Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) from a sell rating to a hold rating in a research report released on Monday.

OCSL has been the topic of several other reports. JPMorgan Chase & Co. dropped their price target on Oaktree Specialty Lending from $21.00 to $20.50 and set an overweight rating on the stock in a research note on Wednesday, February 8th. JMP Securities reissued a market outperform rating and set a $23.00 target price on shares of Oaktree Specialty Lending in a research note on Monday, March 13th. Finally, TheStreet downgraded shares of Oaktree Specialty Lending from a b- rating to a c rating in a research note on Tuesday, April 4th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $22.20.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $18.43 on Monday. The business has a 50-day moving average of $18.75 and a 200-day moving average of $19.91. Oaktree Specialty Lending has a 1 year low of $17.59 and a 1 year high of $21.75. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 204.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.08 and a quick ratio of 0.08.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The credit services provider reported $0.62 EPS for the quarter, meeting analysts’ consensus estimates of $0.62. Oaktree Specialty Lending had a net margin of 3.36% and a return on equity of 11.93%. The company had revenue of $96.30 million for the quarter, compared to analyst estimates of $91.89 million. During the same period in the prior year, the firm posted $0.54 EPS. As a group, equities research analysts anticipate that Oaktree Specialty Lending will post 2.51 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 11.94%. The ex-dividend date of this dividend is Wednesday, June 14th. Oaktree Specialty Lending’s dividend payout ratio is currently 2,445.80%.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kistler Tiffany Companies LLC acquired a new position in Oaktree Specialty Lending during the 1st quarter valued at about $48,000. Toronto Dominion Bank purchased a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $37,000. Deutsche Bank AG bought a new stake in Oaktree Specialty Lending during the fourth quarter worth $39,000. Parallel Advisors LLC purchased a new stake in Oaktree Specialty Lending in the 4th quarter valued at $41,000. Finally, Point72 Hong Kong Ltd bought a new position in Oaktree Specialty Lending during the 2nd quarter valued at $54,000. Institutional investors and hedge funds own 50.26% of the company’s stock.

Oaktree Specialty Lending Company Profile

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Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to private, small and mid-sized growing businesses. While fostering growth is our primary mission, a singular purpose drives all of our pursuits partnering for success.