MQS Management LLC Buys Shares of 26,294 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

MQS Management LLC purchased a new position in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the third quarter, Holdings Channel reports. The firm purchased 26,294 shares of the credit services provider’s stock, valued at approximately $429,000.

Several other institutional investors and hedge funds have also made changes to their positions in OCSL. Van ECK Associates Corp grew its holdings in shares of Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after purchasing an additional 137,508 shares during the period. Private Management Group Inc. raised its position in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after purchasing an additional 672,561 shares during the period. Pinnacle Associates Ltd. lifted its stake in Oaktree Specialty Lending by 7.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock worth $9,515,000 after acquiring an additional 40,641 shares in the last quarter. TMD Wealth Management LLC lifted its position in shares of Oaktree Specialty Lending by 16.0% during the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after purchasing an additional 78,404 shares in the last quarter. Finally, Cercano Management LLC purchased a new position in Oaktree Specialty Lending in the 1st quarter valued at approximately $8,659,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Up 0.1 %

Shares of NASDAQ:OCSL opened at $15.98 on Thursday. The company has a market capitalization of $1.31 billion, a P/E ratio of 18.37 and a beta of 1.09. The stock’s fifty day simple moving average is $16.24 and its 200-day simple moving average is $17.61. Oaktree Specialty Lending Co. has a 52-week low of $15.55 and a 52-week high of $21.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61.

Analyst Ratings Changes

A number of equities analysts have recently commented on OCSL shares. Oppenheimer downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $20.00 to $18.00 in a research report on Friday, August 2nd. Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. JMP Securities cut their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a research note on Tuesday, July 30th. JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, B. Riley reduced their target price on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.00.

Oaktree Specialty Lending 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.