Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $20.67 Average Price Target from Analysts

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $20.67.

Several research firms have recently issued reports on OCSL. JMP Securities reissued a “market outperform” rating and set a $21.00 target price on shares of Oaktree Specialty Lending in a research note on Tuesday, March 26th. Keefe, Bruyette & Woods downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $22.00 to $19.00 in a research note on Friday, February 2nd. JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Wells Fargo & Company increased their target price on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, B. Riley lowered Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Monday, January 8th.

Insider Activity

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $20.07 per share, with a total value of $40,140.00. Following the transaction, the director now owns 11,166 shares of the company’s stock, valued at approximately $224,101.62. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.29% of the company’s stock.

Hedge Funds Weigh In On Oaktree Specialty Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cape Investment Advisory Inc. purchased a new position in shares of Oaktree Specialty Lending in the fourth quarter worth $39,000. Massmutual Trust Co. FSB ADV bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth approximately $41,000. Bfsg LLC purchased a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $71,000. Newbridge Financial Services Group Inc. lifted its position in Oaktree Specialty Lending by 78.7% during the third quarter. Newbridge Financial Services Group Inc. now owns 3,974 shares of the credit services provider’s stock valued at $80,000 after purchasing an additional 1,750 shares during the period. Finally, AdvisorNet Financial Inc boosted its holdings in Oaktree Specialty Lending by 460.0% in the third quarter. AdvisorNet Financial Inc now owns 4,200 shares of the credit services provider’s stock worth $85,000 after purchasing an additional 3,450 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $19.64 on Wednesday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 13.01 and a beta of 1.06. The company has a 50-day simple moving average of $19.61 and a two-hundred day simple moving average of $19.95. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.60. Oaktree Specialty Lending has a 12-month low of $17.99 and a 12-month high of $21.64.

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

Oaktree Specialty Lending Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 11.20%. The ex-dividend date of this dividend was Thursday, March 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 145.70%.

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.