140,848 Oaktree Specialty Lending Corp. $OCSL Shares Bought by Private Management Group Inc.

Key Points

• Private Management Group increased its Oaktree Specialty Lending stake by 3.6% in the third quarter, buying 140,848 shares. It held 4.01 million shares worth about $47.7 million at quarter-end, representing 4.55% of the company.
• Institutional investors and hedge funds own 36.79% of Oaktree Specialty Lending. Several other firms also initiated or expanded positions, though the article does not provide a consistent reporting period for all of those changes.
• Analysts’ consensus rating is “Reduce,” with seven Hold ratings and one Sell rating and an average price target of $11.83. Shares opened at $12.50 in the reported session.

Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Free Report) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,010,332 shares of the credit services provider's stock after purchasing an additional 140,848 shares during the period. Oaktree Specialty Lending comprises about 1.2% of Private Management Group Inc.'s portfolio, making the stock its 7th biggest position. Private Management Group Inc. owned about 4.55% of Oaktree Specialty Lending worth $47,723,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Oaktree Specialty Lending by 118.3% in the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider's stock valued at $35,000 after purchasing an additional 1,707 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Oaktree Specialty Lending in the second quarter valued at approximately $40,000. Allworth Financial LP acquired a new position in shares of Oaktree Specialty Lending in the second quarter valued at approximately $41,000. Fifth Third Bancorp purchased a new stake in Oaktree Specialty Lending during the 1st quarter worth approximately $41,000. Finally, TrinityBridge Ltd purchased a new stake in Oaktree Specialty Lending during the 2nd quarter worth approximately $88,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $12.50 on Tuesday. The business has a 50-day simple moving average of $12.15 and a 200-day simple moving average of $12.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.19 and a current ratio of 0.19. Oaktree Specialty Lending Corp. has a one year low of $10.63 and a one year high of $13.90. The company has a market cap of $1.10 billion, a PE ratio of 26.04 and a beta of 0.50.

Analyst Ratings Changes

A number of research firms have issued reports on OCSL. Citigroup began coverage on shares of Oaktree Specialty Lending in a report on Monday, October 26th. They set a "market perform" rating on the stock. B. Riley Financial restated a "neutral" rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Wall Street Zen upgraded shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Saturday, September 26th. Weiss Ratings lowered Oaktree Specialty Lending from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Thursday, October 8th. Finally, Citizens Jmp began coverage on Oaktree Specialty Lending in a research note on Monday, October 26th. They issued a "market perform" rating on the stock. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average target price of $11.83.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation is a business development company that provides financing to middle-market companies. It is externally managed by Oaktree Fund Advisors, an affiliate of Oaktree Capital Management.

The company invests primarily in privately negotiated debt, including first- and second-lien loans, subordinated debt and mezzanine financing. It may also make preferred equity and other equity investments, often alongside its debt investments.

Oaktree Specialty Lending focuses mainly on companies in the United States, seeking to provide flexible financing for business growth, acquisitions, recapitalizations and other corporate needs.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.