Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Receives $14.25 Average Price Target from Analysts

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) has been assigned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $14.25.

Several brokerages have weighed in on OCSL. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Oaktree Specialty Lending in a research note on Monday, December 29th. Finally, Lucid Cap Mkts raised shares of Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Private Management Group Inc. boosted its holdings in Oaktree Specialty Lending by 25.2% during the 3rd quarter. Private Management Group Inc. now owns 3,014,163 shares of the credit services provider’s stock valued at $39,335,000 after acquiring an additional 607,493 shares during the period. Bruni J V & Co. Co. lifted its position in shares of Oaktree Specialty Lending by 12.4% during the third quarter. Bruni J V & Co. Co. now owns 2,487,019 shares of the credit services provider’s stock worth $32,456,000 after purchasing an additional 274,667 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Oaktree Specialty Lending by 6.6% during the third quarter. Van ECK Associates Corp now owns 2,173,257 shares of the credit services provider’s stock valued at $28,361,000 after purchasing an additional 134,557 shares during the period. Generali Asset Management SPA SGR grew its holdings in shares of Oaktree Specialty Lending by 10.6% in the third quarter. Generali Asset Management SPA SGR now owns 2,087,981 shares of the credit services provider’s stock worth $27,248,000 after purchasing an additional 199,415 shares during the last quarter. Finally, Claret Asset Management Corp grew its holdings in shares of Oaktree Specialty Lending by 11.8% in the second quarter. Claret Asset Management Corp now owns 1,700,738 shares of the credit services provider’s stock worth $23,232,000 after purchasing an additional 179,563 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Trading Up 0.1%

OCSL stock opened at $12.91 on Monday. The firm has a fifty day moving average price of $13.29 and a 200 day moving average price of $13.53. Oaktree Specialty Lending has a fifty-two week low of $12.41 and a fifty-two week high of $16.29. The firm has a market cap of $1.14 billion, a PE ratio of 33.10 and a beta of 0.52. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.20 and a current ratio of 0.20.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Tuesday, November 18th. The credit services provider reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. The business had revenue of $76.87 million during the quarter, compared to analyst estimates of $76.51 million. During the same quarter last year, the business earned $0.45 earnings per share. Sell-side analysts anticipate that Oaktree Specialty Lending will post 2.06 earnings per share for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend was Monday, December 15th. Oaktree Specialty Lending’s dividend payout ratio is 410.26%.

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.