Oaktree Specialty Lending (NASDAQ:OCSL) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a hold rating to a sell rating in a research report released on Tuesday morning.

Several other equities research analysts also recently issued reports on the stock. Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. B. Riley Financial reaffirmed a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Finally, Oppenheimer set a $13.00 target price on Oaktree Specialty Lending in a research note on Wednesday, May 6th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Oaktree Specialty Lending currently has a consensus rating of “Hold” and an average target price of $11.83.

Oaktree Specialty Lending Price Performance

Shares of OCSL opened at $12.97 on Tuesday. The company’s 50-day moving average is $12.24 and its 200-day moving average is $11.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market capitalization of $1.14 billion, a PE ratio of 27.02 and a beta of 0.49. Oaktree Specialty Lending has a fifty-two week low of $10.63 and a fifty-two week high of $14.31.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The business had revenue of $69.15 million during the quarter, compared to the consensus estimate of $69.40 million. Equities analysts forecast that Oaktree Specialty Lending will post 1.51 EPS for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.9%. Oaktree Specialty Lending’s payout ratio is 250.00%.

Institutional Trading of Oaktree Specialty Lending

Large investors have recently bought and sold shares of the business. Cornerstone Advisory LLC raised its stake in Oaktree Specialty Lending by 2.0% during the first quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider’s stock worth $494,000 after acquiring an additional 844 shares in the last quarter. Running Point Capital Advisors LLC boosted its stake in shares of Oaktree Specialty Lending by 3.1% in the 4th quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock valued at $367,000 after purchasing an additional 877 shares in the last quarter. Security National Bank boosted its stake in shares of Oaktree Specialty Lending by 40.6% in the 4th quarter. Security National Bank now owns 4,607 shares of the credit services provider’s stock valued at $59,000 after purchasing an additional 1,330 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Oaktree Specialty Lending by 118.3% during the 1st quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock valued at $35,000 after purchasing an additional 1,707 shares during the last quarter. Finally, Lido Advisors LLC grew its holdings in shares of Oaktree Specialty Lending by 1.5% during the 4th quarter. Lido Advisors LLC now owns 117,232 shares of the credit services provider’s stock valued at $1,529,000 after purchasing an additional 1,720 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.