Victory Capital Management Inc. lowered its position in Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 6.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,725 shares of the credit services provider’s stock after selling 1,645 shares during the quarter. Victory Capital Management Inc.’s holdings in Oaktree Specialty Lending were worth $165,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of OCSL. Oppenheimer & Co. Inc. purchased a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $68,000. Scotia Capital Inc. acquired a new position in Oaktree Specialty Lending in the 1st quarter valued at $78,000. Cresset Asset Management LLC acquired a new position in Oaktree Specialty Lending in the 1st quarter valued at $79,000. Stephens Inc. AR acquired a new position in Oaktree Specialty Lending in the 1st quarter valued at $82,000. Finally, Childress Capital Advisors LLC acquired a new position in Oaktree Specialty Lending in the 1st quarter valued at $83,000. Institutional investors own 47.20% of the company’s stock.
Oaktree Specialty Lending stock opened at $7.06 on Tuesday. Oaktree Specialty Lending Co. has a 52 week low of $4.52 and a 52 week high of $7.40. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.49. The firm’s 50-day simple moving average is $7.07 and its 200 day simple moving average is $6.76. The firm has a market capitalization of $1.27 billion, a PE ratio of 3.88, a P/E/G ratio of 0.98 and a beta of 1.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be given a $0.145 dividend. The ex-dividend date is Tuesday, September 14th. This is a positive change from Oaktree Specialty Lending’s previous quarterly dividend of $0.13. This represents a $0.58 annualized dividend and a dividend yield of 8.22%. Oaktree Specialty Lending’s payout ratio is currently 113.73%.
Several equities analysts have issued reports on the stock. TheStreet raised shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research note on Wednesday, August 4th. Oppenheimer started coverage on shares of Oaktree Specialty Lending in a research note on Wednesday, June 23rd. They set an “outperform” rating and a $7.50 price target on the stock. Zacks Investment Research raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $8.00 price target on the stock in a research note on Tuesday, August 10th. Finally, JMP Securities upped their price target on shares of Oaktree Specialty Lending from $7.50 to $8.00 and gave the stock a “market outperform” rating in a research note on Monday, August 9th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Buy” and a consensus price target of $7.69.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corp. is a specialty finance company, which engages in the provision of customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. Its portfolio include first lien, second lien, kemper jv, and equity. The company was founded on February 15, 2007 and is headquartered in Los Angeles, CA with an investment size of $10 m to $100 m and an EBITDA of $25 m to $250 m.
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