Sumitomo Mitsui Trust Group Inc. Raises Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 7.4% during the third quarter, Holdings Channel.com reports. The fund owned 200,670 shares of the credit services provider’s stock after acquiring an additional 13,883 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Oaktree Specialty Lending were worth $3,273,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. PFS Partners LLC grew its stake in shares of Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after acquiring an additional 1,660 shares during the last quarter. Security National Bank acquired a new stake in shares of Oaktree Specialty Lending during the second quarter worth about $42,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Oaktree Specialty Lending during the second quarter worth about $56,000. Sunbelt Securities Inc. lifted its holdings in shares of 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 purchasing an additional 1,820 shares during the period. Finally, Bfsg LLC lifted its holdings in shares of Oaktree Specialty Lending by 208.1% during the third 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 period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 0.7 %

Shares of NASDAQ:OCSL opened at $16.15 on Tuesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $1.33 billion, a PE ratio of 18.56 and a beta of 1.09. The business has a 50 day moving average of $16.21 and a two-hundred day moving average of $17.52. Oaktree Specialty Lending Co. has a 12-month low of $15.55 and a 12-month high of $21.64.

Analysts Set New Price Targets

A number of research firms recently commented on OCSL. Wells Fargo & Company decreased their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. JMP Securities decreased their target price on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, July 30th. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. decreased their price target on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.