Stifel Financial Corp Raises Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Stifel Financial Corp lifted its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 21.2% during the 3rd quarter, Holdings Channel reports. The fund owned 54,278 shares of the credit services provider’s stock after buying an additional 9,495 shares during the quarter. Stifel Financial Corp’s holdings in Oaktree Specialty Lending were worth $885,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of OCSL. PFS Partners LLC increased its holdings in shares of Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after buying an additional 1,660 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Oaktree Specialty Lending in the second quarter worth approximately $56,000. Sunbelt Securities Inc. increased its stake in Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 1,820 shares during the last quarter. Bfsg LLC raised its position in Oaktree Specialty Lending by 208.1% in the third 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 period. Finally, Catalina Capital Group LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at $178,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 1.7 %

Shares of NASDAQ OCSL opened at $15.24 on Wednesday. The stock has a market cap of $1.25 billion, a P/E ratio of 21.17 and a beta of 1.07. The business’s fifty day simple moving average is $16.02 and its 200-day simple moving average is $16.89. Oaktree Specialty Lending Co. has a 12-month low of $14.95 and a 12-month high of $21.64. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.44%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

Analysts Set New Price Targets

OCSL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Wells Fargo & Company dropped their price target 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. Oppenheimer restated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Keefe, Bruyette & Woods cut their target price 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. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock presently 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.