Brokerages Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) Target Price at $16.75

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned an average rating of “Reduce” from the seven brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $16.75.

Several brokerages have recently weighed in on OCSL. Keefe, Bruyette & Woods lowered their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. 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. Citizens Jmp cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Oppenheimer restated a “market perform” rating and set a $18.00 target price on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Finally, B. Riley cut shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a research note on Wednesday, December 11th.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kovitz Investment Group Partners LLC purchased a new position in shares of Oaktree Specialty Lending in the third quarter valued at $2,849,000. Barclays PLC grew its holdings in shares of Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after purchasing an additional 2,140 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Oaktree Specialty Lending by 21.2% in the third quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider’s stock valued at $885,000 after purchasing an additional 9,495 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after purchasing an additional 672,561 shares in the last quarter. Finally, Rivernorth Capital Management LLC purchased a new position in shares of Oaktree Specialty Lending in the third quarter valued at $6,598,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $15.68 on Friday. The firm’s 50 day moving average price is $15.67 and its 200-day moving average price is $16.41. Oaktree Specialty Lending has a twelve month low of $14.89 and a twelve 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 stock has a market capitalization of $1.29 billion, a PE ratio of 21.78 and a beta of 1.07.

Oaktree Specialty Lending Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 14.03%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s payout ratio is currently 305.56%.

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.