Cornerstone Wealth Management LLC Sells 1,629 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Cornerstone Wealth Management LLC lessened its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 10.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,223 shares of the credit services provider’s stock after selling 1,629 shares during the period. Cornerstone Wealth Management LLC’s holdings in Oaktree Specialty Lending were worth $217,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in Oaktree Specialty Lending by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock worth $32,567,000 after buying an additional 137,508 shares during the period. Bruni J V & Co. Co. raised its position in shares of Oaktree Specialty Lending by 1.3% during the third quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock worth $24,975,000 after acquiring an additional 19,790 shares during the last quarter. Private Management Group Inc. lifted its stake in shares of Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after acquiring an additional 672,561 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Oaktree Specialty Lending by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock valued at $9,515,000 after acquiring an additional 40,641 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in Oaktree Specialty Lending by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after purchasing an additional 243,963 shares during the period. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 0.2 %

Shares of NASDAQ:OCSL opened at $15.67 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. Oaktree Specialty Lending Co. has a 52-week low of $14.89 and a 52-week high of $21.56. The business’s 50 day simple moving average is $15.64 and its two-hundred day simple moving average is $16.31. The firm has a market cap of $1.29 billion, a P/E ratio of 21.76 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Wall Street Analysts Forecast Growth

OCSL has been the topic of a number of recent analyst reports. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. 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. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus target price of $16.75.

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.