Financial Strategies Group Inc. Has $559,000 Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Financial Strategies Group Inc. boosted its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 32.7% during the fourth quarter, Holdings Channel reports. The fund owned 37,388 shares of the credit services provider’s stock after purchasing an additional 9,207 shares during the period. Financial Strategies Group Inc.’s holdings in Oaktree Specialty Lending were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. PFS Partners LLC raised its stake in 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 valued at $32,000 after acquiring an additional 1,660 shares during the period. Spire Wealth Management bought a new position in Oaktree Specialty Lending during the 4th quarter worth $68,000. Geneos Wealth Management Inc. bought a new position in Oaktree Specialty Lending during the 4th quarter worth $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the 4th quarter worth $106,000. Finally, EMC Capital Management increased its position in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after buying an additional 3,026 shares during the period. Institutional investors own 36.79% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a research report on Wednesday, December 11th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Oppenheimer restated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Wells Fargo & Company decreased their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods decreased their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. One 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.com, the stock has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $16.00 on Monday. The stock’s 50-day simple moving average is $15.64 and its 200 day simple moving average is $16.22. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $21.49. The firm has a market capitalization of $1.32 billion, a PE ratio of 22.22 and a beta of 1.08. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62.

Oaktree Specialty Lending Dividend Announcement

The company 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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.75%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s 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.