Financial Strategies Group Inc. Has $462,000 Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Financial Strategies Group Inc. lifted its stake in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 51.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,181 shares of the credit services provider’s stock after acquiring an additional 9,515 shares during the quarter. Financial Strategies Group Inc.’s holdings in Oaktree Specialty Lending were worth $462,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Security National Bank acquired a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $42,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Oaktree Specialty Lending in the 2nd quarter valued at $56,000. Sunbelt Securities Inc. boosted its holdings in Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after purchasing an additional 1,820 shares in the last quarter. Bfsg LLC raised its holdings in Oaktree Specialty Lending by 208.1% during the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after buying an additional 5,576 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending in the first quarter worth about $210,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $15.95 on Friday. The company’s fifty day moving average is $16.33 and its two-hundred day moving average is $17.72. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 18.33 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. Oaktree Specialty Lending Co. has a 52-week low of $15.55 and a 52-week high of $21.64.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company reduced their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. B. Riley dropped their target price on shares of 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. Finally, JMP Securities lowered their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating on the stock in a research report on Tuesday, July 30th. One research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $18.00.

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.