Oaktree Specialty Lending Co. (NASDAQ:OCSL) Given Average Rating of “Reduce” by Brokerages

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has received a consensus recommendation of “Reduce” from the seven research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.75.

A number of brokerages have weighed in on OCSL. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a report on Wednesday, December 11th. Oppenheimer restated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $15.26 on Monday. The company has a 50 day moving average of $15.93 and a 200-day moving average of $16.82. The company has a market cap of $1.26 billion, a PE ratio of 21.19 and a beta of 1.07. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. Oaktree Specialty Lending has a 1-year low of $14.95 and a 1-year high of $21.64.

Oaktree Specialty Lending Dividend Announcement

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 paid a $0.55 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 14.42%. Oaktree Specialty Lending’s payout ratio is 305.56%.

Institutional Trading of Oaktree Specialty Lending

Institutional investors have recently added to or reduced their stakes in the stock. PFS Partners LLC lifted its position in shares of Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 1,660 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Oaktree Specialty Lending in the second quarter valued at $56,000. Sunbelt Securities Inc. boosted its position in Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 1,820 shares during the last quarter. Bfsg LLC grew its holdings in Oaktree Specialty Lending by 208.1% during the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 5,576 shares during the period. Finally, MML Investors Services LLC bought a new position in shares of Oaktree Specialty Lending in the 3rd quarter worth about $175,000. 36.79% of the stock is currently owned by institutional investors.

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.