Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $16.42 Average PT from Analysts

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has received an average recommendation of “Reduce” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $16.42.

A number of equities research analysts recently commented on OCSL shares. Keefe, Bruyette & Woods decreased their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Tuesday. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Canton Hathaway LLC purchased a new position in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $44,000. Spire Wealth Management acquired a new stake in Oaktree Specialty Lending during the fourth quarter valued at $68,000. Geneos Wealth Management Inc. acquired a new stake in Oaktree Specialty Lending during the fourth quarter valued at $93,000. SG Americas Securities LLC purchased a new position in Oaktree Specialty Lending in the fourth quarter valued at $106,000. Finally, EMC Capital Management raised its position in shares of Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock worth $133,000 after acquiring an additional 3,026 shares during the period. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Down 2.5 %

NASDAQ:OCSL opened at $13.55 on Tuesday. The company has a market capitalization of $1.11 billion, a P/E ratio of 20.22 and a beta of 0.84. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending has a 12 month low of $12.50 and a 12 month high of $19.95. The firm has a fifty day simple moving average of $15.42 and a 200-day simple moving average of $15.73.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, hitting analysts’ consensus estimates of $0.54. The company had revenue of $86.65 million during the quarter, compared to analysts’ expectations of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, equities research analysts anticipate that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 11.81%. The ex-dividend date was Monday, March 17th. Oaktree Specialty Lending’s dividend payout ratio is currently 238.81%.

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.