Oaktree Specialty Lending (NASDAQ:OCSL) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) in a research report released on Thursday. The brokerage issued a hold rating on the credit services provider’s stock.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Oaktree Specialty Lending from $21.00 to $20.50 and set an overweight rating on the stock in a research note on Wednesday, February 8th. B. Riley raised their target price on shares of Oaktree Specialty Lending from $18.75 to $22.50 and gave the stock a buy rating in a research note on Wednesday, November 16th. Hovde Group set a $22.50 target price on shares of Oaktree Specialty Lending in a research note on Thursday, November 17th. JMP Securities restated a market outperform rating and set a $23.00 target price on shares of Oaktree Specialty Lending in a research note on Monday, March 13th. Finally, Wells Fargo & Company raised their target price on shares of Oaktree Specialty Lending from $21.00 to $22.50 and gave the stock an overweight rating in a research note on Wednesday, November 16th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Oaktree Specialty Lending has an average rating of Moderate Buy and a consensus price target of $22.20.

Oaktree Specialty Lending Stock Performance

Shares of OCSL traded down $0.36 on Thursday, reaching $17.85. The company’s stock had a trading volume of 1,545,577 shares, compared to its average volume of 645,930. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.08 and a quick ratio of 0.08. The stock has a market capitalization of $1.38 billion, a P/E ratio of 446.58 and a beta of 1.19. The stock’s 50 day simple moving average is $20.17 and its two-hundred day simple moving average is $20.10. Oaktree Specialty Lending has a 12-month low of $17.59 and a 12-month high of $22.83.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The credit services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.06. The company had revenue of $69.98 million for the quarter, compared to the consensus estimate of $67.33 million. Oaktree Specialty Lending had a net margin of 1.12% and a return on equity of 10.67%. During the same quarter last year, the firm posted $0.51 earnings per share. Research analysts forecast that Oaktree Specialty Lending will post 2.52 earnings per share for the current fiscal year.

Oaktree Specialty Lending Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, March 14th. This represents a $2.20 annualized dividend and a dividend yield of 12.32%. This is a boost from Oaktree Specialty Lending’s previous quarterly dividend of $0.51. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 5,504.13%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cohen Capital Management Inc. raised its position in shares of Oaktree Specialty Lending by 2.8% during the fourth quarter. Cohen Capital Management Inc. now owns 21,554 shares of the credit services provider’s stock valued at $148,000 after buying an additional 587 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of Oaktree Specialty Lending by 3.7% during the fourth quarter. Kestra Advisory Services LLC now owns 16,610 shares of the credit services provider’s stock valued at $114,000 after buying an additional 600 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Oaktree Specialty Lending by 0.9% during the fourth quarter. Captrust Financial Advisors now owns 77,628 shares of the credit services provider’s stock valued at $533,000 after buying an additional 698 shares during the last quarter. Belpointe Asset Management LLC raised its position in shares of Oaktree Specialty Lending by 1.4% during the fourth quarter. Belpointe Asset Management LLC now owns 71,162 shares of the credit services provider’s stock valued at $489,000 after buying an additional 953 shares during the last quarter. Finally, Acorn Wealth Advisors LLC increased its position in Oaktree Specialty Lending by 9.6% in the fourth quarter. Acorn Wealth Advisors LLC now owns 12,413 shares of the credit services provider’s stock worth $85,000 after purchasing an additional 1,084 shares during the last quarter. Institutional investors own 50.26% of the company’s stock.

Oaktree Specialty Lending Company Profile

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Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to private, small and mid-sized growing businesses. While fostering growth is our primary mission, a singular purpose drives all of our pursuits partnering for success.