FORA Capital LLC Invests $242,000 in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

FORA Capital LLC purchased a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 14,860 shares of the credit services provider’s stock, valued at approximately $242,000.

Several other institutional investors and hedge funds have also modified their holdings of OCSL. Principal Street Partners LLC bought a new stake in Oaktree Specialty Lending in the 3rd quarter valued at $478,000. Independent Advisor Alliance increased its holdings in shares of Oaktree Specialty Lending by 6.9% in the 3rd quarter. Independent Advisor Alliance now owns 196,649 shares of the credit services provider’s stock worth $3,207,000 after buying an additional 12,684 shares during the last quarter. Centaurus Financial Inc. increased its holdings in shares of Oaktree Specialty Lending by 11.4% in the 3rd quarter. Centaurus Financial Inc. now owns 35,115 shares of the credit services provider’s stock worth $573,000 after buying an additional 3,600 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Oaktree Specialty Lending by 5.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 217,321 shares of the credit services provider’s stock worth $3,545,000 after buying an additional 11,841 shares during the last quarter. Finally, Bruni J V & Co. Co. grew its holdings in Oaktree Specialty Lending by 1.3% during the 3rd quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock valued at $24,975,000 after purchasing an additional 19,790 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analysts Set New Price Targets

OCSL has been the subject of several research reports. JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Oppenheimer reiterated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Company decreased their price target on shares of 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. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Trading Up 0.4 %

Shares of OCSL stock opened at $16.34 on Friday. 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 market capitalization of $1.34 billion, a P/E ratio of 22.61 and a beta of 1.09. The company has a 50 day moving average price of $16.16 and a 200 day moving average price of $17.36. Oaktree Specialty Lending Co. has a fifty-two week low of $15.40 and a fifty-two week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.46%. Oaktree Specialty Lending’s dividend payout ratio 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.