River Road Asset Management LLC bought a new position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) during the fourth quarter, Holdings Channel reports. The firm bought 6,368,442 shares of the credit services provider’s stock, valued at approximately $31,142,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in OCSL. Hillsdale Investment Management Inc. bought a new stake in shares of Oaktree Specialty Lending during the 3rd quarter worth $129,000. Confluence Investment Management LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $1,520,000. DnB Asset Management AS bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $637,000. Bank of Montreal Can bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $9,281,000. Finally, Moody National Bank Trust Division bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $197,000. Institutional investors own 35.70% of the company’s stock.
Shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) opened at $4.36 on Friday. Oaktree Specialty Lending Corp has a twelve month low of $3.90 and a twelve month high of $5.91. The firm has a market capitalization of $665.34, a PE ratio of 9.25, a P/E/G ratio of 5.85 and a beta of 0.02. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.48.
A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Oaktree Specialty Lending from a “neutral” rating to an “overweight” rating and set a $6.00 target price on the stock in a research note on Tuesday. BMO Capital Markets reissued a “hold” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a report on Monday, January 8th. Maxim Group reissued a “hold” rating on shares of Oaktree Specialty Lending in a report on Tuesday, December 26th. Zacks Investment Research lowered Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on Oaktree Specialty Lending and gave the stock a “hold” rating in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. Oaktree Specialty Lending currently has an average rating of “Hold” and an average target price of $5.75.
In related news, Director Richard Ruben bought 14,550 shares of Oaktree Specialty Lending stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of $4.82 per share, with a total value of $70,131.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Mathew Pendo bought 12,000 shares of Oaktree Specialty Lending stock in a transaction on Friday, December 15th. The shares were bought at an average cost of $4.66 per share, with a total value of $55,920.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 362,534 shares of company stock valued at $1,734,287. 0.10% of the stock is currently owned by insiders.
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About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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