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OCSL shares. Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods cut their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company reduced their price objective 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 equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.75.

View Our Latest Research Report on Oaktree Specialty Lending

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $16.37 on Tuesday. Oaktree Specialty Lending Co. has a 12-month low of $15.40 and a 12-month high of $21.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.74 and a beta of 1.07. The firm’s fifty day moving average price is $16.19 and its 200 day moving average price is $17.19.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.44%. The ex-dividend date of this dividend is Monday, December 16th. Oaktree Specialty Lending’s payout ratio is 305.56%.

About Oaktree Specialty Lending

(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.

Further Reading

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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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