Oaktree Specialty Lending (NASDAQ:OCSL) Price Target Cut to $20.00 by Analysts at JMP Securities

Oaktree Specialty Lending (NASDAQ:OCSL) had its price objective trimmed by JMP Securities from $21.00 to $20.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a market outperform rating on the credit services provider’s stock.

Several other equities research analysts have also commented on the company. Wells Fargo & Company cut their target price on Oaktree Specialty Lending from $20.00 to $19.00 and set an overweight rating on the stock in a research report on Friday, July 26th. JPMorgan Chase & Co. cut their price target on Oaktree Specialty Lending from $20.00 to $18.50 and set an overweight rating on the stock in a report on Monday, July 29th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $18.79.

Oaktree Specialty Lending Trading Down 4.6 %

NASDAQ OCSL opened at $16.51 on Tuesday. The business’s 50-day moving average price is $18.73 and its two-hundred day moving average price is $19.41. Oaktree Specialty Lending has a 12 month low of $16.46 and a 12 month high of $21.64. The firm has a market capitalization of $1.34 billion, a PE ratio of 12.32 and a beta of 1.10. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.59.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. The company had revenue of $94.97 million during the quarter, compared to the consensus estimate of $99.35 million. On average, analysts expect that Oaktree Specialty Lending will post 2.28 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, September 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.33%. Oaktree Specialty Lending’s payout ratio is 164.18%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Cape Investment Advisory Inc. purchased a new position in Oaktree Specialty Lending during the 4th quarter valued at about $39,000. Security National Bank purchased a new position in Oaktree Specialty Lending during the 2nd quarter valued at about $42,000. Bfsg LLC purchased a new position in Oaktree Specialty Lending during the 4th quarter valued at about $71,000. AdvisorNet Financial Inc increased its holdings in Oaktree Specialty Lending by 21.4% during the 4th quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider’s stock valued at $104,000 after purchasing an additional 900 shares during the period. Finally, Newbridge Financial Services Group Inc. purchased a new position in Oaktree Specialty Lending during the 1st quarter valued at about $142,000. Hedge funds and other 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.