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 shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,531,250 shares of the credit services provider’s stock after buying an additional 19,790 shares during the quarter. Oaktree Specialty Lending accounts for approximately 2.8% of Bruni J V & Co. Co.’s holdings, making the stock its 18th largest holding. Bruni J V & Co. Co.’s holdings in Oaktree Specialty Lending were worth $24,975,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Muzinich & Co. Inc. increased its position in shares of Oaktree Specialty Lending by 6.6% during the 3rd quarter. Muzinich & Co. Inc. now owns 209,678 shares of the credit services provider’s stock worth $3,420,000 after purchasing an additional 12,948 shares during the last quarter. MQS Management LLC bought a new position in Oaktree Specialty Lending during the third quarter worth about $429,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Oaktree Specialty Lending by 7.4% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,670 shares of the credit services provider’s stock valued at $3,273,000 after buying an additional 13,883 shares in the last quarter. Entropy Technologies LP raised its holdings in Oaktree Specialty Lending by 127.8% in the 3rd quarter. Entropy Technologies LP now owns 33,501 shares of the credit services provider’s stock valued at $546,000 after acquiring an additional 18,792 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its stake in Oaktree Specialty Lending by 5.6% in the third quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock valued at $309,000 after purchasing an additional 998 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on OCSL. StockNews.com lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. JMP Securities reduced their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, July 30th. Keefe, Bruyette & Woods raised Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Company decreased their price objective 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $16.15 on Tuesday. The company has a 50-day moving average price of $16.21 and a two-hundred day moving average price of $17.52. Oaktree Specialty Lending Co. has a twelve month low of $15.55 and a twelve month high of $21.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.33 billion, a PE ratio of 18.56 and a beta of 1.09.

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.