Analysts Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) Price Target at $16.75

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) has received a consensus rating of "Reduce" from the seven analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.75.

Several analysts recently weighed in on the stock. JMP Securities cut shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. B. Riley lowered Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 price target on the stock. in a research report on Wednesday, December 11th. Wells Fargo & Company lowered their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a report on Wednesday, November 20th.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of large investors have recently bought and sold shares of the stock. Private Management Group Inc. boosted its position in shares of Oaktree Specialty Lending by 51.3% during the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock worth $32,534,000 after purchasing an additional 721,629 shares in the last quarter. Generali Asset Management SPA SGR bought a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $8,225,000. Rivernorth Capital Management LLC acquired a new stake in Oaktree Specialty Lending in the third quarter valued at approximately $6,598,000. Bruni J V & Co. Co. increased its holdings in shares of Oaktree Specialty Lending by 26.0% during the fourth quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock valued at $29,483,000 after acquiring an additional 398,241 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in shares of Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider's stock worth $6,664,000 after purchasing an additional 243,963 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Up 0.8 %

Oaktree Specialty Lending stock traded up $0.12 during trading hours on Tuesday, hitting $15.59. The stock had a trading volume of 496,611 shares, compared to its average volume of 624,045. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 23.27 and a beta of 1.08. The company has a quick ratio of 0.19, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The business's 50 day simple moving average is $15.57 and its 200-day simple moving average is $16.12. Oaktree Specialty Lending has a one year low of $14.89 and a one year high of $20.43.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The business had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. During the same quarter last year, the business earned $0.57 EPS. The firm's quarterly revenue was down 11.6% on a year-over-year basis. On average, equities analysts predict that Oaktree Specialty Lending will post 2.07 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.26%. Oaktree Specialty Lending's payout ratio is presently 328.36%.

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.