Confluence Investment Management LLC Boosts Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Confluence Investment Management LLC lifted its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 130,410 shares of the credit services provider’s stock after purchasing an additional 689 shares during the quarter. Confluence Investment Management LLC owned approximately 0.16% of Oaktree Specialty Lending worth $1,993,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its holdings in shares of Oaktree Specialty Lending by 601.4% in the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 1,660 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Oaktree Specialty Lending during the 2nd quarter worth $56,000. Sunbelt Securities Inc. boosted its stake in 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 worth $127,000 after purchasing an additional 1,820 shares during the period. Bfsg LLC grew its position in Oaktree Specialty Lending by 208.1% during the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after purchasing an additional 5,576 shares during the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of Oaktree Specialty Lending in the third quarter valued at about $175,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 0.2 %

Oaktree Specialty Lending stock opened at $15.31 on Friday. The stock’s 50 day moving average price is $15.85 and its 200 day moving average price is $16.72. The company has a market cap of $1.26 billion, a PE ratio of 21.26 and a beta of 1.07. 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 Co. has a 1-year low of $14.95 and a 1-year high of $21.64.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.37%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Wall Street Analyst Weigh In

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