Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Purchased by Integrated Advisors Network LLC

Integrated Advisors Network LLC raised its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 3.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 22,826 shares of the credit services provider’s stock after buying an additional 826 shares during the period. Integrated Advisors Network LLC’s holdings in Oaktree Specialty Lending were worth $372,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OCSL. SG Americas Securities LLC acquired a new stake in Oaktree Specialty Lending in the 1st quarter worth about $624,000. Significant Wealth Partners LLC boosted its holdings in Oaktree Specialty Lending by 217.9% in the 1st quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider’s stock worth $4,012,000 after buying an additional 139,881 shares during the last quarter. Arnhold LLC boosted its holdings in Oaktree Specialty Lending by 9.0% in the 1st quarter. Arnhold LLC now owns 36,406 shares of the credit services provider’s stock worth $716,000 after buying an additional 3,000 shares during the last quarter. ProShare Advisors LLC acquired a new stake in Oaktree Specialty Lending in the 1st quarter worth about $210,000. Finally, Entropy Technologies LP boosted its holdings in Oaktree Specialty Lending by 29.8% in the 1st quarter. Entropy Technologies LP now owns 35,427 shares of the credit services provider’s stock worth $696,000 after buying an additional 8,137 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. JMP Securities lowered their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating on the stock in a report on Tuesday, July 30th. B. Riley decreased their target price on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. JPMorgan Chase & Co. decreased their target price on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Wells Fargo & Company decreased their target price 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. Finally, Oppenheimer lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $18.00.

Oaktree Specialty Lending Stock Down 1.6 %

OCSL stock opened at $15.96 on Friday. The firm has a market cap of $1.31 billion, a PE ratio of 18.34 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. The firm’s 50 day moving average price is $16.42 and its 200-day moving average price is $17.83. Oaktree Specialty Lending Co. has a one year low of $15.56 and a one year high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $99.35 million. Oaktree Specialty Lending had a net margin of 17.21% and a return on equity of 12.03%. On average, equities research analysts anticipate that Oaktree Specialty Lending Co. will post 2.24 EPS for the current year.

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.