Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Acquired by Entropy Technologies LP

Entropy Technologies LP increased its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 127.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,501 shares of the credit services provider’s stock after acquiring an additional 18,792 shares during the quarter. Entropy Technologies LP’s holdings in Oaktree Specialty Lending were worth $546,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of OCSL. SG Americas Securities LLC acquired a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $624,000. ProShare Advisors LLC bought a new stake in Oaktree Specialty Lending in the first quarter valued at $210,000. Cercano Management LLC bought a new stake in Oaktree Specialty Lending in the first quarter valued at $8,659,000. Texas Capital Bank Wealth Management Services Inc boosted its holdings in shares of Oaktree Specialty Lending by 18.4% during the first quarter. Texas Capital Bank Wealth Management Services Inc now owns 103,262 shares of the credit services provider’s stock valued at $2,030,000 after acquiring an additional 16,054 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Oaktree Specialty Lending by 5.3% during the first quarter. Advisors Asset Management Inc. now owns 221,235 shares of the credit services provider’s stock worth $4,349,000 after acquiring an additional 11,211 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Down 0.1 %

OCSL opened at $16.03 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.32 billion, a PE ratio of 18.43 and a beta of 1.09. The stock’s fifty day moving average is $16.21 and its 200-day moving average is $17.57. Oaktree Specialty Lending Co. has a one year low of $15.55 and a one year high of $21.64.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. B. Riley decreased their price objective on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $18.00 in a research report on Friday, August 2nd. Finally, Wells Fargo & Company lowered 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.00.

Oaktree Specialty Lending 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.