Oaktree Specialty Lending (OCSL) Getting Somewhat Favorable News Coverage, Study Finds
News stories about Oaktree Specialty Lending (NASDAQ:OCSL) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Oaktree Specialty Lending earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 46.952825678062 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several equities analysts have weighed in on OCSL shares. BMO Capital Markets reissued a “hold” rating and set a $5.00 price objective on shares of Oaktree Specialty Lending in a report on Monday, January 8th. Maxim Group reissued a “hold” rating on shares of Oaktree Specialty Lending in a report on Tuesday, December 26th. Zacks Investment Research lowered Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. Keefe, Bruyette & Woods set a $5.00 price objective on Oaktree Specialty Lending and gave the company a “hold” rating in a report on Friday, February 9th. Finally, National Securities reissued a “neutral” rating and set a $5.00 price objective on shares of Oaktree Specialty Lending in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.57.
Oaktree Specialty Lending (OCSL) traded down $0.09 during trading on Friday, hitting $4.24. The stock had a trading volume of 159,866 shares, compared to its average volume of 706,921. Oaktree Specialty Lending has a 52-week low of $3.90 and a 52-week high of $5.91. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $607.54, a price-to-earnings ratio of -3.90, a P/E/G ratio of 5.88 and a beta of 0.16.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be issued a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 8.02%. The ex-dividend date is Wednesday, March 14th. Oaktree Specialty Lending’s payout ratio is currently -31.19%.
In related news, Director Marc Gamsin purchased 35,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $4.39 per share, with a total value of $153,650.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.
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About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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