Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $16.75 Consensus PT from Brokerages

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $16.75.

Several analysts recently issued reports on OCSL shares. B. Riley decreased their price target on shares of Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Oppenheimer reissued a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, StockNews.com cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Thursday.

Oaktree Specialty Lending Stock Up 0.4 %

Shares of NASDAQ:OCSL opened at $16.34 on Thursday. 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 has a 52-week low of $15.40 and a 52-week high of $21.64. The business’s 50 day simple moving average is $16.16 and its two-hundred day simple moving average is $17.34. The firm has a market cap of $1.34 billion, a P/E ratio of 22.69 and a beta of 1.09.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 13.46%. The ex-dividend date of this dividend is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Institutional investors have recently added to or reduced their stakes in the business. Private Management Group Inc. raised its position in shares of Oaktree Specialty Lending by 91.5% in the third 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. Van ECK Associates Corp lifted its holdings in shares of Oaktree Specialty Lending by 21.0% in the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock worth $35,463,000 after buying an additional 327,416 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Oaktree Specialty Lending by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after acquiring an additional 243,963 shares during the period. TrueMark Investments LLC purchased a new position in Oaktree Specialty Lending during the second quarter valued at approximately $4,243,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Oaktree Specialty Lending during the third quarter valued at approximately $2,849,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

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.