HighTower Advisors LLC Has $2.30 Million Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

HighTower Advisors LLC cut its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 17.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 141,077 shares of the credit services provider’s stock after selling 30,126 shares during the quarter. HighTower Advisors LLC owned approximately 0.17% of Oaktree Specialty Lending worth $2,302,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Private Management Group Inc. boosted its position in 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 buying an additional 672,561 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Oaktree Specialty Lending by 21.0% in the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after acquiring an additional 327,416 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Oaktree Specialty Lending by 148.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock worth $6,664,000 after acquiring an additional 243,963 shares in the last quarter. TrueMark Investments LLC bought a new stake in Oaktree Specialty Lending during the 2nd quarter worth approximately $4,243,000. Finally, TMD Wealth Management LLC increased its holdings in Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after purchasing an additional 78,404 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 1.2 %

Shares of NASDAQ:OCSL opened at $16.04 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 22.28 and a beta of 1.07. The company has a 50 day moving average of $16.18 and a 200-day moving average of $17.14. Oaktree Specialty Lending Co. has a one year low of $15.40 and a one year high of $21.64.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.72%. The ex-dividend date of this dividend is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

Wall Street Analyst Weigh In

OCSL has been the subject of several research analyst reports. 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. StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Tuesday. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. 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. Finally, Wells Fargo & Company decreased their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $16.75.

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.