Oaktree Specialty Lending Corp. $OCSL Stock: Private Management Group Inc. Raises Holdings

Private Management Group Inc. boosted its holdings in Oaktree Specialty Lending Corp. (NASDAQ:OCSL) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,010,332 shares of the credit services provider’s stock after purchasing an additional 140,848 shares during the quarter. Oaktree Specialty Lending makes up approximately 1.2% of Private Management Group Inc.’s holdings, making the stock its 7th largest position. Private Management Group Inc.’s holdings in Oaktree Specialty Lending were worth $47,723,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. StoneX Group Inc. purchased a new position in Oaktree Specialty Lending in the third quarter valued at approximately $158,000. Chicago Partners Investment Group LLC acquired a new stake in Oaktree Specialty Lending during the 3rd quarter worth $357,000. Sumitomo Mitsui Trust Group Inc. raised its stake in Oaktree Specialty Lending by 9.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 341,805 shares of the credit services provider’s stock worth $4,067,000 after acquiring an additional 30,930 shares in the last quarter. Generali Asset Management SPA SGR lifted its position in Oaktree Specialty Lending by 0.3% in the third quarter. Generali Asset Management SPA SGR now owns 2,087,968 shares of the credit services provider’s stock valued at $24,847,000 after acquiring an additional 7,101 shares during the last quarter. Finally, Sigma Planning Corp acquired a new position in Oaktree Specialty Lending in the third quarter valued at $175,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on OCSL shares. Citigroup began coverage on Oaktree Specialty Lending in a report on Monday, October 26th. They set a “market perform” rating on the stock. Citizens Jmp initiated coverage on Oaktree Specialty Lending in a report on Monday, October 26th. They issued a “market perform” rating for the company. Weiss Ratings downgraded Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. B. Riley Financial reissued a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Oaktree Specialty Lending currently has an average rating of “Reduce” and a consensus target price of $11.83.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $12.50 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.68. The firm has a market cap of $1.10 billion, a PE ratio of 26.04 and a beta of 0.50. The company’s 50 day simple moving average is $12.15 and its 200-day simple moving average is $12.07. Oaktree Specialty Lending Corp. has a 12-month low of $10.63 and a 12-month high of $13.90.

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.