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

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have issued a report on the stock in the last year is $16.75.

A number of research firms have recently issued reports on OCSL. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Keefe, Bruyette & Woods cut their target price on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. Oppenheimer restated a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of OCSL. Van ECK Associates Corp lifted its holdings 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 valued at $32,567,000 after buying an additional 137,508 shares during the last quarter. Bruni J V & Co. Co. lifted its stake in Oaktree Specialty Lending by 1.3% in the third quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock valued at $24,975,000 after acquiring an additional 19,790 shares during the last quarter. Private Management Group Inc. grew 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 acquiring an additional 672,561 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Oaktree Specialty Lending by 7.5% during the 3rd 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 raised its holdings 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 in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Up 1.8 %

Shares of OCSL 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. Oaktree Specialty Lending has a 1-year low of $15.40 and a 1-year high of $21.64. The stock has a market capitalization of $1.34 billion, a P/E ratio of 22.61 and a beta of 1.09. The business’s 50-day moving average price is $16.15 and its 200 day moving average price is $17.38.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given 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 13.51%. Oaktree Specialty Lending’s payout ratio is 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.