Geneos Wealth Management Inc. Makes New Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Geneos Wealth Management Inc. acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,061 shares of the credit services provider’s stock, valued at approximately $93,000.

Other institutional investors have also modified their holdings of the company. Private Management Group Inc. grew its position in shares of Oaktree Specialty Lending by 91.5% in the 3rd 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 during the last quarter. Rivernorth Capital Management LLC purchased a new position in shares of Oaktree Specialty Lending during the third quarter worth about $6,598,000. Harbor Capital Advisors Inc. increased its position in shares of Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock worth $6,664,000 after purchasing an additional 243,963 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new stake in shares of Oaktree Specialty Lending in the 3rd quarter valued at about $2,849,000. Finally, Van ECK Associates Corp boosted its position in shares of Oaktree Specialty Lending by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after purchasing an additional 137,508 shares during the period. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Up 1.0 %

OCSL stock opened at $16.00 on Friday. The company has a 50 day moving average price of $15.64 and a two-hundred day moving average price of $16.25. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $1.32 billion, a P/E ratio of 22.22 and a beta of 1.07. Oaktree Specialty Lending Co. has a one year low of $14.89 and a one year high of $21.49.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.75%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on OCSL shares. Wells Fargo & Company decreased their price objective 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. 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. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Wednesday, December 11th. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat, Oaktree Specialty Lending currently has an average rating of “Hold” and a consensus price target of $16.75.

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.