Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Given Consensus Rating of “Hold” by Analysts

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.8333.

OCSL has been the topic of several analyst reports. Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Monday, April 6th. Oppenheimer set a $13.00 target price on shares of Oaktree Specialty Lending in a report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research report on Monday, July 13th. Finally, Wall Street Zen cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Sunday, June 14th.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $11.62 on Friday. The stock has a fifty day simple moving average of $11.90 and a two-hundred day simple moving average of $12.00. Oaktree Specialty Lending has a 1-year low of $10.63 and a 1-year high of $14.50. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 20.39 and a beta of 0.49. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $69.74 million for the quarter, compared to analysts’ expectations of $74.35 million. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%. During the same quarter in the previous year, the firm posted $0.45 EPS. Analysts anticipate that Oaktree Specialty Lending will post 1.5 earnings per share for the current year.

Oaktree Specialty Lending Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.20 annualized dividend and a dividend yield of 10.3%. Oaktree Specialty Lending’s payout ratio is presently 210.53%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Institutional investors have recently made changes to their positions in the stock. Cornerstone Advisory LLC raised its position 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 valued at $494,000 after purchasing an additional 844 shares in the last quarter. Running Point Capital Advisors LLC lifted its stake in Oaktree Specialty Lending by 3.1% during the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock worth $367,000 after purchasing an additional 877 shares during the last quarter. Security National Bank boosted its holdings 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 worth $59,000 after purchasing an additional 1,330 shares in the last quarter. Muzinich & Co. Inc. boosted its holdings in shares of Oaktree Specialty Lending by 0.5% in the 4th quarter. Muzinich & Co. Inc. now owns 332,569 shares of the credit services provider’s stock worth $4,237,000 after purchasing an additional 1,663 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position 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. Institutional investors own 36.79% of the company’s stock.

About Oaktree Specialty Lending

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.