DNB Asset Management AS trimmed its position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 9.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 130,300 shares of the credit services provider’s stock after selling 13,200 shares during the period. DNB Asset Management AS’s holdings in Oaktree Specialty Lending were worth $646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. River Road Asset Management LLC increased its position in shares of Oaktree Specialty Lending by 11.1% during the second quarter. River Road Asset Management LLC now owns 6,699,306 shares of the credit services provider’s stock worth $32,023,000 after purchasing an additional 669,425 shares in the last quarter. Private Management Group Inc. grew its holdings in Oaktree Specialty Lending by 4.0% in the 2nd quarter. Private Management Group Inc. now owns 4,710,797 shares of the credit services provider’s stock valued at $22,518,000 after buying an additional 181,673 shares in the last quarter. Bruni J V & Co. Co. grew its holdings in Oaktree Specialty Lending by 10.6% in the 2nd quarter. Bruni J V & Co. Co. now owns 2,171,618 shares of the credit services provider’s stock valued at $10,380,000 after buying an additional 208,008 shares in the last quarter. LSV Asset Management grew its holdings in Oaktree Specialty Lending by 4.3% in the 2nd quarter. LSV Asset Management now owns 1,832,719 shares of the credit services provider’s stock valued at $8,760,000 after buying an additional 76,018 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in Oaktree Specialty Lending by 17.1% in the 2nd quarter. Raymond James & Associates now owns 1,184,677 shares of the credit services provider’s stock valued at $5,663,000 after buying an additional 173,257 shares in the last quarter. Hedge funds and other institutional investors own 42.39% of the company’s stock.

In other news, major shareholder Leonard M. Tannenbaum sold 72,900 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $5.00, for a total value of $364,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 116,000 shares of the company’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $5.00, for a total value of $580,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders bought 10,100 shares of company stock worth $50,630 and sold 346,138 shares worth $1,739,094. Corporate insiders own 0.10% of the company’s stock.

Several analysts have issued reports on OCSL shares. Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 21st. National Securities restated a “neutral” rating and issued a $5.00 target price on shares of Oaktree Specialty Lending in a report on Monday, August 13th. JPMorgan Chase & Co. upped their target price on Oaktree Specialty Lending from $5.00 to $5.50 and gave the company an “overweight” rating in a report on Friday, August 10th. BMO Capital Markets upped their target price on Oaktree Specialty Lending from $4.00 to $5.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a report on Saturday, August 11th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Oaktree Specialty Lending presently has an average rating of “Hold” and an average target price of $5.42.

Shares of NASDAQ:OCSL opened at $4.56 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a market capitalization of $652.65 million, a price-to-earnings ratio of 8.94, a P/E/G ratio of 5.07 and a beta of 0.15. Oaktree Specialty Lending Corp has a 52-week low of $4.17 and a 52-week high of $5.91.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Wednesday, August 8th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The company had revenue of $31.85 million during the quarter, compared to analysts’ expectations of $32.43 million. Oaktree Specialty Lending had a positive return on equity of 6.50% and a negative net margin of 82.24%. As a group, equities analysts expect that Oaktree Specialty Lending Corp will post 0.41 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Saturday, September 15th were paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Thursday, September 13th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 74.51%.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.

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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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