Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven ratings firms that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.75.
Several research analysts have recently commented on the company. Oppenheimer reissued a "market perform" rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Wells Fargo & Company lowered their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th. Citizens Jmp downgraded Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Finally, B. Riley decreased their price objective on Oaktree Specialty Lending from $17.00 to $15.00 and set a "neutral" rating for the company in a report on Wednesday, November 20th.
Check Out Our Latest Stock Analysis on OCSL
Oaktree Specialty Lending Stock Performance
Shares of Oaktree Specialty Lending stock traded up $0.28 during trading on Thursday, hitting $16.28. 678,845 shares of the company's stock traded hands, 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 business has a 50-day simple moving average of $16.15 and a 200-day simple moving average of $17.38. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $1.34 billion, a P/E ratio of 22.61 and a beta of 1.09.
Oaktree Specialty Lending Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 13.51%. The ex-dividend date of this dividend is Monday, December 16th. Oaktree Specialty Lending's payout ratio is 305.56%.
Institutional Investors Weigh In On Oaktree Specialty Lending
A number of hedge funds have recently added to or reduced their stakes in the business. PFS Partners LLC raised its holdings in shares of Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 1,660 shares in the last quarter. Security National Bank acquired a new stake in shares of Oaktree Specialty Lending in the second quarter valued at approximately $42,000. Brown Brothers Harriman & Co. acquired a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $56,000. Sunbelt Securities Inc. lifted its stake in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock valued at $127,000 after buying an additional 1,820 shares in the last quarter. Finally, Bfsg LLC grew its holdings in Oaktree Specialty Lending by 208.1% during the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock valued at $135,000 after buying an additional 5,576 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.
Oaktree Specialty Lending Company Profile
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Get Free ReportOaktree 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.
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