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

Fiduciary Financial Group LLC acquired a new stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 18,015 shares of the credit services provider’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. PFS Partners LLC lifted 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 period. Brown Brothers Harriman & Co. acquired a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at about $56,000. Sunbelt Securities Inc. lifted 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 period. Bfsg LLC lifted 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 period. Finally, MML Investors Services LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at about $175,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods dropped 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 note on Wednesday, November 20th. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note 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 on the stock. in a research note on Wednesday, December 11th. Wells Fargo & Company dropped 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 note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research note 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, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $15.44 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a 50 day moving average price of $15.69 and a two-hundred day moving average price of $16.48. The firm has a market capitalization of $1.27 billion, a P/E ratio of 21.44 and a beta of 1.07. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 14.25%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

About 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.