Oaktree Specialty Lending Co. (NASDAQ:OCSL) Stock Holdings Lessened by Everpar Advisors LLC

Everpar Advisors LLC cut its stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,613 shares of the credit services provider’s stock after selling 34,965 shares during the quarter. Everpar Advisors LLC’s holdings in Oaktree Specialty Lending were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Van ECK Associates Corp boosted its position in shares of Oaktree Specialty Lending by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after purchasing an additional 137,508 shares during the period. Bruni J V & Co. Co. boosted its holdings in shares of Oaktree Specialty Lending by 1.3% in 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 buying an additional 19,790 shares during the period. Private Management Group Inc. increased its position 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 in the last quarter. Pinnacle Associates Ltd. raised its holdings in shares of Oaktree Specialty Lending by 7.5% during 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 period. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after acquiring an additional 243,963 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $15.68 on Friday. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $21.64. The stock’s 50-day moving average is $15.68 and its two-hundred day moving average is $16.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $1.29 billion, a P/E ratio of 21.78 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.55 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 14.03%. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Analyst Ratings Changes

Several equities analysts have weighed in on OCSL shares. Keefe, Bruyette & Woods lowered their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company dropped 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. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.