Oaktree Specialty Lending Co. (NASDAQ:OCSL) Given Average Rating of “Hold” by Brokerages

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has received a consensus rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $18.25.

Several research analysts recently weighed in on OCSL shares. StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $20.00 to $18.00 in a report on Friday, August 2nd. JPMorgan Chase & Co. lowered their price target on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research note on Monday, July 29th. JMP Securities dropped their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a research report on Tuesday, July 30th. Finally, Wells Fargo & Company lowered Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Monday, August 26th.

Oaktree Specialty Lending Stock Down 0.1 %

Oaktree Specialty Lending stock opened at $16.37 on Wednesday. Oaktree Specialty Lending has a 12 month low of $15.56 and a 12 month high of $21.64. The stock has a market capitalization of $1.33 billion, a PE ratio of 12.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The business has a 50 day simple moving average of $16.49 and a 200-day simple moving average of $18.08.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The company had revenue of $94.97 million during the quarter, compared to analysts’ expectations of $99.35 million. Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. On average, analysts anticipate that Oaktree Specialty Lending will post 2.24 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.44%. The ex-dividend date was Monday, September 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 164.18%.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Visionary Wealth Advisors grew its holdings in shares of Oaktree Specialty Lending by 3.2% in the fourth quarter. Visionary Wealth Advisors now owns 88,816 shares of the credit services provider’s stock valued at $1,814,000 after purchasing an additional 2,741 shares during the period. Confluence Investment Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $738,000. Melia Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $13,168,000. Global Assets Advisory LLC purchased a new stake in shares of Oaktree Specialty Lending during the 1st quarter valued at approximately $289,000. Finally, Triad Investment Management lifted its holdings in Oaktree Specialty Lending by 38.4% in the first quarter. Triad Investment Management now owns 185,300 shares of the credit services provider’s stock valued at $3,643,000 after acquiring an additional 51,369 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Company 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.