Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $16.75 Average Price Target from Analysts

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) have earned a consensus rating of "Reduce" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.75.

A number of brokerages recently commented on OCSL. Citizens Jmp lowered shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. JMP Securities lowered Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their price objective on 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. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th.

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Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently made changes to their positions in OCSL. Confluence Investment Management LLC increased its holdings in Oaktree Specialty Lending by 0.5% during the fourth quarter. Confluence Investment Management LLC now owns 130,410 shares of the credit services provider's stock worth $1,993,000 after buying an additional 689 shares during the last quarter. Mandatum Life Insurance Co Ltd increased its stake in shares of Oaktree Specialty Lending by 2.3% during the 4th quarter. Mandatum Life Insurance Co Ltd now owns 36,915 shares of the credit services provider's stock worth $564,000 after purchasing an additional 830 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider's stock valued at $309,000 after purchasing an additional 998 shares during the period. 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 during the period. Finally, Jackson Hole Capital Partners LLC lifted its stake in Oaktree Specialty Lending by 10.9% in the 4th quarter. Jackson Hole Capital Partners LLC now owns 18,651 shares of the credit services provider's stock valued at $285,000 after purchasing an additional 1,830 shares during the last quarter. Institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Trading Up 0.8 %

Shares of Oaktree Specialty Lending stock traded up $0.13 during trading on Friday, reaching $16.11. 936,558 shares of the company were exchanged, compared to its average volume of 687,795. Oaktree Specialty Lending has a twelve month low of $14.89 and a twelve month high of $20.01. The business has a 50-day moving average price of $15.66 and a 200-day moving average price of $16.01. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 24.05 and a beta of 1.05.

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 EPS for the quarter, hitting the consensus estimate of $0.54. The business had revenue of $86.65 million for the quarter, compared to the consensus estimate 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 last year, the business posted $0.57 EPS. Sell-side analysts anticipate that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 dividend on an annualized basis and a yield of 9.93%. Oaktree Specialty Lending's dividend payout ratio is 238.81%.

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.