Jane Street Group LLC Sells 33,576 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Jane Street Group LLC reduced its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 70.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,126 shares of the credit services provider’s stock after selling 33,576 shares during the quarter. Jane Street Group LLC’s holdings in Oaktree Specialty Lending were worth $230,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. PFS Partners LLC increased its stake in Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after acquiring 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 valued at about $56,000. Sunbelt Securities Inc. increased its position in shares of Oaktree Specialty Lending by 37.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 1,820 shares during the last quarter. Bfsg LLC increased its position in shares of Oaktree Specialty Lending by 208.1% during the 3rd 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 during the last quarter. Finally, Catalina Capital Group LLC bought a new position in shares of Oaktree Specialty Lending during the 3rd quarter valued at about $178,000. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Trading Down 0.5 %

NASDAQ OCSL opened at $14.96 on Friday. Oaktree Specialty Lending Co. has a fifty-two week low of $14.91 and a fifty-two week high of $21.64. 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 stock has a 50 day simple moving average of $15.71 and a two-hundred day simple moving average of $16.55. The stock has a market cap of $1.23 billion, a P/E ratio of 20.78 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 14.71%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 305.56%.

Analysts Set New Price Targets

Several equities analysts have recently commented on OCSL shares. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reduced their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and an average target price 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.