Everpar Advisors LLC Has $346,000 Stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Everpar Advisors LLC reduced its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 60.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,613 shares of the credit services provider’s stock after selling 34,965 shares during the quarter. Everpar Advisors LLC’s holdings in Oaktree Specialty Lending were worth $346,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Private Management Group Inc. increased its position in Oaktree Specialty Lending by 91.5% during the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after acquiring an additional 672,561 shares during the period. Rivernorth Capital Management LLC acquired a new stake in Oaktree Specialty Lending in the 3rd quarter worth $6,598,000. Harbor Capital Advisors Inc. increased its stake in 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 acquiring an additional 243,963 shares during the period. Kovitz Investment Group Partners LLC acquired a new position in Oaktree Specialty Lending in the 3rd quarter valued at approximately $2,849,000. Finally, Van ECK Associates Corp lifted its position in shares of Oaktree Specialty Lending by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock worth $32,567,000 after acquiring an additional 137,508 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OCSL. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. Oppenheimer reissued a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Finally, Wells Fargo & Company reduced their target price on shares of 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. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $15.68 on Friday. The business’s fifty day moving average is $15.68 and its two-hundred day moving average is $16.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market cap of $1.29 billion, a P/E ratio of 21.78 and a beta of 1.07. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 annualized dividend and a yield of 14.03%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

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.