Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Free Report) have received an average rating of “Reduce” from the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.75.
OCSL has been the subject of several research reports. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price for the company. in a research report on Wednesday, December 11th. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Finally, Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th.
View Our Latest Report on Oaktree Specialty Lending
Institutional Investors Weigh In On Oaktree Specialty Lending
Oaktree Specialty Lending Trading Up 0.6 %
NASDAQ OCSL opened at $15.78 on Tuesday. Oaktree Specialty Lending has a fifty-two week low of $14.89 and a fifty-two week high of $20.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.19 and a current ratio of 0.30. The stock has a 50 day simple moving average of $15.51 and a two-hundred day simple moving average of $16.04. The stock has a market cap of $1.30 billion, a P/E ratio of 23.55 and a beta of 1.08.
Oaktree Specialty Lending (NASDAQ:OCSL – Get Free Report) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was down 11.6% compared to the same quarter last year. On average, analysts forecast that Oaktree Specialty Lending will post 2.07 earnings per share for the current year.
Oaktree Specialty Lending Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 annualized dividend and a dividend yield of 10.14%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 328.36%.
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.
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