Crescent Grove Advisors LLC Has $363,000 Stock Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Crescent Grove Advisors LLC reduced its position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 11.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,765 shares of the credit services provider’s stock after selling 3,135 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Oaktree Specialty Lending were worth $363,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. PFS Partners LLC raised its stake in shares of Oaktree Specialty Lending by 601.4% in the third 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. Geneos Wealth Management Inc. purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $93,000. Sunbelt Securities Inc. raised its stake in shares of 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 during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $106,000. Finally, Bfsg LLC raised its stake in shares of Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after purchasing an additional 5,576 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $15.67 on Monday. The stock has a fifty day simple moving average of $15.64 and a two-hundred day simple moving average of $16.31. Oaktree Specialty Lending Co. has a 1-year low of $14.89 and a 1-year high of $21.56. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 21.76 and a beta of 1.07. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s payout ratio is currently 305.56%.

Wall Street Analysts Forecast Growth

OCSL has been the subject of several recent analyst reports. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reduced their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 20th. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, Oaktree Specialty Lending presently has a consensus rating of “Hold” and a consensus price target of $16.75.

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.