Invesco Ltd. Sells 34,646 Shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL)

Invesco Ltd. lowered its position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 10.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 295,556 shares of the credit services provider’s stock after selling 34,646 shares during the period. Invesco Ltd. owned 0.21% of Oaktree Specialty Lending worth $1,602,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in Oaktree Specialty Lending by 215.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,895 shares of the credit services provider’s stock worth $563,000 after buying an additional 70,975 shares during the period. Keeley Teton Advisors LLC grew its position in Oaktree Specialty Lending by 326.9% during the second quarter. Keeley Teton Advisors LLC now owns 1,120,588 shares of the credit services provider’s stock worth $6,074,000 after buying an additional 858,096 shares during the period. Greenwich Investment Management Inc. grew its position in shares of Oaktree Specialty Lending by 10.8% in the second quarter. Greenwich Investment Management Inc. now owns 1,221,418 shares of the credit services provider’s stock valued at $6,620,000 after purchasing an additional 119,050 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Oaktree Specialty Lending by 25.4% in the second quarter. Envestnet Asset Management Inc. now owns 154,230 shares of the credit services provider’s stock valued at $836,000 after purchasing an additional 31,204 shares during the last quarter. Finally, LSV Asset Management grew its position in shares of Oaktree Specialty Lending by 5.0% in the second quarter. LSV Asset Management now owns 2,293,633 shares of the credit services provider’s stock valued at $12,431,000 after purchasing an additional 108,400 shares during the last quarter. Hedge funds and other institutional investors own 50.29% of the company’s stock.

Several analysts have recently commented on OCSL shares. Jefferies Financial Group started coverage on shares of Oaktree Specialty Lending in a research report on Thursday, October 10th. They issued a “buy” rating and a $6.50 price target on the stock. ValuEngine lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Janney Montgomery Scott started coverage on shares of Oaktree Specialty Lending in a research report on Monday, July 29th. They issued a “neutral” rating on the stock. TheStreet upgraded shares of Oaktree Specialty Lending from a “c” rating to a “b” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “strong-buy” rating and set a $6.00 price target on the stock in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Oaktree Specialty Lending has an average rating of “Buy” and an average price target of $6.31.

Shares of OCSL traded up $0.01 on Friday, hitting $5.24. 166,000 shares of the stock traded hands, compared to its average volume of 359,406. Oaktree Specialty Lending Corp has a 1 year low of $4.08 and a 1 year high of $5.75. The firm has a market capitalization of $723.13 million, a P/E ratio of 12.19, a P/E/G ratio of 5.08 and a beta of 0.51. The stock’s 50 day moving average is $5.16 and its two-hundred day moving average is $5.29. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.18.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $36.67 million for the quarter, compared to the consensus estimate of $39.57 million. Oaktree Specialty Lending had a net margin of 96.11% and a return on equity of 7.66%. Research analysts forecast that Oaktree Specialty Lending Corp will post 0.49 EPS for the current year.

In other news, major shareholder Leonard M. Tannenbaum sold 22,725 shares of Oaktree Specialty Lending stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $5.26, for a total value of $119,533.50. Insiders own 0.16% of the company’s stock.

Oaktree Specialty Lending Profile

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.

Further Reading: What economic reports are most valuable to investors?

Institutional Ownership by Quarter for Oaktree Specialty Lending (NASDAQ:OCSL)

Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News