Stifel Financial Corp Increases Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Stifel Financial Corp boosted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 21.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,278 shares of the credit services provider’s stock after buying an additional 9,495 shares during the quarter. Stifel Financial Corp owned approximately 0.07% of Oaktree Specialty Lending worth $885,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. PFS Partners LLC lifted its position in shares of Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after buying an additional 1,660 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $56,000. Sunbelt Securities Inc. lifted its position in Oaktree Specialty Lending by 37.0% during the second 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 last quarter. Bfsg LLC boosted its stake in Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after acquiring an additional 5,576 shares in the last quarter. Finally, Catalina Capital Group LLC purchased a new position in Oaktree Specialty Lending in the third quarter worth $178,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 1.7 %

NASDAQ OCSL opened at $15.24 on Wednesday. The business has a fifty day moving average price of $16.02 and a 200 day moving average price of $16.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $1.25 billion, a P/E ratio of 21.17 and a beta of 1.07. Oaktree Specialty Lending Co. has a one year low of $14.95 and a one year high of $21.64.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 14.44%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OCSL. Oppenheimer reiterated a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Finally, 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. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending 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.