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

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned an average rating of “Reduce” from the seven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.75.

Several equities research analysts have commented on the stock. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JPMorgan Chase & Co. reaffirmed 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, November 20th. B. Riley lowered shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target on the stock. in a report on Wednesday, December 11th. Finally, JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th.

Institutional Investors Weigh In On Oaktree Specialty Lending

Institutional investors have recently bought and sold shares of the company. Confluence Investment Management LLC lifted its stake in Oaktree Specialty Lending by 0.5% in the 4th quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider’s stock worth $1,993,000 after purchasing an additional 689 shares in the last quarter. Cornerstone Wealth Management LLC lifted its stake in Oaktree Specialty Lending by 4.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 730 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in Oaktree Specialty Lending by 3.8% in the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock worth $372,000 after purchasing an additional 826 shares in the last quarter. Mandatum Life Insurance Co Ltd lifted its stake in Oaktree Specialty Lending by 2.3% in the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock worth $564,000 after purchasing an additional 830 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after purchasing an additional 998 shares in the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Up 0.6 %

Oaktree Specialty Lending stock opened at $15.78 on Tuesday. The business has a fifty day moving average of $15.51 and a two-hundred day moving average of $16.04. The firm has a market cap of $1.30 billion, a P/E ratio of 23.55 and a beta of 1.08. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending has a twelve month low of $14.89 and a twelve month high of $20.43.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The business’s quarterly revenue was down 11.6% on a year-over-year basis. On average, analysts forecast that Oaktree Specialty Lending will post 2.07 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 10.14%. The ex-dividend date is Monday, March 17th. Oaktree Specialty Lending’s payout ratio is 328.36%.

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.