Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Receives $13.75 Consensus Target Price from Analysts

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) has earned a consensus recommendation of “Reduce” from the seven analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.75.

Several research analysts have recently weighed in on OCSL shares. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings cut Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 9th. Zacks Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research note on Monday, February 9th. Wall Street Zen upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Wells Fargo & Company reduced their target price on shares of Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th.

Oaktree Specialty Lending Stock Down 1.4%

Oaktree Specialty Lending stock opened at $11.67 on Tuesday. The company has a 50 day moving average of $12.47 and a 200-day moving average of $13.14. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.66. Oaktree Specialty Lending has a twelve month low of $11.28 and a twelve month high of $16.29. The stock has a market capitalization of $1.03 billion, a PE ratio of 32.42 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $74.48 million for the quarter, compared to analysts’ expectations of $75.72 million. Oaktree Specialty Lending had a net margin of 10.58% and a return on equity of 9.75%. During the same period in the previous year, the firm posted $0.54 EPS. On average, equities research analysts anticipate that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.60 annualized dividend and a dividend yield of 13.7%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 444.44%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Stonegate Investment Group LLC increased its position in shares of Oaktree Specialty Lending by 5.6% during the 3rd quarter. Stonegate Investment Group LLC now owns 15,171 shares of the credit services provider’s stock worth $198,000 after purchasing an additional 800 shares during the last quarter. Running Point Capital Advisors LLC grew its stake in shares of Oaktree Specialty Lending by 3.1% in the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock valued at $367,000 after buying an additional 877 shares in the last quarter. MRP Capital Investments LLC increased its holdings in Oaktree Specialty Lending by 8.3% during the second quarter. MRP Capital Investments LLC now owns 11,578 shares of the credit services provider’s stock worth $158,000 after buying an additional 891 shares during the last quarter. Creative Planning increased its holdings in Oaktree Specialty Lending by 1.9% during the second quarter. Creative Planning now owns 53,128 shares of the credit services provider’s stock worth $726,000 after buying an additional 996 shares during the last quarter. Finally, Close Asset Management Ltd lifted its stake in Oaktree Specialty Lending by 19.4% in the third quarter. Close Asset Management Ltd now owns 7,400 shares of the credit services provider’s stock valued at $97,000 after acquiring an additional 1,200 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.