Bruni J V & Co. Co. Purchases 19,790 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Bruni J V & Co. Co. increased its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 1.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,531,250 shares of the credit services provider’s stock after purchasing an additional 19,790 shares during the period. Oaktree Specialty Lending makes up 2.8% of Bruni J V & Co. Co.’s portfolio, making the stock its 18th biggest position. Bruni J V & Co. Co. owned about 1.86% of Oaktree Specialty Lending worth $24,975,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Harbor Capital Advisors Inc. raised its holdings in shares of Oaktree Specialty Lending by 273.4% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 164,649 shares of the credit services provider’s stock worth $3,097,000 after buying an additional 120,553 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Oaktree Specialty Lending by 286.4% in the 1st quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock worth $988,000 after purchasing an additional 37,242 shares during the last quarter. Confluence Investment Management LLC grew its holdings in shares of Oaktree Specialty Lending by 220.5% in the 2nd quarter. Confluence Investment Management LLC now owns 120,283 shares of the credit services provider’s stock worth $2,263,000 after purchasing an additional 82,751 shares during the last quarter. TMD Wealth Management LLC increased its position in shares of Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after purchasing an additional 78,404 shares in the last quarter. Finally, Private Management Group Inc. lifted its holdings in Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after purchasing an additional 672,561 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OCSL. Oppenheimer lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Friday, August 2nd. B. Riley decreased their target price on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Wells Fargo & Company dropped their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded shares of Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price objective on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Oaktree Specialty Lending has an average rating of “Hold” and an average target price of $18.00.

Oaktree Specialty Lending Trading Up 0.7 %

Shares of NASDAQ OCSL opened at $16.15 on Tuesday. Oaktree Specialty Lending Co. has a fifty-two week low of $15.55 and a fifty-two week high of $21.64. The firm has a market capitalization of $1.33 billion, a P/E ratio of 18.56 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The company’s 50 day simple moving average is $16.21 and its 200 day simple moving average is $17.52.

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.