Monarch Partners Asset Management LLC raised its position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) by 19.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 147,590 shares of the credit services provider’s stock after acquiring an additional 23,850 shares during the period. Monarch Partners Asset Management LLC’s holdings in Oaktree Specialty Lending were worth $732,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Private Management Group Inc. increased its holdings in shares of Oaktree Specialty Lending by 4.0% during the second quarter. Private Management Group Inc. now owns 4,710,797 shares of the credit services provider’s stock worth $22,518,000 after buying an additional 181,673 shares in the last quarter. Marquette Asset Management LLC acquired a new position in shares of Oaktree Specialty Lending during the second quarter worth $159,000. Jane Street Group LLC increased its holdings in shares of Oaktree Specialty Lending by 91.7% during the first quarter. Jane Street Group LLC now owns 25,299 shares of the credit services provider’s stock worth $107,000 after buying an additional 12,103 shares in the last quarter. CIBC World Markets Inc. acquired a new position in shares of Oaktree Specialty Lending during the first quarter worth $176,000. Finally, Laurel Grove Capital LLC increased its holdings in shares of Oaktree Specialty Lending by 9.4% during the second quarter. Laurel Grove Capital LLC now owns 359,850 shares of the credit services provider’s stock worth $1,720,000 after buying an additional 31,000 shares in the last quarter. Institutional investors and hedge funds own 42.38% of the company’s stock.
Shares of Oaktree Specialty Lending stock opened at $4.68 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.47. Oaktree Specialty Lending Corp has a twelve month low of $4.17 and a twelve month high of $5.75. The firm has a market capitalization of $641.37 million, a P/E ratio of 9.18, a price-to-earnings-growth ratio of 4.98 and a beta of 0.26.
OCSL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a report on Saturday, August 11th. National Securities reiterated a “neutral” rating and set a $5.00 price target on shares of Oaktree Specialty Lending in a report on Monday, August 13th. JPMorgan Chase & Co. upped their price target on shares of Oaktree Specialty Lending from $5.00 to $5.50 and gave the stock an “overweight” rating in a report on Friday, August 10th. Keefe, Bruyette & Woods upgraded shares of Oaktree Specialty Lending from a “market perform” rating to an “outperform” rating in a report on Tuesday, August 21st. Finally, JMP Securities reiterated a “buy” rating and set a $5.50 price target on shares of Oaktree Specialty Lending in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $5.42.
In related news, major shareholder Leonard M. Tannenbaum sold 54,176 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $5.06, for a total value of $274,130.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Melvin Carlisle acquired 5,000 shares of Oaktree Specialty Lending stock in a transaction that occurred on Monday, August 27th. The stock was acquired at an average cost of $5.05 per share, for a total transaction of $25,250.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 10,100 shares of company stock worth $50,630 and sold 346,138 shares worth $1,739,094. Insiders own 0.10% 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.
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