Fiduciary Financial Group LLC Makes New Investment in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Fiduciary Financial Group LLC acquired a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 18,015 shares of the credit services provider’s stock, valued at approximately $270,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. PFS Partners LLC increased its stake in shares of 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 purchasing an additional 1,660 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at $56,000. Sunbelt Securities Inc. increased its stake in shares of 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 valued at $127,000 after purchasing an additional 1,820 shares during the last quarter. Bfsg LLC increased its stake in shares of Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after purchasing an additional 5,576 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at $175,000. Institutional investors own 36.79% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on OCSL. JPMorgan Chase & Co. reiterated 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. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective 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. Finally, Keefe, Bruyette & Woods reduced their price objective 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 investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending presently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Stock Up 1.1 %

Shares of OCSL opened at $15.44 on Thursday. The company has a market capitalization of $1.27 billion, a PE ratio of 21.44 and a beta of 1.07. Oaktree Specialty Lending Co. has a 12 month low of $14.89 and a 12 month high of $21.64. The stock’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $16.48. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 14.25%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s payout ratio is presently 305.56%.

Oaktree Specialty Lending 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.