Analysts Set Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Target Price at $15.83

Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Get Free Report) has been given an average rating of "Hold" by the seven analysts that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.83.

OCSL has been the subject of several research reports. Wells Fargo & Company reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. B. Riley started coverage on Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 price objective for the company. Wall Street Zen cut Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Keefe, Bruyette & Woods decreased their target price on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 24th.

Oaktree Specialty Lending Price Performance

OCSL traded down $0.42 on Thursday, reaching $14.26. The company had a trading volume of 890,879 shares, compared to its average volume of 756,904. The company has a fifty day moving average of $14.15 and a 200-day moving average of $14.79. The company has a market capitalization of $1.26 billion, a P/E ratio of 109.69 and a beta of 0.68. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending has a one year low of $12.50 and a one year high of $18.46.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The credit services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). Oaktree Specialty Lending had a return on equity of 11.77% and a net margin of 2.55%. The company had revenue of $70.52 million during the quarter, compared to analysts' expectations of $84.67 million. During the same period last year, the company earned $0.56 earnings per share. As a group, equities research analysts anticipate that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 11.22%. The ex-dividend date of this dividend was Monday, June 16th. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 1,230.77%.

Insider Buying and Selling at Oaktree Specialty Lending

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

Institutional Trading of Oaktree Specialty Lending

Several large investors have recently bought and sold shares of OCSL. National Bank of Canada FI boosted its stake in shares of Oaktree Specialty Lending by 259.0% during the first 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 in the last quarter. SVB Wealth LLC bought a new stake in Oaktree Specialty Lending in the first quarter worth approximately $26,000. Abound Wealth Management bought a new stake in shares of Oaktree Specialty Lending during the second quarter valued at approximately $35,000. PNC Financial Services Group Inc. bought a new stake in shares of Oaktree Specialty Lending during the first quarter valued at approximately $47,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Oaktree Specialty Lending during the first quarter valued at approximately $49,000. 36.79% of the stock is owned by institutional investors and hedge funds.

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.