Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Receives $11.83 Consensus Target Price from Brokerages

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) have been given a consensus recommendation of “Hold” by the five analysts that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $11.8333.

OCSL has been the subject of several recent research reports. Zacks Research raised shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Wall Street Zen lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Sunday, June 14th. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research note on Monday, July 13th.

Oaktree Specialty Lending Stock Performance

OCSL opened at $11.68 on Friday. Oaktree Specialty Lending has a 12-month low of $10.63 and a 12-month high of $14.49. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $1.03 billion, a PE ratio of 20.49 and a beta of 0.49. The firm has a 50 day moving average of $11.90 and a two-hundred day moving average of $11.99.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $69.74 million during the quarter, compared to analysts’ expectations of $74.35 million. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%. During the same period in the previous year, the business posted $0.45 EPS. On average, analysts anticipate that Oaktree Specialty Lending will post 1.5 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 10.3%. The ex-dividend date of this dividend was Monday, June 15th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 210.53%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OCSL. Cornerstone Advisory LLC boosted its position in Oaktree Specialty Lending by 2.0% in the 1st quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider’s stock worth $494,000 after purchasing an additional 844 shares in the last quarter. Running Point Capital Advisors LLC increased its holdings in shares of Oaktree Specialty Lending by 3.1% during the 4th quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock valued at $367,000 after purchasing an additional 877 shares in the last quarter. Security National Bank lifted its stake in shares of Oaktree Specialty Lending by 40.6% in the 4th quarter. Security National Bank now owns 4,607 shares of the credit services provider’s stock valued at $59,000 after purchasing an additional 1,330 shares during the period. Muzinich & Co. Inc. lifted its stake in shares of Oaktree Specialty Lending by 0.5% in the 4th quarter. Muzinich & Co. Inc. now owns 332,569 shares of the credit services provider’s stock valued at $4,237,000 after purchasing an additional 1,663 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Oaktree Specialty Lending by 118.3% during the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock worth $35,000 after buying an additional 1,707 shares in the last quarter. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

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.