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

Key Points

• Oaktree Specialty Lending Corp. has received a consensus rating of "Reduce" from analysts, with one sell rating and seven hold ratings reported.
• The company's recent quarterly earnings showed an EPS of $0.37, falling short of analysts' expectations of $0.45, alongside a revenue of $75.27 million.
• Oaktree Specialty Lending announced a quarterly dividend of $0.40 per share, with a dividend yield of 12.3%, despite having a high dividend payout ratio of 285.71%.

Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Get Free Report) has earned a consensus rating of "Reduce" from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

Separately, Zacks Research cut Oaktree Specialty Lending from a "hold" rating to a "strong sell" rating in a research note on Thursday.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds have recently bought and sold shares of OCSL. Northern Trust Corp raised its stake in Oaktree Specialty Lending by 31.0% in the 4th quarter. Northern Trust Corp now owns 57,539 shares of the credit services provider's stock worth $879,000 after acquiring an additional 13,626 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Oaktree Specialty Lending by 16.6% in the 4th quarter. ProShare Advisors LLC now owns 14,910 shares of the credit services provider's stock worth $228,000 after buying an additional 2,124 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Oaktree Specialty Lending in the 4th quarter worth about $1,163,000. Confluence Investment Management LLC lifted its stake in Oaktree Specialty Lending by 4.6% in the 1st quarter. Confluence Investment Management LLC now owns 136,401 shares of the credit services provider's stock worth $2,095,000 after purchasing an additional 5,991 shares in the last quarter. Finally, Fiduciary Financial Group LLC lifted its stake in Oaktree Specialty Lending by 197.6% in the 1st quarter. Fiduciary Financial Group LLC now owns 53,610 shares of the credit services provider's stock worth $823,000 after purchasing an additional 35,595 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Oaktree Specialty Lending Stock Up 0.1%

Oaktree Specialty Lending stock opened at $13.06 on Friday. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 23.32 and a beta of 0.67. Oaktree Specialty Lending has a 12 month low of $12.50 and a 12 month high of $16.66. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $13.68 and a two-hundred day simple moving average of $14.11.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). The firm had revenue of $75.27 million during the quarter, compared to analysts' expectations of $79.14 million. Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.During the same quarter last year, the business earned $0.55 earnings per share. Equities analysts predict that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.3%. Oaktree Specialty Lending's dividend payout ratio is currently 285.71%.

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.

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