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

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has been given an average recommendation of “Reduce” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $16.75.

OCSL has been the topic of several recent research reports. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. B. Riley lowered 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 research note on Wednesday, December 11th. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Oppenheimer restated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Confluence Investment Management LLC raised its stake in Oaktree Specialty Lending by 0.5% during the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock worth $1,993,000 after buying an additional 689 shares during the period. Cornerstone Wealth Management LLC increased its holdings in shares of Oaktree Specialty Lending by 4.8% in the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after acquiring an additional 730 shares in the last quarter. Integrated Advisors Network LLC raised its position in shares of Oaktree Specialty Lending by 3.8% during the third quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock worth $372,000 after purchasing an additional 826 shares during the period. Mandatum Life Insurance Co Ltd lifted its holdings in shares of Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock valued at $564,000 after purchasing an additional 830 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock valued at $309,000 after purchasing an additional 998 shares in the last quarter. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Performance

Shares of Oaktree Specialty Lending stock opened at $15.68 on Friday. The firm has a market cap of $1.29 billion, a P/E ratio of 21.78 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a 50 day simple moving average of $15.68 and a 200 day simple moving average of $16.47. Oaktree Specialty Lending has a fifty-two week low of $14.89 and a fifty-two week high of $21.64.

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 14.03%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s 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.