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

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has received a consensus rating of “Reduce” from the seven analysts that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $16.75.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Wells Fargo & Company lowered their price objective on shares of 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. Oppenheimer restated a “market perform” rating and issued a $18.00 target price on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Finally, B. Riley downgraded shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price target for the company. in a report on Wednesday, December 11th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of OCSL. Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the 4th quarter worth approximately $106,000. Kelleher Financial Advisors acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $164,000. Rezny Wealth Management Inc. boosted its stake in shares of Oaktree Specialty Lending by 6.4% in the 4th quarter. Rezny Wealth Management Inc. now owns 274,035 shares of the credit services provider’s stock valued at $4,187,000 after purchasing an additional 16,544 shares during the last quarter. Finally, Mandatum Life Insurance Co Ltd increased its position in shares of Oaktree Specialty Lending by 2.3% during the fourth quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider’s stock worth $564,000 after buying an additional 830 shares during the period. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Up 0.3 %

NASDAQ OCSL opened at $15.72 on Friday. The business has a fifty day moving average price of $15.66 and a two-hundred day moving average price of $16.37. The stock has a market capitalization of $1.29 billion, a PE ratio of 21.83 and a beta of 1.07. Oaktree Specialty Lending has a fifty-two week low of $14.89 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.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.55 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.99%. Oaktree Specialty Lending’s dividend payout ratio is 305.56%.

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.