Hennion & Walsh Asset Management Inc. Lowers Holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Hennion & Walsh Asset Management Inc. trimmed its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 14.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 174,090 shares of the credit services provider’s stock after selling 29,139 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.21% of Oaktree Specialty Lending worth $2,660,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Management Group Inc. raised its holdings 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 worth $22,958,000 after acquiring an additional 672,561 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in Oaktree Specialty Lending in the third quarter worth $6,598,000. Harbor Capital Advisors Inc. raised its stake in 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 purchasing an additional 243,963 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in Oaktree Specialty Lending during the third quarter valued at $2,849,000. Finally, Van ECK Associates Corp grew its stake 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 worth $32,567,000 after buying an additional 137,508 shares in the last quarter. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on OCSL shares. Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Wells Fargo & Company decreased their price target 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. Finally, 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 report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Trading Up 1.6 %

Shares of NASDAQ OCSL 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 company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 21.78 and a beta of 1.07. The business’s 50 day moving average price is $15.68 and its 200-day moving average price is $16.47.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid 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 payout ratio is 305.56%.

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.