Analysts Set Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Price Target at $14.25

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) have been given an average recommendation of “Reduce” by the seven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.25.

Several research firms recently weighed in on OCSL. Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Thursday, October 9th. Lucid Cap Mkts raised shares of Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Oaktree Specialty Lending in a research report on Monday, December 29th.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $12.51 on Monday. Oaktree Specialty Lending has a 52 week low of $12.41 and a 52 week high of $16.29. The firm has a market capitalization of $1.10 billion, a P/E ratio of 32.08 and a beta of 0.52. The company has a fifty day simple moving average of $13.33 and a two-hundred day simple moving average of $13.54. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings results on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.02. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. The firm had revenue of $76.87 million during the quarter, compared to the consensus estimate of $76.51 million. During the same quarter last year, the firm earned $0.45 EPS. Analysts anticipate that Oaktree Specialty Lending will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 12.8%. The ex-dividend date was Monday, December 15th. Oaktree Specialty Lending’s dividend payout ratio is presently 410.26%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC purchased a new stake in Oaktree Specialty Lending in the second quarter worth $34,000. Abound Wealth Management purchased a new position in Oaktree Specialty Lending in the 2nd quarter worth about $35,000. Anchor Investment Management LLC bought a new stake in Oaktree Specialty Lending during the 1st quarter valued at about $49,000. Sound Income Strategies LLC purchased a new stake in Oaktree Specialty Lending in the 3rd quarter valued at about $42,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Oaktree Specialty Lending in the 2nd quarter valued at about $46,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.