Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives Consensus Recommendation of "Hold" from Analysts

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) has received a consensus recommendation of "Hold" from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $16.75.

Several equities analysts have recently issued reports on the stock. Oppenheimer reaffirmed a "market perform" rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Citizens Jmp cut Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, November 20th. JMP Securities downgraded Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company dropped their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th.

Institutional Trading of Oaktree Specialty Lending

Hedge funds have recently made changes to their positions in the stock. Private Management Group Inc. boosted its position in Oaktree Specialty Lending by 91.5% during 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 during the last quarter. Van ECK Associates Corp increased its stake in shares of Oaktree Specialty Lending by 21.0% in the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider's stock valued at $35,463,000 after buying an additional 327,416 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in Oaktree Specialty Lending by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider's stock worth $6,664,000 after acquiring an additional 243,963 shares during the last quarter. TrueMark Investments LLC acquired a new stake in Oaktree Specialty Lending in the 2nd quarter valued at about $4,243,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Oaktree Specialty Lending in the third quarter worth about $2,849,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Stock Up 1.8 %

Shares of OCSL traded up $0.28 during midday trading on Thursday, reaching $16.28. 678,845 shares of the company were exchanged, compared to its average volume of 664,760. Oaktree Specialty Lending has a 1-year low of $15.40 and a 1-year high of $21.64. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 22.61 and a beta of 1.09. The stock has a 50-day moving average price of $16.15 and a 200-day moving average price of $17.38.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 annualized dividend and a yield of 13.51%. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 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.