Oppenheimer & Co. Inc. Sells 19,431 Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Oppenheimer & Co. Inc. trimmed its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) by 21.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,127 shares of the credit services provider’s stock after selling 19,431 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Oaktree Specialty Lending were worth $532,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OCSL. Kistler Tiffany Companies LLC bought a new position in shares of Oaktree Specialty Lending in the first quarter worth approximately $56,000. CIBC Asset Management Inc boosted its position in shares of Oaktree Specialty Lending by 39.6% in the fourth quarter. CIBC Asset Management Inc now owns 14,016 shares of the credit services provider’s stock worth $105,000 after purchasing an additional 3,974 shares during the period. Welch & Forbes LLC bought a new position in shares of Oaktree Specialty Lending in the first quarter worth approximately $108,000. Atlas Private Wealth Advisors bought a new position in shares of Oaktree Specialty Lending in the first quarter worth approximately $129,000. Finally, US Bancorp DE boosted its position in shares of Oaktree Specialty Lending by 45.6% in the first quarter. US Bancorp DE now owns 17,571 shares of the credit services provider’s stock worth $129,000 after purchasing an additional 5,500 shares during the period. 59.78% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $6.82 on Monday. Oaktree Specialty Lending Co. has a one year low of $6.20 and a one year high of $7.81. The company’s fifty day moving average price is $6.88 and its 200-day moving average price is $7.07. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $1.25 billion, a PE ratio of 23.52 and a beta of 1.25.

Oaktree Specialty Lending Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 9.97%. The ex-dividend date is Wednesday, September 14th. This is an increase from Oaktree Specialty Lending’s previous quarterly dividend of $0.17. Oaktree Specialty Lending’s payout ratio is 227.59%.

Analyst Upgrades and Downgrades

OCSL has been the subject of a number of recent analyst reports. Hovde Group dropped their price target on shares of Oaktree Specialty Lending to $7.00 in a research report on Friday, May 20th. StockNews.com lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Friday, August 5th.

Oaktree Specialty Lending Profile

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Oaktree Specialty Lending Corporation is a business development company 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.

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Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

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