Apollon Wealth Management LLC Acquires 998 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Apollon Wealth Management LLC boosted its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 5.6% in the third quarter, HoldingsChannel reports. The firm owned 18,930 shares of the credit services provider’s stock after purchasing an additional 998 shares during the period. Apollon Wealth Management LLC’s holdings in Oaktree Specialty Lending were worth $309,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OCSL. Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after purchasing an additional 672,561 shares in the last quarter. Van ECK Associates Corp grew its stake in Oaktree Specialty Lending by 21.0% in the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after acquiring an additional 327,416 shares during the period. Harbor Capital Advisors Inc. grew its stake in Oaktree Specialty Lending by 148.2% in 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 acquiring an additional 243,963 shares during the period. TrueMark Investments LLC acquired a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $4,243,000. Finally, Confluence Investment Management LLC grew its stake in Oaktree Specialty Lending by 220.5% in the second quarter. Confluence Investment Management LLC now owns 120,283 shares of the credit services provider’s stock valued at $2,263,000 after acquiring an additional 82,751 shares during the period. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Stock Down 0.1 %

Shares of NASDAQ:OCSL opened at $16.03 on Monday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 18.43 and a beta of 1.09. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. Oaktree Specialty Lending Co. has a 12-month low of $15.55 and a 12-month high of $21.64. The business’s 50 day moving average is $16.21 and its 200 day moving average is $17.55.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research note on Monday, July 29th. Keefe, Bruyette & Woods raised Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company cut their target price on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.