Oaktree Specialty Lending (NASDAQ:OCSL) Price Target Cut to $15.00 by Analysts at Keefe, Bruyette & Woods

Oaktree Specialty Lending (NASDAQ:OCSL) had its target price trimmed by Keefe, Bruyette & Woods from $16.50 to $15.00 in a report published on Tuesday,Benzinga reports. The firm currently has a market perform rating on the credit services provider’s stock.

A number of other research analysts have also issued reports on the company. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.42.

Oaktree Specialty Lending Trading Down 2.5 %

Shares of Oaktree Specialty Lending stock opened at $13.55 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market capitalization of $1.11 billion, a P/E ratio of 20.22 and a beta of 0.84. Oaktree Specialty Lending has a 1 year low of $12.50 and a 1 year high of $19.95. The company’s fifty day moving average is $15.42 and its two-hundred day moving average is $15.73.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. The firm had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The business’s revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.57 earnings per share. Analysts forecast that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.81%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 238.81%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth $18,109,000. Invesco Ltd. grew its position in Oaktree Specialty Lending by 1,300.1% during the fourth quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider’s stock worth $13,384,000 after buying an additional 813,352 shares during the period. Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 51.3% in the fourth quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider’s stock valued at $32,534,000 after buying an additional 721,629 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at approximately $9,959,000. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $8,225,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

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.