Brokerages Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) PT at $16.42

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) have received an average rating of "Reduce" from the seven research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.42.

OCSL has been the topic of several recent research reports. StockNews.com upgraded Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. Keefe, Bruyette & Woods lowered their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th.

Oaktree Specialty Lending Stock Up 0.1 %

Shares of NASDAQ OCSL traded up $0.02 during midday trading on Tuesday, hitting $13.57. The company's stock had a trading volume of 1,037,874 shares, compared to its average volume of 739,206. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.30 and a quick ratio of 0.30. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 20.25 and a beta of 0.84. The business's fifty day simple moving average is $15.39 and its two-hundred day simple moving average is $15.71. Oaktree Specialty Lending has a 1 year low of $12.50 and a 1 year high of $19.95.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $0.54 EPS for the quarter, meeting the consensus estimate of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million during the quarter, compared to analysts' expectations of $91.93 million. During the same quarter last year, the company posted $0.57 EPS. The firm's revenue was down 11.6% compared to the same quarter last year. On average, equities analysts predict that Oaktree Specialty Lending will post 2.06 EPS 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date of this dividend was Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is 238.81%.

Institutional Trading of Oaktree Specialty Lending

Several institutional investors have recently modified their holdings of OCSL. Canton Hathaway LLC acquired a new stake in Oaktree Specialty Lending during the 4th quarter worth $44,000. Spire Wealth Management purchased a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $68,000. Geneos Wealth Management Inc. acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $93,000. SG Americas Securities LLC purchased a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at about $106,000. Finally, EMC Capital Management boosted its position in shares of Oaktree Specialty Lending by 53.2% in the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after purchasing an additional 3,026 shares during the period. Hedge funds and other institutional investors own 36.79% of the company's stock.

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.