Oaktree Specialty Lending’s (OCSL) Market Perform Rating Reaffirmed at Oppenheimer

Oppenheimer reissued their market perform rating on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a research report released on Friday morning,Benzinga reports. The brokerage currently has a $18.00 target price on the credit services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated 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. Wells Fargo & Company dropped their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. B. Riley lowered their price objective on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, November 20th. Finally, StockNews.com upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Trading Up 1.1 %

Shares of Oaktree Specialty Lending stock opened at $16.02 on Friday. The firm’s 50-day moving average price is $16.15 and its two-hundred day moving average price is $17.40. Oaktree Specialty Lending has a 12-month low of $15.40 and a 12-month high of $21.64. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.25 and a beta of 1.09.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 13.73%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of large investors have recently modified their holdings of OCSL. PFS Partners LLC grew 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 valued at $32,000 after purchasing an additional 1,660 shares in the last quarter. Security National Bank purchased a new position in Oaktree Specialty Lending during the second quarter worth about $42,000. Brown Brothers Harriman & Co. purchased a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $56,000. Sunbelt Securities Inc. increased its holdings in shares of Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after buying an additional 1,820 shares during the last quarter. Finally, Bfsg LLC raised its position in shares of Oaktree Specialty Lending by 208.1% during 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 in the last quarter. 36.79% of the stock is currently owned by institutional investors.

About Oaktree Specialty Lending

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.