Oaktree Specialty Lending’s (OCSL) Market Perform Rating Reiterated at Oppenheimer

Oppenheimer reiterated their market perform rating on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a research note published on Friday,Benzinga reports. Oppenheimer currently has a $18.00 price objective on the credit services provider’s stock.

OCSL has been the subject of a number of other research reports. Wells Fargo & Company dropped their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, B. Riley cut their price objective on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Trading Up 1.9 %

Shares of OCSL stock opened at $15.85 on Friday. Oaktree Specialty Lending has a fifty-two week low of $15.40 and a fifty-two week high of $21.64. The stock’s fifty day moving average price is $16.15 and its two-hundred day moving average price is $17.42. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market cap of $1.30 billion, a PE ratio of 22.01 and a beta of 1.09.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.55 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.88%. Oaktree Specialty Lending’s dividend payout ratio is 305.56%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp boosted its stake in shares of Oaktree Specialty Lending by 7.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after purchasing an additional 137,508 shares during the last quarter. Bruni J V & Co. Co. grew its stake 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 purchasing an additional 19,790 shares during the period. Private Management Group Inc. lifted its stake 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 valued at $22,958,000 after buying an additional 672,561 shares during the period. Pinnacle Associates Ltd. boosted its stake in Oaktree Specialty Lending by 7.5% during the third quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock worth $9,515,000 after acquiring an additional 40,641 shares in the last quarter. Finally, TMD Wealth Management LLC boosted 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 worth $10,679,000 after purchasing an additional 78,404 shares in the last quarter. 36.79% of the stock is owned by institutional investors.

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.