Brokerages Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) PT at $15.83

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) have received an average rating of "Hold" from the seven ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $15.83.

Several equities analysts have recently issued reports on the company. B. Riley began coverage on Oaktree Specialty Lending in a research note on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price target on the stock. Wall Street Zen lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. Wells Fargo & Company dropped their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Insider Buying and Selling at Oaktree Specialty Lending

In other news, Director Craig A. Jacobson purchased 14,910 shares of the firm's stock in a transaction dated Tuesday, May 6th. The stock was bought at an average price of $13.41 per share, with a total value of $199,943.10. Following the acquisition, the director now directly owns 71,667 shares of the company's stock, valued at approximately $961,054.47. This represents a 26.27% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Armen Panossian acquired 8,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was purchased at an average price of $14.13 per share, with a total value of $113,040.00. Following the transaction, the insider now owns 20,789 shares in the company, valued at $293,748.57. This represents a 62.55% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On Oaktree Specialty Lending

Large investors have recently modified their holdings of the business. Westbourne Investments Inc. bought a new position in shares of Oaktree Specialty Lending during the 1st quarter valued at about $154,000. Anchor Investment Management LLC bought a new position in Oaktree Specialty Lending in the first quarter valued at approximately $49,000. Arete Wealth Advisors LLC bought a new position in Oaktree Specialty Lending in the first quarter valued at approximately $160,000. Caxton Associates LLP acquired a new position in shares of Oaktree Specialty Lending in the first quarter valued at approximately $725,000. Finally, Sciencast Management LP bought a new stake in shares of Oaktree Specialty Lending during the first quarter worth $174,000. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Price Performance

OCSL traded up $0.19 during midday trading on Wednesday, hitting $14.65. The company had a trading volume of 720,016 shares, compared to its average volume of 755,788. Oaktree Specialty Lending has a twelve month low of $12.50 and a twelve month high of $19.80. The company has a market capitalization of $1.29 billion, a PE ratio of 21.87 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.30 and a current ratio of 0.30. The firm's 50-day simple moving average is $14.27 and its 200-day simple moving average is $15.23.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same period in the prior year, the business earned $0.56 EPS. 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 will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio is currently 1,230.77%.

About Oaktree Specialty Lending

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.