Oaktree Specialty Lending Corp. (NASDAQ:OCSL - Get Free Report) has been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the stock, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $15.00.
Several equities research analysts have recently weighed in on OCSL shares. Wells Fargo & Company decreased their price target on 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. B. Riley started coverage on shares of Oaktree Specialty Lending in a research report on Tuesday, May 13th. They set a "neutral" rating and a $14.00 target price for the company. Wall Street Zen downgraded shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th.
Read Our Latest Stock Report on Oaktree Specialty Lending
Insider Activity at Oaktree Specialty Lending
In related news, insider Armen Panossian acquired 8,000 shares of Oaktree Specialty Lending stock in a transaction dated Thursday, May 15th. The stock was bought at an average price of $14.13 per share, with a total value of $113,040.00. Following the transaction, the insider directly owned 20,789 shares in the company, valued at $293,748.57. This represents a 62.55% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by company insiders.
Institutional Trading of Oaktree Specialty Lending
Large investors have recently modified their holdings of the stock. National Bank of Canada FI grew its position 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 worth $26,000 after buying an additional 1,220 shares during the period. SVB Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $26,000. MTM Investment Management LLC acquired a new stake in Oaktree Specialty Lending in the 2nd quarter valued at $34,000. Abound Wealth Management acquired a new stake in Oaktree Specialty Lending in the 2nd quarter valued at $35,000. Finally, Nomura Asset Management Co. Ltd. acquired a new stake in Oaktree Specialty Lending in the 2nd quarter valued at $46,000. Institutional investors and hedge funds own 36.79% of the company's stock.
Oaktree Specialty Lending Price Performance
Shares of OCSL stock traded up $0.12 on Monday, reaching $13.70. The company had a trading volume of 532,050 shares, compared to its average volume of 720,930. The business's 50-day moving average is $13.98 and its 200 day moving average is $14.61. The stock has a market capitalization of $1.21 billion, a PE ratio of 24.46 and a beta of 0.69. Oaktree Specialty Lending has a one year low of $12.50 and a one year high of $17.16. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.63.
Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $75.27 million during the quarter, compared to the consensus estimate of $79.14 million. Oaktree Specialty Lending had a net margin of 13.84% and a return on equity of 10.94%. During the same quarter last year, the business earned $0.55 EPS. Equities research analysts forecast that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.
Oaktree Specialty Lending Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.60 annualized dividend and a dividend yield of 11.7%. Oaktree Specialty Lending's dividend payout ratio (DPR) is 285.71%.
About Oaktree Specialty Lending
(
Get Free Report)
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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