Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The company traded as low as $15.24 and last traded at $15.46, with a volume of 254015 shares traded. The stock had previously closed at $15.49.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Oppenheimer reaffirmed a "market perform" rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. StockNews.com cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods cut their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 20th. Finally, Citizens Jmp lowered shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $16.75.
View Our Latest Stock Analysis on OCSL
Oaktree Specialty Lending Stock Down 0.7 %
The business has a 50 day moving average of $16.16 and a two-hundred day moving average of $17.08. The stock has a market capitalization of $1.26 billion, a PE ratio of 21.35 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19.
Oaktree Specialty Lending Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.31%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending's dividend payout ratio is currently 305.56%.
Institutional Investors Weigh In On Oaktree Specialty Lending
A number of hedge funds and other institutional investors have recently bought and sold shares of OCSL. Kovitz Investment Group Partners LLC purchased a new position in Oaktree Specialty Lending in the third quarter worth $2,849,000. TMD Wealth Management LLC grew its stake in Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider's stock worth $10,679,000 after buying an additional 78,404 shares during the last quarter. Private Management Group Inc. increased its position in Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider's stock valued at $22,958,000 after buying an additional 672,561 shares in the last quarter. Van ECK Associates Corp increased its position in Oaktree Specialty Lending by 21.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider's stock valued at $35,463,000 after buying an additional 327,416 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in Oaktree Specialty Lending by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider's stock valued at $6,664,000 after buying an additional 243,963 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.
Oaktree Specialty Lending Company Profile
(
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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.
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