Sonora Investment Management Group LLC Purchases Shares of 13,700 Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Sonora Investment Management Group LLC acquired a new stake in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) during the fourth quarter, HoldingsChannel reports. The fund acquired 13,700 shares of the credit services provider’s stock, valued at approximately $209,000.

Other large investors also recently modified their holdings of the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Oaktree Specialty Lending during the 3rd quarter valued at about $2,849,000. Barclays PLC raised its holdings in shares of Oaktree Specialty Lending by 2.1% during the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after buying an additional 2,140 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Oaktree Specialty Lending by 21.2% during the 3rd quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after buying an additional 9,495 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after buying an additional 672,561 shares in the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Oaktree Specialty Lending during the 3rd quarter valued at about $6,598,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on OCSL. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research report on Wednesday, December 11th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lowered their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock opened at $16.00 on Friday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.32 billion, a PE ratio of 22.22 and a beta of 1.07. The business has a 50 day moving average of $15.64 and a 200 day moving average of $16.25. Oaktree Specialty Lending Co. has a 52 week low of $14.89 and a 52 week high of $21.49.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a dividend of $0.55 per share. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.75%. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

About Oaktree Specialty Lending

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.