Oaktree Specialty Lending (NASDAQ:OCSL) Reaches New 52-Week Low - Here's What Happened

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report)'s share price hit a new 52-week low during trading on Wednesday . The company traded as low as $14.94 and last traded at $15.02, with a volume of 62739 shares changing hands. The stock had previously closed at $15.08.

Analyst Ratings Changes

Several analysts have recently commented on OCSL shares. Oppenheimer reiterated a "market perform" rating and set a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JMP Securities lowered shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research report on Tuesday, November 19th. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Wednesday, December 18th. 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 on the stock in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $16.75.

Oaktree Specialty Lending Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $1.24 billion, a P/E ratio of 20.89 and a beta of 1.07. The firm has a 50-day moving average of $15.76 and a 200-day moving average of $16.60.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 14.63%. Oaktree Specialty Lending's dividend payout ratio is currently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Institutional investors and hedge funds have recently modified their holdings of the stock. PFS Partners LLC grew its stake 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 worth $32,000 after buying an additional 1,660 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Oaktree Specialty Lending during the second quarter worth approximately $56,000. Sunbelt Securities Inc. increased its stake in Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock worth $127,000 after acquiring an additional 1,820 shares during the last quarter. Bfsg LLC raised its position in Oaktree Specialty Lending by 208.1% during the third 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. Finally, MML Investors Services LLC bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter valued at approximately $175,000. 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.