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

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has been given a consensus recommendation of “Reduce” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $16.75.

Several brokerages have issued reports on OCSL. Keefe, Bruyette & Woods decreased 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 note on Wednesday, November 20th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Wells Fargo & Company decreased their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $15.24 on Monday. Oaktree Specialty Lending has a 1 year low of $14.95 and a 1 year high of $21.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The stock’s 50 day simple moving average is $15.99 and its two-hundred day simple moving average is $16.88. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 21.17 and a beta of 1.07.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 14.44%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several large investors have recently bought and sold shares of OCSL. Private Management Group Inc. lifted 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 acquiring an additional 672,561 shares in the last quarter. Rivernorth Capital Management LLC acquired a new position in Oaktree Specialty Lending in the 3rd quarter valued at $6,598,000. Van ECK Associates Corp lifted its holdings in Oaktree Specialty Lending by 21.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after purchasing an additional 327,416 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in Oaktree Specialty Lending by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock worth $6,664,000 after purchasing an additional 243,963 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of Oaktree Specialty Lending during the second quarter worth $4,243,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

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.