Oaktree Specialty Lending (NASDAQ:OCSL) Sets New 12-Month Low – Time to Sell?

Oaktree Specialty Lending Co. (NASDAQ:OCSL)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.89 and last traded at $15.07, with a volume of 423648 shares traded. The stock had previously closed at $14.96.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on OCSL shares. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Oppenheimer reiterated a “market perform” rating and issued a $18.00 target price 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 research report on Tuesday, November 19th. Keefe, Bruyette & Woods lowered their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Up 1.1 %

The stock has a fifty day moving average price of $15.69 and a two-hundred day moving average price of $16.48. The firm has a market capitalization of $1.27 billion, a P/E ratio of 21.44 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. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.25%. Oaktree Specialty Lending’s payout ratio is currently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors have recently modified their holdings of the business. PFS Partners LLC boosted its stake in Oaktree Specialty Lending by 601.4% in the third 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. Brown Brothers Harriman & Co. bought a new stake in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $56,000. Sunbelt Securities Inc. boosted its position in Oaktree Specialty Lending by 37.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 1,820 shares during the period. Bfsg LLC grew its stake in Oaktree Specialty Lending by 208.1% during the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after buying an additional 5,576 shares during the last quarter. Finally, MML Investors Services LLC acquired a new stake in Oaktree Specialty Lending in the third quarter worth $175,000. Institutional investors own 36.79% of the company’s stock.

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.