Oaktree Specialty Lending (NASDAQ:OCSL) Sets New 1-Year Low - Should You Sell?

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $14.89 and last traded at $15.07, with a volume of 423648 shares changing hands. The stock had previously closed at $14.96.

Analyst Upgrades and Downgrades

A number of analysts have commented on OCSL shares. Oppenheimer reiterated a "market perform" rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Wells Fargo & Company lowered their price target 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. Citizens Jmp downgraded shares of Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. Finally, JMP Securities lowered Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Up 1.3 %

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's 50-day simple moving average is $15.70 and its two-hundred day simple moving average is $16.51. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 21.21 and a beta of 1.07.

Oaktree Specialty Lending Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.55 per share. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.41%. Oaktree Specialty Lending's payout ratio is currently 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several hedge funds have recently added to or reduced their stakes in OCSL. PFS Partners LLC lifted its position 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 valued at $32,000 after purchasing an additional 1,660 shares during the period. Brown Brothers Harriman & Co. bought a new stake in shares of Oaktree Specialty Lending during the second quarter worth approximately $56,000. Sunbelt Securities Inc. lifted its holdings in Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock valued at $127,000 after buying an additional 1,820 shares during the period. Bfsg LLC boosted its stake in Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock valued at $135,000 after acquiring an additional 5,576 shares during the last quarter. Finally, MML Investors Services LLC bought a new position in Oaktree Specialty Lending in the third 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.