Oaktree Specialty Lending (NASDAQ:OCSL) Reaches New 1-Year Low – What’s Next?

Oaktree Specialty Lending Co. (NASDAQ:OCSL) reached a new 52-week low during trading on Friday . The company traded as low as $14.01 and last traded at $14.11, with a volume of 432799 shares traded. The stock had previously closed at $15.03.

Wall Street Analysts Forecast Growth

OCSL has been the subject of a number of research reports. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Stock Down 7.6 %

The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 20.73 and a beta of 0.84. The business’s 50 day moving average is $15.72 and its 200 day moving average is $15.83.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $86.65 million during the quarter, compared to analysts’ expectations of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. Oaktree Specialty Lending’s revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.57 earnings per share. Equities analysts expect that Oaktree Specialty Lending Co. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.40 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.52%. Oaktree Specialty Lending’s dividend payout ratio is 238.81%.

Institutional Trading of Oaktree Specialty Lending

Several institutional investors have recently made changes to their positions in the stock. Private Management Group Inc. increased its stake in Oaktree Specialty Lending by 51.3% in the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock valued at $32,534,000 after buying an additional 721,629 shares during the period. Van ECK Associates Corp grew its holdings in shares of Oaktree Specialty Lending by 3.5% during the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider’s stock valued at $32,006,000 after acquiring an additional 71,808 shares in the last quarter. Bruni J V & Co. Co. increased its stake in shares of Oaktree Specialty Lending by 26.0% in the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider’s stock worth $29,483,000 after acquiring an additional 398,241 shares during the last quarter. Claret Asset Management Corp raised its holdings in shares of Oaktree Specialty Lending by 0.9% during the fourth quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider’s stock worth $22,846,000 after acquiring an additional 13,949 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in Oaktree Specialty Lending during the fourth quarter valued at $18,109,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

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.