Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 28.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,467 shares of the credit services provider’s stock after selling 4,076 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Oaktree Specialty Lending were worth $171,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Oaktree Specialty Lending by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after purchasing an additional 137,508 shares in the last quarter. Private Management Group Inc. increased its holdings in shares of Oaktree Specialty Lending by 91.5% in 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 in the last quarter. Pinnacle Associates Ltd. increased its holdings in shares of Oaktree Specialty Lending by 7.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock valued at $9,515,000 after purchasing an additional 40,641 shares in the last quarter. TMD Wealth Management LLC increased its holdings in shares of Oaktree Specialty Lending by 16.0% in the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after purchasing an additional 78,404 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Oaktree Specialty Lending by 148.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after purchasing an additional 243,963 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

OCSL has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday. Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Oppenheimer reissued a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday. Wells Fargo & Company lowered their price objective on shares of 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. Finally, JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $15.85 on Friday. Oaktree Specialty Lending Co. has a 12-month low of $15.40 and a 12-month high of $21.64. The stock has a market capitalization of $1.30 billion, a P/E ratio of 22.01 and a beta of 1.09. The firm’s 50-day moving average is $16.15 and its two-hundred day moving average is $17.44. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.17.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.88%. Oaktree Specialty Lending’s dividend 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.