Oaktree Specialty Lending (NASDAQ:OCSL) Lowered to “Sell” at StockNews.com

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

Other equities research analysts have also recently issued research reports about the company. JMP Securities dropped their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set a market outperform rating on the stock in a report on Tuesday, July 30th. Oppenheimer lowered shares of Oaktree Specialty Lending from an outperform rating to a market perform rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an overweight rating for the company in a research note on Monday, July 29th. Wells Fargo & Company decreased their price objective on shares of Oaktree Specialty Lending from $19.00 to $18.00 and set an overweight rating for the company in a report on Friday. Finally, B. Riley cut their target price on Oaktree Specialty Lending from $18.50 to $17.00 and set a neutral rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $18.42.

Oaktree Specialty Lending Stock Up 2.5 %

NASDAQ OCSL traded up $0.40 on Monday, reaching $16.12. The stock had a trading volume of 1,212,649 shares, compared to its average volume of 681,252. 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 has a 1 year low of $15.56 and a 1 year high of $21.64. The business has a 50 day moving average price of $18.66 and a 200 day moving average price of $19.35. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 12.03 and a beta of 1.09.

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.20 annualized dividend and a yield of 13.65%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 164.18%.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of hedge funds have recently bought and sold shares of OCSL. Cape Investment Advisory Inc. bought a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $39,000. Security National Bank acquired a new stake in Oaktree Specialty Lending in the 2nd quarter valued at approximately $42,000. Bfsg LLC acquired a new stake in Oaktree Specialty Lending in the 4th quarter valued at approximately $71,000. Newbridge Financial Services Group Inc. bought a new position in Oaktree Specialty Lending in the 1st quarter worth approximately $142,000. Finally, Financial Strategies Group Inc. acquired a new position in shares of Oaktree Specialty Lending during the first quarter worth approximately $197,000. 36.79% of the stock is currently owned by 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.