Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC increased its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 8,957.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,709 shares of the credit services provider’s stock after buying an additional 53,116 shares during the period. International Assets Investment Management LLC owned about 0.07% of Oaktree Specialty Lending worth $876,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC grew its stake in Oaktree Specialty Lending by 4.8% during the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after buying an additional 730 shares during the period. ProShare Advisors LLC lifted its holdings in Oaktree Specialty Lending by 11.2% in the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock worth $224,000 after acquiring an additional 1,194 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Oaktree Specialty Lending by 6.2% in the 2nd quarter. Truist Financial Corp now owns 22,357 shares of the credit services provider’s stock worth $421,000 after acquiring an additional 1,303 shares during the period. Sunbelt Securities Inc. increased its position in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 1,820 shares during the period. Finally, Commonwealth Equity Services LLC lifted its stake in shares of Oaktree Specialty Lending by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 113,569 shares of the credit services provider’s stock worth $2,136,000 after acquiring an additional 2,094 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on OCSL. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. B. Riley dropped their price objective on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company dropped their price target on 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. Finally, JMP Securities lowered their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.00.

Oaktree Specialty Lending Stock Down 2.3 %

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

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.