Y Intercept Hong Kong Ltd Purchases New Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Y Intercept Hong Kong Ltd acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 31,143 shares of the credit services provider’s stock, valued at approximately $508,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. PFS Partners LLC boosted its stake in shares of Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 1,660 shares in the last quarter. Security National Bank bought a new position in Oaktree Specialty Lending in the 2nd quarter valued at approximately $42,000. Brown Brothers Harriman & Co. bought a new position in Oaktree Specialty Lending in the 2nd quarter valued at approximately $56,000. Sunbelt Securities Inc. boosted its position in Oaktree Specialty Lending by 37.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after buying an additional 1,820 shares during the period. Finally, Bfsg LLC grew its holdings in Oaktree Specialty Lending by 208.1% during the 3rd 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 and hedge funds own 36.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on OCSL shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Tuesday, December 10th. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer restated a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $16.04 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 22.28 and a beta of 1.07. The company’s fifty day simple moving average is $16.18 and its 200 day simple moving average is $17.11. Oaktree Specialty Lending Co. has a 12-month low of $15.40 and a 12-month high of $21.64.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.72%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio 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.