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

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the seven analysts that are covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have covered the stock in the last year is $15.83.

OCSL has been the topic of a number of research reports. Wells Fargo & Company decreased their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods decreased their price objective on 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. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They issued a "neutral" rating and a $14.00 price objective on the stock. Wall Street Zen lowered Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price target on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 24th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently made changes to their positions in OCSL. SG Americas Securities LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $106,000. Geneos Wealth Management Inc. acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $93,000. PFG Investments LLC grew its position in shares of Oaktree Specialty Lending by 24.5% during the fourth quarter. PFG Investments LLC now owns 30,661 shares of the credit services provider's stock worth $468,000 after buying an additional 6,028 shares in the last quarter. Blue Trust Inc. grew its position in shares of Oaktree Specialty Lending by 83.3% during the fourth quarter. Blue Trust Inc. now owns 47,668 shares of the credit services provider's stock worth $777,000 after buying an additional 21,668 shares in the last quarter. Finally, EMC Capital Management grew its position in shares of Oaktree Specialty Lending by 53.2% during the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock worth $133,000 after buying an additional 3,026 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL traded down $0.05 during midday trading on Wednesday, reaching $14.60. 394,761 shares of the stock were exchanged, compared to its average volume of 754,095. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 21.79 and a beta of 0.74. Oaktree Specialty Lending has a twelve month low of $12.50 and a twelve month high of $19.80. The firm has a 50-day simple moving average of $14.23 and a two-hundred day simple moving average of $15.20. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The firm had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. During the same period in the previous year, the business earned $0.56 EPS. As a group, analysts anticipate that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 10.96%. The ex-dividend date is Monday, June 16th. Oaktree Specialty Lending's payout ratio is 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.