Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Receives Consensus Recommendation of “Reduce” from Analysts

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $14.25.

Several analysts have recently commented on OCSL shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Oaktree Specialty Lending in a research note on Monday, December 29th. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a report on Monday, December 15th. Finally, Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MTM Investment Management LLC bought a new position in Oaktree Specialty Lending in the second quarter valued at approximately $34,000. Abound Wealth Management acquired a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at $35,000. Sound Income Strategies LLC acquired a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at $42,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth $46,000. Finally, Allworth Financial LP acquired a new stake in shares of Oaktree Specialty Lending during the second quarter worth $48,000. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ:OCSL opened at $12.72 on Monday. The business has a fifty day moving average of $13.41 and a 200-day moving average of $13.56. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.20 and a current ratio of 0.20. Oaktree Specialty Lending has a twelve month low of $12.44 and a twelve month high of $16.29. The firm has a market cap of $1.12 billion, a PE ratio of 32.62 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. The firm had revenue of $76.87 million for the quarter, compared to analyst estimates of $76.51 million. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, equities research analysts predict that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.6%. The ex-dividend date was Monday, December 15th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 410.26%.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.