Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Oaktree Specialty Lending, with all six covering firms issuing hold ratings and an average 12-month price target of $11.83.
• OCSL reported quarterly EPS of $0.37, slightly ahead of the $0.36 consensus estimate, while revenue of $69.15 million came in just below expectations.
• The company cut its quarterly dividend to $0.03 per share, equivalent to a 0.9% annualized yield; institutional investors currently own 36.79% of the stock.

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Get Free Report) have been assigned a consensus rating of "Hold" from the six research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.8333.

Several equities analysts have recently commented on OCSL shares. Wall Street Zen raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a report on Monday. B. Riley Financial restated a "neutral" rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Oaktree Specialty Lending from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th.

Institutional Trading of Oaktree Specialty Lending

Several hedge funds have recently bought and sold shares of OCSL. International Assets Investment Management LLC increased its stake in shares of Oaktree Specialty Lending by 118.3% in the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider's stock valued at $35,000 after purchasing an additional 1,707 shares during the period. Garner Asset Management Corp bought a new position in Oaktree Specialty Lending in the 4th quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. bought a new position in Oaktree Specialty Lending in the 2nd quarter worth approximately $40,000. Fifth Third Bancorp acquired a new stake in Oaktree Specialty Lending in the 1st quarter valued at approximately $41,000. Finally, Allworth Financial LP bought a new stake in Oaktree Specialty Lending during the 2nd quarter valued at $41,000. 36.79% of the stock is currently owned by institutional investors.

Oaktree Specialty Lending Trading Down 1.0%

NASDAQ OCSL opened at $12.85 on Tuesday. Oaktree Specialty Lending has a one year low of $10.63 and a one year high of $14.31. The company has a 50-day simple moving average of $12.05 and a 200-day simple moving average of $11.95. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $1.13 billion, a PE ratio of 26.77 and a beta of 0.49.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The firm had revenue of $69.15 million for the quarter, compared to analyst estimates of $69.40 million. On average, equities analysts forecast that Oaktree Specialty Lending will post 1.51 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.12 annualized dividend and a dividend yield of 0.9%. Oaktree Specialty Lending's dividend payout ratio is currently 250.00%.

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.

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