Oaktree Specialty Lending (NASDAQ:OCSL) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a sell rating to a hold rating in a report released on Wednesday morning.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday. 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 on the stock in a research note on Wednesday. B. Riley cut their target price on shares of Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Trading Up 1.9 %

Shares of Oaktree Specialty Lending stock opened at $15.85 on Wednesday. The stock has a market cap of $1.30 billion, a PE ratio of 22.01 and a beta of 1.09. The firm has a fifty day moving average price of $16.15 and a 200 day moving average price of $17.45. 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 0.61, a current ratio of 0.17 and a quick ratio of 0.17.

Oaktree Specialty Lending Announces Dividend

The business also recently declared 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 of this dividend 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 is currently 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC acquired a new position in shares of Oaktree Specialty Lending during the 1st quarter worth about $210,000. Advisors Asset Management Inc. increased its position in shares of Oaktree Specialty Lending by 5.3% during the first quarter. Advisors Asset Management Inc. now owns 221,235 shares of the credit services provider’s stock worth $4,349,000 after purchasing an additional 11,211 shares in the last quarter. Gabelli Funds LLC raised its stake in Oaktree Specialty Lending by 3.2% in the 1st quarter. Gabelli Funds LLC now owns 168,375 shares of the credit services provider’s stock valued at $3,310,000 after purchasing an additional 5,155 shares during the last quarter. Adalta Capital Management LLC lifted its holdings in Oaktree Specialty Lending by 165.8% in the 1st quarter. Adalta Capital Management LLC now owns 39,475 shares of the credit services provider’s stock valued at $776,000 after purchasing an additional 24,625 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in Oaktree Specialty Lending by 286.4% during the 1st quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock worth $988,000 after purchasing an additional 37,242 shares during the last quarter. 36.79% of the stock is owned by hedge funds and other 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.