Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stock Position Increased by Confluence Investment Management LLC

Confluence Investment Management LLC boosted its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 7.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 129,721 shares of the credit services provider’s stock after buying an additional 9,438 shares during the quarter. Confluence Investment Management LLC owned 0.16% of Oaktree Specialty Lending worth $2,116,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OCSL. SG Americas Securities LLC bought a new position in shares of Oaktree Specialty Lending during the 1st quarter valued at about $624,000. Harbor Capital Advisors Inc. boosted its holdings in Oaktree Specialty Lending by 273.4% during the second 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 position in Oaktree Specialty Lending by 286.4% in the first quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock worth $988,000 after buying an additional 37,242 shares during the last quarter. TMD Wealth Management LLC increased its holdings in shares of Oaktree Specialty Lending by 16.0% in the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after buying an additional 78,404 shares in the last quarter. Finally, Private Management Group Inc. lifted its position in shares of 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 acquiring an additional 672,561 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. B. Riley cut their price objective 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. StockNews.com cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. Finally, JMP Securities reduced their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 30th. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Oaktree Specialty Lending Trading Up 0.8 %

Shares of OCSL stock opened at $16.07 on Friday. The business’s 50 day moving average is $16.31 and its two-hundred day moving average is $17.70. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. Oaktree Specialty Lending Co. has a 12 month low of $15.55 and a 12 month high of $21.64. The company has a market cap of $1.32 billion, a PE ratio of 18.47 and a beta of 1.09.

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.