Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $15.83 Consensus Price Target from Brokerages

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $15.83.

OCSL has been the subject of a number of research reports. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. B. Riley started coverage on shares of Oaktree Specialty Lending in a report on Tuesday, May 13th. They set a “neutral” rating and a $14.00 price objective for the company. Wells Fargo & Company reduced their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, May 5th.

Oaktree Specialty Lending Trading Up 0.6%

NASDAQ:OCSL opened at $14.50 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 21.64 and a beta of 0.71. The firm has a fifty day simple moving average of $14.18 and a two-hundred day simple moving average of $15.18. Oaktree Specialty Lending has a 12 month low of $12.50 and a 12 month high of $19.80.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Thursday, May 1st. The credit services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.06). Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The firm had revenue of $70.52 million during the quarter, compared to analyst estimates of $84.67 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. Analysts expect that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.03%. The ex-dividend date of this dividend is Monday, June 16th. Oaktree Specialty Lending’s dividend payout ratio is 1,230.77%.

Insiders Place Their Bets

In other Oaktree Specialty Lending news, insider Armen Panossian bought 8,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were purchased at an average price of $14.13 per share, for a total transaction of $113,040.00. Following the purchase, the insider now directly owns 20,789 shares of the company’s stock, valued at approximately $293,748.57. This represents a 62.55% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Craig A. Jacobson acquired 14,910 shares of the business’s stock in a transaction on Tuesday, May 6th. The stock was acquired at an average cost of $13.41 per share, for a total transaction of $199,943.10. Following the transaction, the director now owns 71,667 shares of the company’s stock, valued at approximately $961,054.47. The trade was a 26.27% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Westbourne Investments Inc. purchased a new position in Oaktree Specialty Lending in the first quarter valued at about $154,000. Anchor Investment Management LLC purchased a new position in Oaktree Specialty Lending in the first quarter valued at approximately $49,000. Arete Wealth Advisors LLC purchased a new position in Oaktree Specialty Lending in the first quarter valued at approximately $160,000. Caxton Associates LLP purchased a new position in Oaktree Specialty Lending in the first quarter valued at approximately $725,000. Finally, Sciencast Management LP purchased a new position in shares of Oaktree Specialty Lending during the 1st quarter valued at $174,000. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

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.