Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives Average Rating of “Hold” from Analysts

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has received an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $16.75.

Several equities analysts recently weighed in on OCSL shares. Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Wells Fargo & Company decreased their price target on 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. JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd.

Oaktree Specialty Lending Stock Up 1.8 %

Oaktree Specialty Lending stock opened at $16.28 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $16.15 and its two-hundred day moving average price is $17.38. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 22.61 and a beta of 1.09. Oaktree Specialty Lending has a 1-year low of $15.40 and a 1-year high of $21.64.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 annualized dividend and a yield of 13.51%. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several large investors have recently made changes to their positions in OCSL. Barclays PLC boosted its holdings in shares of Oaktree Specialty Lending by 2.1% in the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after buying an additional 2,140 shares during the last quarter. Adalta Capital Management LLC raised its position in Oaktree Specialty Lending by 12.0% in the third quarter. Adalta Capital Management LLC now owns 45,105 shares of the credit services provider’s stock worth $736,000 after acquiring an additional 4,840 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Oaktree Specialty Lending in the third quarter valued at about $508,000. MML Investors Services LLC bought a new position in shares of Oaktree Specialty Lending during the 3rd quarter valued at approximately $175,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Oaktree Specialty Lending during the 3rd quarter worth approximately $2,849,000. 36.79% of the stock is owned by hedge funds and other 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.