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

Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Get Free Report) has received an average rating of "Hold" from the seven analysts that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $15.83.

A number of research firms recently commented on OCSL. Keefe, Bruyette & Woods decreased their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 24th. B. Riley began coverage on Oaktree Specialty Lending in a research report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price on the stock. Wells Fargo & Company reduced their target price on Oaktree Specialty Lending from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Wall Street Zen downgraded Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. acquired a new position in Oaktree Specialty Lending during the 4th quarter valued at approximately $18,109,000. Invesco Ltd. raised its stake in shares of Oaktree Specialty Lending by 1,300.1% in the 4th quarter. Invesco Ltd. now owns 875,913 shares of the credit services provider's stock worth $13,384,000 after buying an additional 813,352 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $9,959,000. Millennium Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $5,882,000. Finally, CF Capital LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $4,691,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Price Performance

Shares of OCSL traded up $0.07 during trading hours on Thursday, reaching $14.68. 742,005 shares of the company traded hands, compared to its average volume of 758,166. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.29 billion, a PE ratio of 112.92 and a beta of 0.68. Oaktree Specialty Lending has a fifty-two week low of $12.50 and a fifty-two week high of $18.46. The stock has a fifty day simple moving average of $14.12 and a 200 day simple moving average of $14.80.

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 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.06). The company had revenue of $70.52 million for the quarter, compared to analyst estimates of $84.67 million. Oaktree Specialty Lending had a net margin of 2.55% and a return on equity of 11.77%. During the same period in the previous year, the business earned $0.56 EPS. As a group, research analysts predict that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.60 annualized dividend and a dividend yield of 10.90%. Oaktree Specialty Lending's payout ratio is currently 1,230.77%.

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.