Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded at StockNews.com

StockNews.com upgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a sell rating to a hold rating in a research note released on Wednesday morning.

OCSL has been the subject of several other research reports. B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, December 11th. Keefe, Bruyette & Woods reduced their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Finally, Citizens Jmp lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Oaktree Specialty Lending currently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $15.18 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $16.09 and a 200 day moving average of $17.02. Oaktree Specialty Lending has a 12-month low of $15.04 and a 12-month high of $21.64. The stock has a market cap of $1.25 billion, a PE ratio of 21.08 and a beta of 1.07.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 14.49%. The ex-dividend date of this dividend is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Institutional investors and hedge funds have recently made changes to their positions in the stock. PFS Partners LLC boosted its position in shares of Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after purchasing an additional 1,660 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Oaktree Specialty Lending during the second quarter worth $56,000. Sunbelt Securities Inc. grew its stake in shares of Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after buying an additional 1,820 shares in the last quarter. Bfsg LLC raised its holdings in shares of Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after buying an additional 5,576 shares during the period. Finally, MML Investors Services LLC acquired a new position in Oaktree Specialty Lending during the 3rd quarter worth about $175,000. 36.79% of the stock is owned by hedge funds and other 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.