Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives Consensus Rating of "Reduce" from Analysts

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report) have received an average recommendation of "Reduce" from the seven research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $16.00.

OCSL has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their target price 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. StockNews.com cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday. Finally, JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 24th.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock traded up $0.01 during trading hours on Friday, hitting $13.43. The company's stock had a trading volume of 809,038 shares, compared to its average volume of 753,995. The business has a fifty day moving average of $14.87 and a 200-day moving average of $15.46. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 20.05 and a beta of 0.74. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending has a twelve month low of $12.50 and a twelve month high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its earnings results on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing the consensus estimate 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 business had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the previous year, the company posted $0.56 earnings per share. As a group, equities research analysts anticipate that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.91%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is currently 1,230.77%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Canton Hathaway LLC bought a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth $44,000. Spire Wealth Management acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at about $68,000. Geneos Wealth Management Inc. bought a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $93,000. SG Americas Securities LLC acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $106,000. Finally, EMC Capital Management boosted its stake in Oaktree Specialty Lending by 53.2% during the 4th quarter. EMC Capital Management now owns 8,714 shares of the credit services provider's stock valued at $133,000 after purchasing an additional 3,026 shares during the period. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Company Profile

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.