Barclays PLC Has $1.73 Million Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Barclays PLC raised its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 2.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 105,766 shares of the credit services provider’s stock after purchasing an additional 2,140 shares during the period. Barclays PLC’s holdings in Oaktree Specialty Lending were worth $1,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in OCSL. Allspring Global Investments Holdings LLC grew its stake in shares of Oaktree Specialty Lending by 8.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 258,591 shares of the credit services provider’s stock valued at $4,864,000 after acquiring an additional 19,323 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Oaktree Specialty Lending by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 113,569 shares of the credit services provider’s stock valued at $2,136,000 after purchasing an additional 2,094 shares during the period. Van ECK Associates Corp boosted its holdings in Oaktree Specialty Lending by 21.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after purchasing an additional 327,416 shares during the period. Mandatum Life Insurance Co Ltd grew its position in shares of Oaktree Specialty Lending by 60.0% during the 2nd quarter. Mandatum Life Insurance Co Ltd now owns 20,230 shares of the credit services provider’s stock worth $381,000 after purchasing an additional 7,588 shares in the last quarter. Finally, GraniteShares Advisors LLC increased its holdings in shares of Oaktree Specialty Lending by 14.2% during the second quarter. GraniteShares Advisors LLC now owns 93,963 shares of the credit services provider’s stock worth $1,767,000 after purchasing an additional 11,719 shares during the period. Institutional investors own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending 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. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Finally, Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $15.26 on Friday. Oaktree Specialty Lending Co. has a twelve month low of $14.95 and a twelve month high of $21.64. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The stock’s 50-day simple moving average is $15.93 and its 200 day simple moving average is $16.83. The firm has a market capitalization of $1.26 billion, a PE ratio of 21.19 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

The business 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. The ex-dividend date is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.42%. Oaktree Specialty Lending’s payout ratio is currently 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.