Barclays PLC Grows Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

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

A number of other institutional investors also recently bought and sold shares of the company. PFS Partners LLC raised its stake in shares of Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after buying an additional 1,660 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Oaktree Specialty Lending during the 2nd quarter valued at about $56,000. Sunbelt Securities Inc. raised 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 worth $127,000 after acquiring an additional 1,820 shares during the last quarter. Bfsg LLC lifted its holdings in shares of 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 purchasing an additional 5,576 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in shares of Oaktree Specialty Lending in the third quarter valued at approximately $175,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $14.96 on Friday. The business has a fifty day simple moving average of $15.71 and a 200-day simple moving average of $16.55. Oaktree Specialty Lending Co. has a 52 week low of $14.91 and a 52 week high of $21.64. The company has a market cap of $1.23 billion, a P/E ratio of 20.78 and a beta of 1.07. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on OCSL. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research report on Wednesday, December 11th. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Oppenheimer restated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Citizens Jmp cut Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reduced 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. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus 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.