Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $18.25 Consensus Price Target from Analysts

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.25.

Several brokerages have recently commented on OCSL. JMP Securities cut their price target on Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 30th. B. Riley cut their target price on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Wells Fargo & Company lowered Oaktree Specialty Lending from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $18.00 to $17.00 in a research note on Monday, August 26th. Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. Finally, StockNews.com lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its holdings in shares of Oaktree Specialty Lending by 21.0% during the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock worth $35,463,000 after purchasing an additional 327,416 shares during the period. Claret Asset Management Corp lifted its holdings in shares of Oaktree Specialty Lending by 2.8% during the first quarter. Claret Asset Management Corp now owns 1,191,891 shares of the credit services provider’s stock worth $23,433,000 after purchasing an additional 32,989 shares during the period. Melia Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending during the first quarter worth about $13,168,000. TMD Wealth Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 16.0% during the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock worth $10,679,000 after purchasing an additional 78,404 shares during the period. Finally, Cercano Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the first quarter worth about $8,659,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

OCSL stock opened at $16.11 on Friday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $17.17 and its two-hundred day simple moving average is $18.57. Oaktree Specialty Lending has a twelve month low of $15.56 and a twelve month high of $21.64. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.02 and a beta of 1.09.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $94.97 million for the quarter, compared to analysts’ expectations of $99.35 million. Oaktree Specialty Lending had a net margin of 17.21% and a return on equity of 12.03%. Analysts predict that Oaktree Specialty Lending will post 2.24 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.66%. The ex-dividend date of this dividend is Monday, September 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 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.