Barclays PLC Purchases 2,140 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Barclays PLC grew its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 105,766 shares of the credit services provider’s stock after acquiring an additional 2,140 shares during the quarter. Barclays PLC owned 0.13% of Oaktree Specialty Lending worth $1,725,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Kovitz Investment Group Partners LLC acquired a new position in Oaktree Specialty Lending during the third quarter worth $2,849,000. TMD Wealth Management LLC lifted its position in Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after buying an additional 78,404 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after buying an additional 672,561 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Oaktree Specialty Lending by 21.2% in the 3rd 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 in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Oaktree Specialty Lending by 21.0% in the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after acquiring an additional 327,416 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on OCSL. Wells Fargo & Company decreased their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods lowered their target price on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a research note on Wednesday, December 11th. Finally, JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Trading Up 0.3 %

OCSL stock opened at $15.26 on Friday. Oaktree Specialty Lending Co. has a one year low of $14.95 and a one year high of $21.64. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 21.19 and a beta of 1.07. The company has a fifty day moving average price of $15.93 and a two-hundred day moving average price of $16.83. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 14.42%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s payout ratio is 305.56%.

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.