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

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, MarketBeat reports. Three research 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 brokerages that have covered the stock in the last year is $20.67.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. JMP Securities restated a “market outperform” rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OCSL. Everpar Advisors LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $1,543,000. Van ECK Associates Corp boosted its stake in shares of Oaktree Specialty Lending by 10.8% in the 4th quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock valued at $28,902,000 after purchasing an additional 137,929 shares during the last quarter. Melia Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $13,168,000. MRP Capital Investments LLC raised its stake in shares of Oaktree Specialty Lending by 3.2% during the fourth quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock worth $403,000 after buying an additional 616 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new position in Oaktree Specialty Lending in the third quarter valued at approximately $4,626,000. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $18.79 on Monday. The firm has a market capitalization of $1.53 billion, a P/E ratio of 14.02 and a beta of 1.09. Oaktree Specialty Lending has a 1 year low of $18.41 and a 1 year high of $21.64. The firm’s fifty day simple moving average is $19.24 and its 200 day simple moving average is $19.79. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.59.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. The firm had revenue of $94.03 million for the quarter, compared to analyst estimates of $99.66 million. During the same period last year, the business earned $0.62 earnings per share. As a group, sell-side analysts predict that Oaktree Specialty Lending will post 2.28 EPS for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 11.71%. The ex-dividend date was Friday, June 14th. Oaktree Specialty Lending’s payout ratio is presently 164.18%.

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.