Carnegie Investment Counsel lessened its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) by 74.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,355 shares of the credit services provider's stock after selling 94,994 shares during the quarter. Carnegie Investment Counsel's holdings in Oaktree Specialty Lending were worth $510,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. PFS Partners LLC boosted its position in Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock worth $32,000 after purchasing an additional 1,660 shares during the period. Sunbelt Securities Inc. boosted 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 acquiring an additional 1,820 shares during the period. Bfsg LLC grew its position in Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock valued at $135,000 after acquiring an additional 5,576 shares in the last quarter. MML Investors Services LLC purchased a new stake in shares of Oaktree Specialty Lending during the third quarter valued at approximately $175,000. Finally, Catalina Capital Group LLC acquired a new position in shares of Oaktree Specialty Lending during the third quarter worth $178,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.
Oaktree Specialty Lending stock remained flat at $15.68 during trading hours on Friday. 592,513 shares of the company's stock traded hands, compared to its average volume of 1,027,673. Oaktree Specialty Lending Co. has a 52-week low of $14.89 and a 52-week high of $21.64. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 21.78 and a beta of 1.07. The firm's fifty day moving average price is $15.67 and its 200-day moving average price is $16.43. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 14.03%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending's payout ratio is 305.56%.
OCSL has been the subject of a number of recent analyst reports. JMP Securities lowered shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 19th. B. Riley downgraded Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price target for the company. in a report on Wednesday, December 11th. Oppenheimer restated a "market perform" rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Citizens Jmp cut Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Finally, StockNews.com upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $16.75.
Check Out Our Latest Analysis on 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.
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