Harbor Capital Advisors Inc. Increases Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Harbor Capital Advisors Inc. boosted its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 273.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,649 shares of the credit services provider’s stock after acquiring an additional 120,553 shares during the period. Harbor Capital Advisors Inc. owned 0.20% of Oaktree Specialty Lending worth $3,097,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OCSL. Melia Wealth LLC acquired a new position in Oaktree Specialty Lending in the 1st quarter valued at about $13,168,000. Cercano Management LLC acquired a new position in shares of Oaktree Specialty Lending in the 1st quarter worth approximately $8,659,000. Trinity Financial Advisors LLC lifted its holdings in shares of Oaktree Specialty Lending by 106.2% in the 4th quarter. Trinity Financial Advisors LLC now owns 484,890 shares of the credit services provider’s stock worth $9,901,000 after acquiring an additional 249,714 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Oaktree Specialty Lending by 10.1% in the 1st quarter. Van ECK Associates Corp now owns 1,557,877 shares of the credit services provider’s stock worth $30,628,000 after acquiring an additional 142,519 shares during the last quarter. Finally, Significant Wealth Partners LLC lifted its holdings in shares of Oaktree Specialty Lending by 217.9% in the 1st quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider’s stock worth $4,012,000 after acquiring an additional 139,881 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 0.1 %

Shares of NASDAQ:OCSL traded down $0.02 during trading hours on Wednesday, reaching $16.10. The stock had a trading volume of 618,733 shares, compared to its average volume of 680,837. Oaktree Specialty Lending Co. has a 1 year low of $15.56 and a 1 year high of $21.64. The firm’s 50 day moving average is $18.60 and its 200-day moving average is $19.31. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.24 and a current ratio of 0.24. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.03 and a beta of 1.09.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.66%. The ex-dividend date of this dividend is Monday, September 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 164.18%.

Analyst Ratings Changes

Several equities analysts have recently commented on OCSL shares. StockNews.com lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday. B. Riley cut their target price on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Oppenheimer downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Finally, Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.42.

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.