Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Given Average Rating of “Hold” by Analysts

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) have been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $11.8333.

A number of research firms recently commented on OCSL. Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, August 7th. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research note on Wednesday, May 6th. B. Riley Financial reissued a “neutral” rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Monday.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $12.85 on Tuesday. The firm has a 50-day moving average price of $12.05 and a 200 day moving average price of $11.95. The firm has a market capitalization of $1.13 billion, a PE ratio of 26.77 and a beta of 0.49. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68. Oaktree Specialty Lending has a 52-week low of $10.63 and a 52-week high of $14.31.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $69.15 million for the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. On average, sell-side analysts anticipate that Oaktree Specialty Lending will post 1.51 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.03 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.12 annualized dividend and a yield of 0.9%. Oaktree Specialty Lending’s payout ratio is 250.00%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several large investors have recently made changes to their positions in OCSL. Garner Asset Management Corp acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $38,000. International Assets Investment Management LLC lifted its stake in Oaktree Specialty Lending by 118.3% during the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 1,707 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in Oaktree Specialty Lending during the second quarter worth approximately $40,000. Allworth Financial LP bought a new stake in Oaktree Specialty Lending during the second quarter worth approximately $41,000. Finally, Fifth Third Bancorp acquired a new position in Oaktree Specialty Lending in the first quarter worth approximately $41,000. Institutional investors own 36.79% of the company’s stock.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.