10,700 Shares in Oaktree Specialty Lending Co. (NASDAQ:OCSL) Bought by Kelleher Financial Advisors

Kelleher Financial Advisors acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,700 shares of the credit services provider’s stock, valued at approximately $164,000.

Several other institutional investors and hedge funds have also modified their holdings of OCSL. ProShare Advisors LLC increased its holdings in Oaktree Specialty Lending by 11.2% in the 2nd quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 1,194 shares in the last quarter. Gabelli Funds LLC increased its holdings in Oaktree Specialty Lending by 2.9% in the 2nd quarter. Gabelli Funds LLC now owns 173,213 shares of the credit services provider’s stock worth $3,258,000 after purchasing an additional 4,838 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc increased its holdings in Oaktree Specialty Lending by 5.1% in the 2nd quarter. Texas Capital Bank Wealth Management Services Inc now owns 108,537 shares of the credit services provider’s stock worth $2,042,000 after purchasing an additional 5,275 shares in the last quarter. Creative Planning increased its holdings in Oaktree Specialty Lending by 11.1% in the 2nd quarter. Creative Planning now owns 45,376 shares of the credit services provider’s stock worth $854,000 after purchasing an additional 4,544 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its holdings in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after purchasing an additional 1,820 shares in the last quarter. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Stock Down 0.8 %

OCSL stock opened at $15.59 on Thursday. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $21.64. 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 stock’s 50 day moving average is $15.65 and its 200-day moving average is $16.37. The firm has a market capitalization of $1.28 billion, a PE ratio of 21.65 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

The firm 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. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.11%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s payout ratio is 305.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a research note on Wednesday, December 11th. Keefe, Bruyette & Woods decreased their price target on 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. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Finally, Citizens Jmp cut Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Oaktree Specialty Lending has an average rating of “Hold” and a consensus price target of $16.75.

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.