Advisors Asset Management Inc. Raises Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Advisors Asset Management Inc. increased its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 5.8% in the third quarter, HoldingsChannel reports. The firm owned 217,321 shares of the credit services provider’s stock after buying an additional 11,841 shares during the quarter. Advisors Asset Management Inc.’s holdings in Oaktree Specialty Lending were worth $3,545,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. grew its holdings in shares of 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 in the last quarter. Cetera Advisors LLC raised its holdings in Oaktree Specialty Lending by 286.4% in the 1st 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 lifted its stake in shares of Oaktree Specialty Lending by 220.5% during the 2nd quarter. Confluence Investment Management LLC now owns 120,283 shares of the credit services provider’s stock worth $2,263,000 after purchasing an additional 82,751 shares during the period. 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 purchasing an additional 78,404 shares during the last quarter. Finally, Private Management Group Inc. grew its position in shares of Oaktree Specialty Lending by 91.5% in the third 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. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 1.9 %

Shares of OCSL opened at $15.85 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. Oaktree Specialty Lending Co. has a one year low of $15.40 and a one year high of $21.64. The stock has a 50-day moving average price of $16.15 and a 200 day moving average price of $17.45. The company has a market capitalization of $1.30 billion, a P/E ratio of 22.01 and a beta of 1.09.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.88%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Wall Street Analyst Weigh In

OCSL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday. Wells Fargo & Company lowered their target price 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. B. Riley cut their target price on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.75.

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.