Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives Average Rating of “Hold” from Analysts

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $16.75.

A number of analysts have recently weighed in on the stock. JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. B. Riley cut 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, Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several large investors have recently added to or reduced their stakes in OCSL. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after purchasing an additional 672,561 shares in the last quarter. Van ECK Associates Corp boosted its stake in 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 buying an additional 327,416 shares in the last quarter. Harbor Capital Advisors Inc. increased its holdings in Oaktree Specialty Lending by 148.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after buying an additional 243,963 shares during the period. TrueMark Investments LLC bought a new stake in Oaktree Specialty Lending in the 2nd quarter valued at $4,243,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter valued at approximately $2,849,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Up 1.8 %

Shares of OCSL stock opened at $16.28 on Thursday. The stock’s 50 day simple moving average is $16.15 and its 200 day simple moving average is $17.38. Oaktree Specialty Lending has a twelve month low of $15.40 and a twelve month high of $21.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 22.61 and a beta of 1.09.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 13.51%. The ex-dividend date of this dividend is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

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.