Jane Street Group LLC Reduces Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Jane Street Group LLC lowered its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 70.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,126 shares of the credit services provider’s stock after selling 33,576 shares during the period. Jane Street Group LLC’s holdings in Oaktree Specialty Lending were worth $230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Cornerstone Wealth Management LLC lifted its stake in shares of Oaktree Specialty Lending by 4.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock valued at $259,000 after purchasing an additional 730 shares during the period. Integrated Advisors Network LLC lifted its stake in shares of Oaktree Specialty Lending by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock valued at $372,000 after purchasing an additional 826 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock valued at $309,000 after purchasing an additional 998 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Oaktree Specialty Lending by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock valued at $464,000 after purchasing an additional 1,030 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Oaktree Specialty Lending by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock valued at $224,000 after purchasing an additional 1,194 shares during the period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on OCSL. Keefe, Bruyette & Woods lowered their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. Wells Fargo & Company lowered their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Stock Down 0.5 %

Oaktree Specialty Lending stock opened at $14.96 on Friday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 20.78 and a beta of 1.07. The stock has a fifty day simple moving average of $15.71 and a two-hundred day simple moving average of $16.55. Oaktree Specialty Lending Co. has a 12 month low of $14.91 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.71%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s payout ratio is 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.