Oaktree Specialty Lending (NASDAQ:OCSL) Earns “Market Outperform” Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a research note published on Tuesday morning, Benzinga reports. They currently have a $21.00 price objective on the credit services provider’s stock.

Several other equities research analysts also recently commented on OCSL. Keefe, Bruyette & Woods downgraded shares of Oaktree Specialty Lending from an outperform rating to a market perform rating and lowered their price objective for the stock from $22.00 to $19.00 in a research note on Friday, February 2nd. Wells Fargo & Company raised their target price on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an overweight rating in a report on Monday, January 29th. Finally, B. Riley cut shares of Oaktree Specialty Lending from a buy rating to a neutral rating and set a $21.00 target price for the company. in a report on Monday, January 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus target price of $20.80.

Oaktree Specialty Lending Trading Up 0.8 %

NASDAQ:OCSL opened at $19.66 on Tuesday. Oaktree Specialty Lending has a 12 month low of $17.99 and a 12 month high of $21.64. The firm has a fifty day simple moving average of $19.97 and a 200-day simple moving average of $20.00. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $1.55 billion, a P/E ratio of 13.02 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.04). Oaktree Specialty Lending had a return on equity of 12.22% and a net margin of 28.81%. The company had revenue of $97.99 million for the quarter, compared to analyst estimates of $99.48 million. During the same quarter in the previous year, the firm posted $0.61 earnings per share. On average, equities research analysts anticipate that Oaktree Specialty Lending will post 2.31 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.55 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.19%. Oaktree Specialty Lending’s payout ratio is 145.70%.

Insider Buying and Selling at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the business’s stock in a transaction on Monday, February 12th. The stock was bought at an average price of $20.07 per share, with a total value of $40,140.00. Following the completion of the acquisition, the director now owns 11,166 shares of the company’s stock, valued at $224,101.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by corporate insiders.

Institutional Trading of Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of OCSL. Cape Investment Advisory Inc. purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $39,000. Deutsche Bank AG purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $39,000. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth about $41,000. Point72 Hong Kong Ltd purchased a new stake in shares of Oaktree Specialty Lending during the second quarter worth about $54,000. Finally, US Bancorp DE increased its stake in shares of Oaktree Specialty Lending by 375.4% during the fourth quarter. US Bancorp DE now owns 3,166 shares of the credit services provider’s stock worth $65,000 after purchasing an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

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.