Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Receives Consensus Rating of “Hold” from Brokerages

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) has received an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating. The average 1-year price objective among brokerages that have covered the stock in the last year is $11.8333.

OCSL has been the subject of a number of research analyst reports. Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Wall Street Zen downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Sunday, June 14th. JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating for the company in a research report on Friday, March 13th. Finally, Weiss Ratings upgraded Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, April 15th.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $11.69 on Monday. The company has a market cap of $1.03 billion, a PE ratio of 20.51 and a beta of 0.50. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68. The stock has a 50-day moving average price of $12.06 and a 200-day moving average price of $12.13. Oaktree Specialty Lending has a 12-month low of $10.63 and a 12-month high of $14.77.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $69.74 million during the quarter, compared to the consensus estimate of $74.35 million. Oaktree Specialty Lending had a return on equity of 9.56% and a net margin of 16.66%.During the same quarter last year, the company posted $0.45 EPS. As a group, equities analysts forecast that Oaktree Specialty Lending will post 1.5 earnings per share for the current fiscal year.

Oaktree Specialty Lending Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.30 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.20 dividend on an annualized basis and a yield of 10.3%. Oaktree Specialty Lending’s payout ratio is presently 210.53%.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds have recently bought and sold shares of the company. Private Management Group Inc. lifted its position in Oaktree Specialty Lending by 8.1% in the 4th quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock worth $41,524,000 after buying an additional 245,207 shares during the last quarter. Bruni J V & Co. Co. lifted its position in Oaktree Specialty Lending by 0.3% in the 4th quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock worth $31,795,000 after buying an additional 8,691 shares during the last quarter. Van ECK Associates Corp lifted its position in Oaktree Specialty Lending by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,173,257 shares of the credit services provider’s stock worth $28,361,000 after buying an additional 134,557 shares during the last quarter. UBS Group AG lifted its position in Oaktree Specialty Lending by 47.5% in the 4th quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock worth $16,991,000 after buying an additional 429,303 shares during the last quarter. Finally, Rivernorth Capital Management LLC lifted its position in Oaktree Specialty Lending by 1.0% in the 1st quarter. Rivernorth Capital Management LLC now owns 1,279,906 shares of the credit services provider’s stock worth $14,463,000 after buying an additional 12,208 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

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.