Hennion & Walsh Asset Management Inc. Trims Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Hennion & Walsh Asset Management Inc. lessened its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 14.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 174,090 shares of the credit services provider’s stock after selling 29,139 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Oaktree Specialty Lending were worth $2,660,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after purchasing an additional 672,561 shares during the period. Rivernorth Capital Management LLC bought a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth $6,598,000. Harbor Capital Advisors Inc. increased its stake 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 valued at $6,664,000 after buying an additional 243,963 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Oaktree Specialty Lending in the third quarter valued at about $2,849,000. Finally, Van ECK Associates Corp raised its holdings in shares of Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after acquiring an additional 137,508 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Wall Street Analyst Weigh In

OCSL has been the topic of a number of research reports. Oppenheimer reissued a “market perform” rating and set a $18.00 target price on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. 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 report on Wednesday, November 20th. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reduced their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. One equities 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, the stock presently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Up 1.6 %

Shares of OCSL stock opened at $15.68 on Friday. The stock’s fifty day moving average price is $15.68 and its 200 day moving average price is $16.47. Oaktree Specialty Lending Co. has a 1-year low of $14.89 and a 1-year high of $21.64. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 21.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.03%. 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.