Kelleher Financial Advisors Invests $164,000 in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Kelleher Financial Advisors bought a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,700 shares of the credit services provider’s stock, valued at approximately $164,000.

A number of other institutional investors and hedge funds also recently modified their holdings of OCSL. Private Management Group Inc. raised its position in shares of Oaktree Specialty Lending by 91.5% during 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 during the period. Rivernorth Capital Management LLC purchased a new position in shares of Oaktree Specialty Lending during the third quarter valued at $6,598,000. Harbor Capital Advisors Inc. grew its holdings in shares of Oaktree Specialty Lending by 148.2% during 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 buying an additional 243,963 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new position in Oaktree Specialty Lending in the third quarter valued at about $2,849,000. Finally, Van ECK Associates Corp grew its stake in Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after purchasing an additional 137,508 shares in 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 $15.59 on Thursday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 21.65 and a beta of 1.07. The business has a 50-day moving average of $15.65 and a 200-day moving average of $16.37. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 14.11%. The ex-dividend date of this dividend 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 a number of analyst reports. Keefe, Bruyette & Woods reduced their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. Oppenheimer reiterated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a research report on Wednesday, December 11th. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $16.75.

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.