Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Given Average Rating of “Hold” by Brokerages

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) have been given an average rating of “Hold” by the five analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have covered the stock in the last year is $11.8333.

OCSL has been the subject of several research reports. Zacks Research raised shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Monday, April 6th. JPMorgan Chase & Co. lowered their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating on the stock in a report on Friday, March 13th. Wall Street Zen cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Sunday, June 14th. Weiss Ratings upgraded Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 15th. Finally, Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a research note on Wednesday, May 6th.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC grew its stake in shares of Oaktree Specialty Lending by 118.3% in the 1st quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock valued at $35,000 after buying an additional 1,707 shares during the period. Garner Asset Management Corp purchased a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $38,000. Fifth Third Bancorp purchased a new position in Oaktree Specialty Lending in the first quarter worth approximately $41,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Oaktree Specialty Lending during the fourth quarter worth $42,000. Finally, Tower Research Capital LLC TRC increased its stake in Oaktree Specialty Lending by 1,025.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider’s stock worth $57,000 after acquiring an additional 3,793 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Performance

OCSL stock opened at $12.20 on Monday. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68. Oaktree Specialty Lending has a 12-month low of $10.63 and a 12-month high of $14.77. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 21.40 and a beta of 0.49. The business’s 50-day moving average is $11.98 and its 200 day moving average is $12.08.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $69.74 million for the quarter, compared to analyst estimates of $74.35 million. Oaktree Specialty Lending had a return on equity of 9.56% and a net margin of 16.66%.During the same period in the previous year, the company posted $0.45 earnings per share. On average, sell-side analysts anticipate that Oaktree Specialty Lending will post 1.5 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.8%. Oaktree Specialty Lending’s payout ratio is presently 210.53%.

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.