StockNews.com Downgrades Oaktree Specialty Lending (NASDAQ:OCSL) to Sell

StockNews.com downgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

A number of other research analysts have also issued reports on OCSL. Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. B. Riley cut their price target on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. Finally, Oppenheimer reiterated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $16.28 on Thursday. Oaktree Specialty Lending has a twelve month low of $15.40 and a twelve month high of $21.64. The company has a market capitalization of $1.34 billion, a P/E ratio of 22.61 and a beta of 1.09. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $16.15 and a two-hundred day moving average price of $17.37.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.51%. Oaktree Specialty Lending’s payout ratio is 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several large investors have recently modified their holdings of the stock. Cornerstone Wealth Management LLC lifted its position in shares of Oaktree Specialty Lending by 4.8% during the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 730 shares during the last quarter. Integrated Advisors Network LLC lifted its position in shares of Oaktree Specialty Lending by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock worth $372,000 after purchasing an additional 826 shares during the last quarter. Apollon Wealth Management LLC lifted its position in shares of Oaktree Specialty Lending by 5.6% during the third quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after purchasing an additional 998 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in Oaktree Specialty Lending by 3.7% during the third quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock worth $464,000 after acquiring an additional 1,030 shares during the period. Finally, ProShare Advisors LLC raised its stake in Oaktree Specialty Lending by 11.2% during the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock worth $224,000 after acquiring an additional 1,194 shares during the period. 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.