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

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has been given an average rating of “Reduce” by the seven research firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.75.

Several research analysts have recently commented on OCSL shares. Wells Fargo & Company lowered 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 report on Tuesday, October 29th. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a research report on Wednesday, December 11th. Oppenheimer restated 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. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th.

Institutional Trading of Oaktree Specialty Lending

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kovitz Investment Group Partners LLC acquired a new stake in Oaktree Specialty Lending in the third quarter valued at $2,849,000. Barclays PLC raised its stake in Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after buying an additional 2,140 shares in the last quarter. Stifel Financial Corp raised its stake in Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after buying an additional 9,495 shares in the last quarter. Private Management Group Inc. raised its stake 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. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the third quarter worth about $6,598,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $15.64 on Friday. The business has a fifty day moving average of $15.64 and a two-hundred day moving average of $16.36. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 21.72 and a beta of 1.07. Oaktree Specialty Lending has a 52-week low of $14.89 and a 52-week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 14.07%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is presently 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.