Oaktree Specialty Lending (NASDAQ:OCSL) PT Raised to $7.50

Oaktree Specialty Lending (NASDAQ:OCSLGet Rating) had its price target boosted by Wells Fargo & Company from $7.00 to $7.50 in a research note released on Wednesday morning, Stock Target Advisor reports. Wells Fargo & Company currently has an overweight rating on the credit services provider’s stock.

A number of other analysts have also recently weighed in on the stock. Hovde Group dropped their price objective on shares of Oaktree Specialty Lending to $7.00 in a report on Wednesday, October 5th. StockNews.com started coverage on shares of Oaktree Specialty Lending in a report on Wednesday, October 12th. They issued a sell rating on the stock. Finally, B. Riley increased their price objective on shares of Oaktree Specialty Lending from $6.25 to $7.50 and gave the stock a buy rating in a report on Wednesday.

Oaktree Specialty Lending Stock Up 0.6 %

OCSL stock opened at $7.14 on Wednesday. The company has a quick ratio of 0.10, a current ratio of 0.12 and a debt-to-equity ratio of 0.48. Oaktree Specialty Lending has a fifty-two week low of $5.86 and a fifty-two week high of $7.81. The firm’s 50-day simple moving average is $6.46 and its 200 day simple moving average is $6.72. The stock has a market cap of $1.31 billion, a PE ratio of 44.63 and a beta of 1.23.

Oaktree Specialty Lending Increases Dividend

The business also recently announced a None dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be paid a dividend of $0.32 per share. This is a boost from Oaktree Specialty Lending’s previous None dividend of $0.17. The ex-dividend date is Wednesday, December 14th. This represents a yield of 9.5%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 425.00%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several large investors have recently bought and sold shares of the stock. M Holdings Securities Inc. increased its stake in Oaktree Specialty Lending by 120.7% during the 3rd quarter. M Holdings Securities Inc. now owns 29,579 shares of the credit services provider’s stock valued at $177,000 after buying an additional 16,174 shares during the period. Advisory Research Inc. grew its stake in shares of Oaktree Specialty Lending by 1.4% in the 3rd quarter. Advisory Research Inc. now owns 190,635 shares of the credit services provider’s stock worth $1,144,000 after purchasing an additional 2,716 shares during the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of Oaktree Specialty Lending by 219.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 48,239 shares of the credit services provider’s stock worth $289,000 after purchasing an additional 33,139 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Oaktree Specialty Lending by 6.3% in the 3rd quarter. Neuberger Berman Group LLC now owns 584,321 shares of the credit services provider’s stock worth $3,506,000 after purchasing an additional 34,772 shares during the last quarter. Finally, Putnam Investments LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter worth approximately $181,000. Institutional investors and hedge funds own 59.78% of the company’s stock.

About Oaktree Specialty Lending

(Get Rating)

Oaktree Specialty Lending Corporation is a business development company 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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