Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $15.95, but opened at $15.38. Oaktree Specialty Lending shares last traded at $15.49, with a volume of 343,135 shares.
Wall Street Analyst Weigh In
OCSL has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. Citizens Jmp lowered Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, November 20th. Finally, 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. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, Oaktree Specialty Lending presently has a consensus rating of "Hold" and an average target price of $16.75.
Get Our Latest Stock Report on Oaktree Specialty Lending
Oaktree Specialty Lending Stock Down 0.5 %
The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.50 and a beta of 1.08. The firm's 50 day moving average is $15.61 and its two-hundred day moving average is $16.18. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62.
Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.54. The business had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. Oaktree Specialty Lending had a net margin of 15.17% and a return on equity of 11.91%. The company's quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. On average, sell-side analysts predict that Oaktree Specialty Lending Co. will post 2.06 EPS for the current year.
Oaktree Specialty Lending Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 10.34%. The ex-dividend date of this dividend is Monday, March 17th. Oaktree Specialty Lending's dividend payout ratio (DPR) is 305.56%.
Hedge Funds Weigh In On Oaktree Specialty Lending
Hedge funds have recently made changes to their positions in the stock. Private Management Group Inc. raised its holdings in shares of Oaktree Specialty Lending by 51.3% in the 4th quarter. Private Management Group Inc. now owns 2,129,202 shares of the credit services provider's stock worth $32,534,000 after purchasing an additional 721,629 shares during the period. Van ECK Associates Corp boosted its holdings in Oaktree Specialty Lending by 3.5% in the 4th quarter. Van ECK Associates Corp now owns 2,094,609 shares of the credit services provider's stock worth $32,006,000 after acquiring an additional 71,808 shares during the period. Bruni J V & Co. Co. increased its stake in Oaktree Specialty Lending by 26.0% during the 4th quarter. Bruni J V & Co. Co. now owns 1,929,491 shares of the credit services provider's stock worth $29,483,000 after buying an additional 398,241 shares during the period. Pinnacle Associates Ltd. lifted its holdings in Oaktree Specialty Lending by 7.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider's stock worth $9,515,000 after buying an additional 40,641 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Oaktree Specialty Lending by 148.2% during 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 acquiring an additional 243,963 shares in the last quarter. Institutional investors and hedge funds 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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