SeaCrest Wealth Management LLC Invests $33,000 in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

SeaCrest Wealth Management LLC bought a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) in the second quarter, HoldingsChannel reports. The firm bought 5,077 shares of the credit services provider’s stock, valued at approximately $33,000.

A number of other large investors have also modified their holdings of OCSL. Lazard Asset Management LLC purchased a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $25,000. Kistler Tiffany Companies LLC purchased a new position in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $56,000. Adirondack Trust Co. raised its stake in shares of Oaktree Specialty Lending by 352.3% during the 2nd quarter. Adirondack Trust Co. now owns 8,634 shares of the credit services provider’s stock worth $57,000 after buying an additional 6,725 shares in the last quarter. Pinnacle Associates Ltd. purchased a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $76,000. Finally, MQS Management LLC purchased a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $87,000. 59.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. B. Riley increased their target price on Oaktree Specialty Lending from $6.25 to $7.50 and gave the stock a “buy” rating in a research note on Wednesday, November 16th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, November 16th. Hovde Group set a $7.50 price target on Oaktree Specialty Lending in a report on Thursday, November 17th. Finally, Wells Fargo & Company upped their price target on Oaktree Specialty Lending from $7.00 to $7.50 and gave the stock an “overweight” rating in a report on Wednesday, November 16th.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $7.20 on Wednesday. The business’s fifty day moving average price is $6.47 and its two-hundred day moving average price is $6.72. The stock has a market cap of $1.32 billion, a PE ratio of 45.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.12 and a current ratio of 0.12. Oaktree Specialty Lending Co. has a one year low of $5.86 and a one year high of $7.81.

Oaktree Specialty Lending Increases Dividend

The business also recently announced a None dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a dividend of $0.32 per share. This represents a yield of 9.5%. The ex-dividend date is Wednesday, December 14th. This is a boost from Oaktree Specialty Lending’s previous None dividend of $0.17. Oaktree Specialty Lending’s dividend payout ratio is 425.00%.

Oaktree Specialty Lending Company Profile

(Get Rating)

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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