Mandatum Life Insurance Co Ltd Has $564,000 Position in Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Mandatum Life Insurance Co Ltd increased its holdings in shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 36,915 shares of the credit services provider’s stock after buying an additional 830 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Oaktree Specialty Lending were worth $564,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC acquired a new position in shares of Oaktree Specialty Lending during the third quarter worth $2,849,000. Barclays PLC lifted its stake in shares of Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after acquiring an additional 2,140 shares during the period. Stifel Financial Corp boosted its holdings in Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after acquiring an additional 9,495 shares during the last quarter. Private Management Group Inc. increased its position in 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 purchasing an additional 672,561 shares during the period. Finally, Rivernorth Capital Management LLC bought a new position in Oaktree Specialty Lending during the 3rd quarter worth approximately $6,598,000. 36.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on OCSL shares. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Oppenheimer reaffirmed a “market perform” rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, B. Riley cut Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $15.68 on Monday. The stock has a fifty day moving average of $15.67 and a 200-day moving average of $16.41. Oaktree Specialty Lending Co. has a fifty-two week low of $14.89 and a fifty-two week high of $21.64. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 21.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 14.03%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 305.56%.

Oaktree Specialty Lending Profile

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.