Oaktree Specialty Lending (NASDAQ:OCSL) Lowered to Sell Rating by B. Riley

B. Riley cut shares of Oaktree Specialty Lending (NASDAQ:OCSL - Free Report) from a neutral rating to a sell rating in a research report released on Wednesday morning, Marketbeat.com reports. B. Riley currently has $15.00 price target on the credit services provider's stock.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Tuesday. Oppenheimer restated a "market perform" rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Wells Fargo & Company reduced their price objective on shares of 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. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $15.00 target price (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Finally, Citizens Jmp cut shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of "Hold" and an average price target of $16.75.

Oaktree Specialty Lending Stock Down 1.2 %

OCSL traded down $0.20 during trading hours on Wednesday, reaching $16.13. 711,961 shares of the stock traded hands, compared to its average volume of 662,560. Oaktree Specialty Lending has a fifty-two week low of $15.40 and a fifty-two week high of $21.64. 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 company has a market cap of $1.33 billion, a price-to-earnings ratio of 22.68 and a beta of 1.07. The firm's fifty day simple moving average is $16.19 and its two-hundred day simple moving average is $17.17.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 annualized dividend and a yield of 13.64%. Oaktree Specialty Lending's dividend payout ratio (DPR) is 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several institutional investors have recently made changes to their positions in OCSL. PFS Partners LLC grew its stake in Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock worth $32,000 after buying an additional 1,660 shares during the last quarter. Security National Bank bought a new position in shares of Oaktree Specialty Lending during the second quarter worth about $42,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Oaktree Specialty Lending in the 2nd quarter worth about $56,000. Sunbelt Securities Inc. boosted its stake in Oaktree Specialty Lending by 37.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock valued at $127,000 after purchasing an additional 1,820 shares during the period. Finally, Bfsg LLC boosted its stake 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 purchasing an additional 5,576 shares during the period. 36.79% of the stock is owned by institutional investors.

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.