Chicago Partners Investment Group LLC Sells 5,271 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Chicago Partners Investment Group LLC lowered its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 18.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,567 shares of the credit services provider’s stock after selling 5,271 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Oaktree Specialty Lending were worth $354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in OCSL. Van ECK Associates Corp grew its holdings in Oaktree Specialty Lending by 7.3% during 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 buying an additional 137,508 shares in the last quarter. Bruni J V & Co. Co. boosted its position in shares of Oaktree Specialty Lending by 1.3% during the third quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock worth $24,975,000 after acquiring an additional 19,790 shares during the last quarter. Private Management Group Inc. grew its stake in Oaktree Specialty Lending by 91.5% during 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 acquiring an additional 672,561 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Oaktree Specialty Lending by 7.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock valued at $9,515,000 after acquiring an additional 40,641 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in 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 purchasing an additional 243,963 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Wells Fargo & Company decreased their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Keefe, Bruyette & Woods reduced their price target on shares of 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. 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, JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. One 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, Oaktree Specialty Lending has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Trading Down 2.8 %

Shares of NASDAQ OCSL opened at $15.51 on Wednesday. The business’s 50 day moving average price is $15.63 and its 200-day moving average price is $16.19. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $20.43. 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 company has a market cap of $1.28 billion, a price-to-earnings ratio of 21.54 and a beta of 1.08.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 15.17% and a return on equity of 11.91%. The firm had revenue of $86.65 million for the quarter, compared to analysts’ expectations of $91.93 million. During the same period in the prior year, the business posted $0.57 earnings per share. The business’s revenue for the quarter was down 11.6% on a year-over-year basis. On average, sell-side analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.55 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.18%. Oaktree Specialty Lending’s payout ratio is 305.56%.

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.