Oaktree Specialty Lending (NASDAQ:OCSL) Given New $17.00 Price Target at Keefe, Bruyette & Woods

Oaktree Specialty Lending (NASDAQ:OCSL) had its price objective decreased by Keefe, Bruyette & Woods from $18.00 to $17.00 in a research note released on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the credit services provider’s stock.

OCSL has been the subject of a number of other research reports. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. Finally, B. Riley reduced their price target on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL opened at $15.85 on Wednesday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 22.01 and a beta of 1.09. Oaktree Specialty Lending has a 12 month low of $15.40 and a 12 month high of $21.64. The company has a 50-day moving average price of $16.15 and a 200-day moving average price of $17.45.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid 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 13.88%. Oaktree Specialty Lending’s payout ratio is currently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds have recently added to or reduced their stakes in the stock. PFS Partners LLC increased its holdings in shares of Oaktree Specialty Lending by 601.4% during 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 in the last quarter. Security National Bank purchased a new stake in Oaktree Specialty Lending during the 2nd quarter valued at about $42,000. Brown Brothers Harriman & Co. bought a new stake in Oaktree Specialty Lending during the 2nd quarter valued at about $56,000. Sunbelt Securities Inc. raised its holdings in Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after buying an additional 1,820 shares during the last quarter. Finally, Bfsg LLC lifted its stake in shares of Oaktree Specialty Lending by 208.1% in the third 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 in the last quarter. 36.79% of the stock is 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.