Financial Strategies Group Inc. Has $559,000 Stock Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Financial Strategies Group Inc. grew its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 32.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 37,388 shares of the credit services provider’s stock after purchasing an additional 9,207 shares during the period. Financial Strategies Group Inc.’s holdings in Oaktree Specialty Lending were worth $559,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in OCSL. PFS Partners LLC raised its holdings in Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 1,660 shares during the last quarter. Spire Wealth Management bought a new stake in Oaktree Specialty Lending during the 4th quarter worth about $68,000. Geneos Wealth Management Inc. bought a new stake in Oaktree Specialty Lending during the 4th quarter worth about $93,000. SG Americas Securities LLC bought a new stake in Oaktree Specialty Lending during the 4th quarter worth about $106,000. Finally, EMC Capital Management raised its holdings in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company lowered their price target on 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. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Keefe, Bruyette & Woods lowered their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a research note on Wednesday, December 11th. Finally, Citizens Jmp cut Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Trading Up 1.0 %

NASDAQ:OCSL opened at $16.00 on Monday. Oaktree Specialty Lending Co. has a twelve month low of $14.89 and a twelve month high of $21.49. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The business has a 50 day moving average price of $15.64 and a two-hundred day moving average price of $16.22. The company has a market cap of $1.32 billion, a P/E ratio of 22.22 and a beta of 1.08.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.75%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 305.56%.

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.