Brokerages Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) Price Target at $16.42

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned an average recommendation of “Reduce” from the seven analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.42.

Several equities analysts have commented on OCSL shares. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. Keefe, Bruyette & Woods cut their price target on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating on the stock in a report on Tuesday.

Oaktree Specialty Lending Trading Down 2.5 %

Shares of OCSL opened at $13.55 on Tuesday. Oaktree Specialty Lending has a twelve month low of $12.50 and a twelve month high of $19.95. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $15.42 and its 200-day simple moving average is $15.73. The company has a market cap of $1.11 billion, a P/E ratio of 20.22 and a beta of 0.84.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. As a group, analysts expect that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.81%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 238.81%.

Institutional Trading of Oaktree Specialty Lending

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Private Management Group Inc. lifted its stake in shares of Oaktree Specialty Lending by 51.3% during the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock worth $32,534,000 after purchasing an additional 721,629 shares during the last quarter. Van ECK Associates Corp grew its stake in Oaktree Specialty Lending by 3.5% during the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider’s stock worth $32,006,000 after buying an additional 71,808 shares during the last quarter. Bruni J V & Co. Co. grew its stake in Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider’s stock worth $29,483,000 after buying an additional 398,241 shares during the last quarter. Claret Asset Management Corp increased its position in Oaktree Specialty Lending by 0.9% during the 4th quarter. Claret Asset Management Corp now owns 1,495,190 shares of the credit services provider’s stock valued at $22,846,000 after buying an additional 13,949 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at about $18,109,000. Institutional investors own 36.79% of the company’s stock.

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.