Prospera Financial Services Inc Sells 719 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Prospera Financial Services Inc lessened its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 5.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,566 shares of the credit services provider’s stock after selling 719 shares during the quarter. Prospera Financial Services Inc’s holdings in Oaktree Specialty Lending were worth $189,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after acquiring an additional 137,508 shares during the period. Bruni J V & Co. Co. boosted its position in shares of Oaktree Specialty Lending by 1.3% in the third quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock valued at $24,975,000 after acquiring an additional 19,790 shares during the period. Private Management Group Inc. boosted its position in shares of Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after acquiring an additional 672,561 shares during the period. Pinnacle Associates Ltd. boosted its position in shares of Oaktree Specialty Lending by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock valued at $9,515,000 after acquiring an additional 40,641 shares during the period. Finally, TMD Wealth Management LLC boosted its position in shares of Oaktree Specialty Lending by 16.0% in the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after acquiring an additional 78,404 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of analyst reports. Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Keefe, Bruyette & Woods dropped their target price on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company dropped their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Trading Up 1.1 %

OCSL stock opened at $16.02 on Tuesday. The company has a market capitalization of $1.32 billion, a PE ratio of 22.25 and a beta of 1.09. Oaktree Specialty Lending Co. has a one year low of $15.40 and a one year high of $21.64. The company’s 50 day moving average price is $16.15 and its two-hundred day moving average price is $17.40. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 13.73%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

About Oaktree Specialty Lending

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.