Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Given Consensus Recommendation of "Hold" by Brokerages

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

OCSL has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their target price 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 target 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. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. B. Riley assumed coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced 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 NASDAQ:OCSL traded down $0.08 during midday trading on Friday, reaching $13.56. 632,647 shares of the company's stock were exchanged, compared to its average volume of 758,675. Oaktree Specialty Lending has a 12 month low of $12.50 and a 12 month high of $19.05. The firm has a market capitalization of $1.19 billion, a PE ratio of 104.31 and a beta of 0.70. The company's 50 day simple moving average is $14.14 and its two-hundred day simple moving average is $14.97. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.23 and a current ratio of 0.23.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The credit services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.06). The firm had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a return on equity of 11.77% and a net margin of 2.55%. During the same period in the previous year, the business posted $0.56 EPS. Equities research analysts expect that Oaktree Specialty Lending will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending's payout ratio is currently 1,230.77%.

Insider Activity at Oaktree Specialty Lending

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. National Bank of Canada FI grew its holdings in shares of Oaktree Specialty Lending by 259.0% during the 1st quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider's stock valued at $26,000 after purchasing an additional 1,220 shares during the last quarter. SVB Wealth LLC bought a new position in shares of Oaktree Specialty Lending in the 1st quarter valued at $26,000. Canton Hathaway LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter valued at $44,000. PNC Financial Services Group Inc. bought a new stake in Oaktree Specialty Lending during the 1st quarter worth $47,000. Finally, Anchor Investment Management LLC bought a new stake in Oaktree Specialty Lending during the 1st quarter worth $49,000. Institutional investors and hedge funds own 36.79% of the company's stock.

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.