B. Riley Issues Pessimistic Forecast for Oaktree Specialty Lending (NASDAQ:OCSL) Stock Price

Oaktree Specialty Lending (NASDAQ:OCSL) had its target price reduced by B. Riley from $17.00 to $15.00 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the credit services provider’s stock. B. Riley also issued estimates for Oaktree Specialty Lending’s Q1 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $2.20 EPS.

A number of other research firms have also recently commented on OCSL. Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Friday, August 2nd. Wells Fargo & Company decreased their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Stock Performance

OCSL opened at $15.85 on Wednesday. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 22.01 and a beta of 1.09. The business’s 50-day moving average price is $16.15 and its two-hundred day moving average price is $17.44. Oaktree Specialty Lending has a 1 year low of $15.40 and a 1 year high of $21.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.17.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.88%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of Oaktree Specialty Lending by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock worth $32,567,000 after buying an additional 137,508 shares in the last quarter. Bruni J V & Co. Co. lifted its holdings in Oaktree Specialty Lending by 1.3% during the third quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock worth $24,975,000 after acquiring an additional 19,790 shares during the period. Private Management Group Inc. boosted its position in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after purchasing an additional 672,561 shares during the last quarter. Pinnacle Associates Ltd. boosted its position in Oaktree Specialty Lending by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock worth $9,515,000 after purchasing an additional 40,641 shares during the last quarter. Finally, TMD Wealth Management LLC increased its position in shares of Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after purchasing an additional 78,404 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Company Profile

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.