Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $16.75 Average Target Price from Analysts

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has been given a consensus recommendation of “Reduce” by the seven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $16.75.

A number of equities analysts recently commented on the stock. Oppenheimer reaffirmed a “market perform” rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of OCSL. 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 in the last quarter. Bruni J V & Co. Co. boosted its position 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 buying an additional 19,790 shares in the last quarter. 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 valued at $22,958,000 after buying an additional 672,561 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of 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 buying an additional 40,641 shares during the last quarter. Finally, TMD Wealth Management LLC increased its holdings in shares of Oaktree Specialty Lending by 16.0% during the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after buying an additional 78,404 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 0.3 %

OCSL stock opened at $15.26 on Monday. Oaktree Specialty Lending has a fifty-two week low of $14.95 and a fifty-two week 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 0.19. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 21.19 and a beta of 1.07. The business’s fifty day moving average price is $15.93 and its two-hundred day moving average price is $16.83.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.42%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 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.