Principal Street Partners LLC Purchases New Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Principal Street Partners LLC acquired a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,289 shares of the credit services provider’s stock, valued at approximately $478,000.

A number of other institutional investors and hedge funds have also made changes to their positions in OCSL. PFS Partners LLC boosted its position in shares of Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 1,660 shares in the last quarter. Security National Bank purchased a new position in Oaktree Specialty Lending during the second quarter valued at $42,000. Brown Brothers Harriman & Co. bought a new stake in Oaktree Specialty Lending in the second quarter worth $56,000. Sunbelt Securities Inc. grew its stake in shares of Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 1,820 shares during the last quarter. Finally, Bfsg LLC grew its stake in shares of Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 5,576 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods dropped 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 note on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company cut their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Finally, Oppenheimer restated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday. Eight equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

OCSL stock traded down $0.04 during trading on Tuesday, reaching $15.98. The stock had a trading volume of 20,028 shares, compared to its average volume of 662,647. The firm has a market cap of $1.31 billion, a PE ratio of 22.25 and a beta of 1.09. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The stock’s 50 day moving average is $16.15 and its two-hundred day moving average is $17.40. Oaktree Specialty Lending Co. has a 52 week low of $15.40 and a 52 week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 annualized dividend and a yield of 13.77%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

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.