Oaktree Specialty Lending Co. (NASDAQ:OCSL) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC trimmed its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 49.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,931 shares of the credit services provider’s stock after selling 24,511 shares during the period. Pallas Capital Advisors LLC’s holdings in Oaktree Specialty Lending were worth $407,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of OCSL. Security National Bank acquired a new stake in shares of Oaktree Specialty Lending in the second quarter worth approximately $42,000. Brown Brothers Harriman & Co. purchased a new position in Oaktree Specialty Lending in the 2nd quarter valued at $56,000. Sunbelt Securities Inc. boosted its stake in Oaktree Specialty Lending by 37.0% during the 2nd 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. Bfsg LLC grew its holdings in shares of Oaktree Specialty Lending by 208.1% during the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after buying an additional 5,576 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending in the first quarter valued at about $210,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on OCSL shares. B. Riley dropped their price objective on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research report 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 on the stock in a research report on Monday, July 29th. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Finally, Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.00.

Oaktree Specialty Lending Trading Down 1.0 %

Shares of Oaktree Specialty Lending stock opened at $16.22 on Friday. The stock has a 50 day moving average of $16.45 and a 200 day moving average of $17.85. 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 firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 18.64 and a beta of 1.09. Oaktree Specialty Lending Co. has a fifty-two week low of $15.56 and a fifty-two week high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The business had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $99.35 million. Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. As a group, research analysts predict that Oaktree Specialty Lending Co. will post 2.24 earnings per share for the current year.

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.