Analysts Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) Price Target at $20.67

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $20.67.

Several research firms have recently commented on OCSL. Wells Fargo & Company upped their price target on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. B. Riley lowered shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Monday, January 8th. JPMorgan Chase & Co. reduced their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Keefe, Bruyette & Woods lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $22.00 to $19.00 in a report on Friday, February 2nd.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $19.74 on Wednesday. Oaktree Specialty Lending has a fifty-two week low of $17.99 and a fifty-two week high of $21.64. The business has a 50-day simple moving average of $19.62 and a two-hundred day simple moving average of $19.93. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.25 and a current ratio of 0.25. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 13.07 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, February 1st. The credit services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). Oaktree Specialty Lending had a net margin of 28.81% and a return on equity of 12.22%. The business had revenue of $97.99 million for the quarter, compared to analysts’ expectations of $99.48 million. During the same period in the previous year, the company earned $0.61 EPS. On average, analysts expect that Oaktree Specialty Lending will post 2.31 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 11.14%. The ex-dividend date was Thursday, March 14th. Oaktree Specialty Lending’s dividend payout ratio is 145.70%.

Insider Buying and Selling

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell purchased 2,000 shares of the company’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the purchase, the director now directly owns 11,166 shares of the company’s stock, valued at approximately $224,101.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.29% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $39,000. Deutsche Bank AG bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $39,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $41,000. Point72 Hong Kong Ltd bought a new position in shares of Oaktree Specialty Lending during the 2nd quarter valued at approximately $54,000. Finally, US Bancorp DE boosted its position in shares of Oaktree Specialty Lending by 375.4% during the 4th quarter. US Bancorp DE now owns 3,166 shares of the credit services provider’s stock valued at $65,000 after acquiring an additional 2,500 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Company Profile

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.