Oaktree Specialty Lending (NASDAQ:OCSL) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Oaktree Specialty Lending Corp. (NASDAQ:OCSL)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $12.10 and traded as high as $12.61. Oaktree Specialty Lending shares last traded at $12.46, with a volume of 327,551 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have commented on OCSL shares. Wall Street Zen lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Tuesday, August 25th. Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.83.

Oaktree Specialty Lending Stock Down 1.7%

The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.33 and a beta of 0.50. The firm’s 50 day simple moving average is $12.57 and its 200-day simple moving average is $12.11.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The company had revenue of $69.15 million during the quarter, compared to analysts’ expectations of $69.40 million. On average, sell-side analysts anticipate that Oaktree Specialty Lending Corp. will post 1.51 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Tuesday, September 15th. Oaktree Specialty Lending’s payout ratio is currently 250.00%.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of large investors have recently modified their holdings of the business. Palliser Capital UK Ltd purchased a new position in Oaktree Specialty Lending in the second quarter worth $3,236,000. Plan Group Financial LLC purchased a new stake in Oaktree Specialty Lending during the second quarter worth about $2,416,000. Legal & General Group Plc purchased a new stake in Oaktree Specialty Lending during the second quarter worth about $8,980,000. Bruni J V & Co. Co. acquired a new position in Oaktree Specialty Lending during the second quarter worth about $29,549,160. Finally, Private Management Group Inc. grew its position in Oaktree Specialty Lending by 8.1% during the fourth quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock worth $41,524,000 after buying an additional 245,207 shares during the period. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a business development company that provides financing to middle-market companies. The company seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities, with an emphasis on credit opportunities that may be underserved by traditional lenders.

OCSL primarily invests in first-lien and second-lien loans, subordinated debt, and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses in the United States.