Rezny Wealth Management Inc. Buys 16,544 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Rezny Wealth Management Inc. grew its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 274,035 shares of the credit services provider’s stock after acquiring an additional 16,544 shares during the period. Oaktree Specialty Lending accounts for 1.0% of Rezny Wealth Management Inc.’s holdings, making the stock its 12th largest position. Rezny Wealth Management Inc.’s holdings in Oaktree Specialty Lending were worth $4,187,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in OCSL. Mandatum Life Insurance Co Ltd lifted its holdings in shares of Oaktree Specialty Lending by 2.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock worth $564,000 after buying an additional 830 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in Oaktree Specialty Lending in the 4th quarter worth about $270,000. Confluence Investment Management LLC boosted its holdings in Oaktree Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock valued at $1,993,000 after purchasing an additional 689 shares during the period. Rivernorth Capital Management LLC acquired a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth approximately $6,598,000. Finally, Barclays PLC increased its holdings in shares of Oaktree Specialty Lending by 2.1% during the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after purchasing an additional 2,140 shares during the period. Institutional investors own 36.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on OCSL shares. Oppenheimer reiterated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Wells Fargo & Company cut their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods cut 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 report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, Oaktree Specialty Lending has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock opened at $15.68 on Tuesday. The business has a fifty day simple moving average of $15.66 and a 200 day simple moving average of $16.39. The company has a market cap of $1.29 billion, a P/E ratio of 21.78 and a beta of 1.07. 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 Co. has a twelve month low of $14.89 and a twelve month high of $21.64.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.55 dividend. 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 dividend payout ratio (DPR) is currently 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.