Allspring Global Investments Holdings LLC raised its holdings in Oaktree Specialty Lending Co. (NASDAQ:OCSL – Free Report) by 20.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 294,942 shares of the credit services provider’s stock after buying an additional 49,898 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.38% of Oaktree Specialty Lending worth $5,731,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. raised its position in shares of Oaktree Specialty Lending by 29.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 2,224 shares of the credit services provider’s stock worth $43,000 after purchasing an additional 500 shares during the period. RNC Capital Management LLC grew its holdings in Oaktree Specialty Lending by 4.7% during the second quarter. RNC Capital Management LLC now owns 11,411 shares of the credit services provider’s stock worth $222,000 after buying an additional 517 shares in the last quarter. Captrust Financial Advisors grew its holdings in Oaktree Specialty Lending by 0.9% during the fourth quarter. Captrust Financial Advisors now owns 77,628 shares of the credit services provider’s stock worth $533,000 after buying an additional 698 shares in the last quarter. Confluence Investment Management LLC grew its holdings in Oaktree Specialty Lending by 2.0% during the second quarter. Confluence Investment Management LLC now owns 37,063 shares of the credit services provider’s stock worth $720,000 after buying an additional 733 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its holdings in Oaktree Specialty Lending by 11.5% during the second quarter. Cornerstone Wealth Management LLC now owns 11,993 shares of the credit services provider’s stock worth $233,000 after buying an additional 1,239 shares in the last quarter. 39.25% of the stock is owned by institutional investors and hedge funds.
Oaktree Specialty Lending Stock Up 1.4 %
OCSL stock opened at $19.75 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.12 and a current ratio of 0.12. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 16.46 and a beta of 1.14. Oaktree Specialty Lending Co. has a fifty-two week low of $17.70 and a fifty-two week high of $21.69. The stock has a fifty day moving average of $19.67 and a 200-day moving average of $19.43.
Analyst Ratings Changes
Several brokerages recently issued reports on OCSL. StockNews.com began coverage on Oaktree Specialty Lending in a report on Thursday, October 5th. They set a “hold” rating for the company. Hovde Group downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and set a $21.00 price objective for the company. in a research note on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Oaktree Specialty Lending has an average rating of “Moderate Buy” and a consensus target price of $21.90.
Oaktree Specialty Lending Company Profile
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.
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