Oaktree Specialty Lending Co. (NASDAQ:OCSL) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Free Report) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $20.67.

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. JMP Securities restated a “market outperform” rating and issued a $21.00 target price on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th.

View Our Latest Research Report on Oaktree Specialty Lending

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OCSL. Melia Wealth LLC acquired a new stake in Oaktree Specialty Lending during the first quarter worth $13,168,000. Cercano Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the first quarter valued at $8,659,000. Trinity Financial Advisors LLC grew its stake in shares of Oaktree Specialty Lending by 106.2% in the fourth quarter. Trinity Financial Advisors LLC now owns 484,890 shares of the credit services provider’s stock valued at $9,901,000 after buying an additional 249,714 shares in the last quarter. Advisors Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the third quarter valued at $4,626,000. Finally, Van ECK Associates Corp grew its stake in shares of Oaktree Specialty Lending by 10.1% in the first quarter. Van ECK Associates Corp now owns 1,557,877 shares of the credit services provider’s stock valued at $30,628,000 after buying an additional 142,519 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $19.72 on Thursday. The company has a market capitalization of $1.61 billion, a P/E ratio of 14.72 and a beta of 1.09. The business’s 50 day moving average is $19.41 and its two-hundred day moving average is $19.94. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.59. Oaktree Specialty Lending has a 12-month low of $18.41 and a 12-month high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last released its earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.01). The firm had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $99.66 million. Oaktree Specialty Lending had a net margin of 25.90% and a return on equity of 12.16%. During the same quarter last year, the business earned $0.62 EPS. Analysts expect that Oaktree Specialty Lending will post 2.28 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.20 annualized dividend and a yield of 11.16%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 164.18%.

Oaktree Specialty Lending Company Profile

(Get Free Report

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.

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Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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