Oaktree Specialty Lending Corp (OCSL) Receives Consensus Rating of “Hold” from Analysts

Shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) have been assigned an average rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.25.

OCSL has been the topic of several research reports. Zacks Investment Research cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. Keefe, Bruyette & Woods set a $6.00 target price on Oaktree Specialty Lending and gave the company a “hold” rating in a research note on Wednesday, August 8th. JPMorgan Chase & Co. boosted their target price on Oaktree Specialty Lending from $5.00 to $5.50 and gave the company an “overweight” rating in a research note on Friday, August 10th. National Securities restated a “neutral” rating and issued a $5.00 target price on shares of Oaktree Specialty Lending in a research note on Monday. Finally, BMO Capital Markets boosted their target price on Oaktree Specialty Lending from $4.00 to $5.00 and gave the company a “market perform” rating in a research note on Friday, August 10th.

Several institutional investors have recently made changes to their positions in OCSL. Hilton Capital Management LLC raised its stake in shares of Oaktree Specialty Lending by 24.6% during the 3rd quarter. Hilton Capital Management LLC now owns 3,957,659 shares of the credit services provider’s stock worth $19,630,000 after purchasing an additional 780,594 shares in the last quarter. Millennium Management LLC raised its stake in shares of Oaktree Specialty Lending by 63.1% during the 2nd quarter. Millennium Management LLC now owns 1,145,485 shares of the credit services provider’s stock worth $5,475,000 after purchasing an additional 443,222 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Oaktree Specialty Lending by 271.1% during the 3rd quarter. Wells Fargo & Company MN now owns 385,027 shares of the credit services provider’s stock worth $1,910,000 after purchasing an additional 281,281 shares in the last quarter. River Road Asset Management LLC raised its stake in shares of Oaktree Specialty Lending by 4.0% during the 3rd quarter. River Road Asset Management LLC now owns 6,969,793 shares of the credit services provider’s stock worth $34,570,000 after purchasing an additional 270,487 shares in the last quarter. Finally, Bruni J V & Co. Co. raised its stake in shares of Oaktree Specialty Lending by 10.6% during the 2nd quarter. Bruni J V & Co. Co. now owns 2,171,618 shares of the credit services provider’s stock worth $10,380,000 after purchasing an additional 208,008 shares in the last quarter. Institutional investors own 43.87% of the company’s stock.

NASDAQ OCSL traded down $0.08 during trading on Thursday, hitting $4.65. The stock had a trading volume of 481,800 shares, compared to its average volume of 463,996. The stock has a market capitalization of $666.74 million, a price-to-earnings ratio of 10.77, a PEG ratio of 5.22 and a beta of 0.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.17. Oaktree Specialty Lending has a 12 month low of $4.17 and a 12 month high of $5.16.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Thursday, November 29th. The credit services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $34.14 million. Oaktree Specialty Lending had a return on equity of 7.18% and a net margin of 33.71%. On average, equities research analysts forecast that Oaktree Specialty Lending will post 0.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Monday, December 17th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.17%. The ex-dividend date is Friday, December 14th. Oaktree Specialty Lending’s dividend payout ratio is currently 88.37%.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.

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Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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