Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives Average Rating of “Reduce” from Brokerages

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have earned a consensus rating of “Reduce” from the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.75.

A number of analysts have weighed in on OCSL shares. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. Oppenheimer restated a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in shares of Oaktree Specialty Lending by 8.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 258,591 shares of the credit services provider’s stock valued at $4,864,000 after acquiring an additional 19,323 shares during the period. TrueMark Investments LLC acquired a new position in shares of Oaktree Specialty Lending during the 2nd quarter valued at $4,243,000. Commonwealth Equity Services LLC raised its stake in shares of Oaktree Specialty Lending by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 113,569 shares of the credit services provider’s stock worth $2,136,000 after buying an additional 2,094 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Oaktree Specialty Lending by 21.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock worth $35,463,000 after buying an additional 327,416 shares in the last quarter. Finally, Mandatum Life Insurance Co Ltd lifted its holdings in shares of Oaktree Specialty Lending by 60.0% in the second quarter. Mandatum Life Insurance Co Ltd now owns 20,230 shares of the credit services provider’s stock valued at $381,000 after buying an additional 7,588 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $15.18 on Monday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 21.08 and a beta of 1.07. Oaktree Specialty Lending has a 52 week low of $15.04 and a 52 week high of $21.64. The stock has a 50 day moving average of $16.07 and a 200-day moving average of $16.97.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.55 per share. The ex-dividend date is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 14.49%. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

About Oaktree Specialty Lending

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.