Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Bought by PFS Partners LLC

PFS Partners LLC grew its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 601.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,936 shares of the credit services provider’s stock after purchasing an additional 1,660 shares during the period. PFS Partners LLC’s holdings in Oaktree Specialty Lending were worth $32,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in Oaktree Specialty Lending during the 1st quarter worth approximately $624,000. Significant Wealth Partners LLC raised its position in Oaktree Specialty Lending by 217.9% in the first 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 in the last quarter. Arnhold LLC lifted its holdings in Oaktree Specialty Lending by 9.0% in the first quarter. Arnhold LLC now owns 36,406 shares of the credit services provider’s stock valued at $716,000 after acquiring an additional 3,000 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth $210,000. Finally, Entropy Technologies LP grew its stake in shares of Oaktree Specialty Lending by 29.8% during the 1st quarter. Entropy Technologies LP now owns 35,427 shares of the credit services provider’s stock worth $696,000 after purchasing an additional 8,137 shares during the period. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 0.8 %

NASDAQ:OCSL opened at $16.07 on Friday. The business’s 50-day moving average is $16.31 and its two-hundred day moving average is $17.70. The firm has a market capitalization of $1.32 billion, a PE ratio of 18.47 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. Oaktree Specialty Lending Co. has a 12 month low of $15.55 and a 12 month high of $21.64.

Wall Street Analyst Weigh In

OCSL has been the subject of a number of research analyst reports. JMP Securities dropped their target price on shares of 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. Oppenheimer downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Friday, August 2nd. B. Riley reduced their price target on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their target price on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.