Oaktree Specialty Lending (NASDAQ:OCSL) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a hold rating to a sell rating in a research note released on Thursday.

Other research analysts also recently issued research reports about the stock. Oppenheimer reiterated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Wells Fargo & Company cut their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Up 1.8 %

Shares of Oaktree Specialty Lending stock opened at $16.28 on Thursday. Oaktree Specialty Lending has a 52-week low of $15.40 and a 52-week high of $21.64. The company has a 50 day moving average of $16.15 and a 200 day moving average of $17.37. 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 capitalization of $1.34 billion, a P/E ratio of 22.61 and a beta of 1.09.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.51%. Oaktree Specialty Lending’s payout ratio is 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Institutional investors have recently modified their holdings of the business. PFS Partners LLC increased its holdings in shares of Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after acquiring an additional 1,660 shares during the period. Security National Bank acquired a new position in Oaktree Specialty Lending in the 2nd quarter valued at $42,000. Brown Brothers Harriman & Co. acquired a new position in Oaktree Specialty Lending in the 2nd quarter valued at $56,000. Sunbelt Securities Inc. increased its stake in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after buying an additional 1,820 shares during the period. Finally, Bfsg LLC increased its stake in Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after buying an additional 5,576 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

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.