Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a sell rating to a hold rating in a research note published on Wednesday morning.

Several other analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. Oppenheimer reiterated a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Citizens Jmp downgraded Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 target price (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company decreased their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, Oaktree Specialty Lending has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

OCSL opened at $15.09 on Wednesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The business has a fifty day simple moving average of $16.11 and a 200 day simple moving average of $17.03. Oaktree Specialty Lending has a 1 year low of $15.04 and a 1 year high of $21.64. The company has a market capitalization of $1.24 billion, a PE ratio of 20.96 and a beta of 1.07.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.55 dividend. The ex-dividend date is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.58%. Oaktree Specialty Lending’s payout ratio is currently 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Institutional investors have recently added to or reduced their stakes in the stock. Kovitz Investment Group Partners LLC bought a new stake in shares of Oaktree Specialty Lending during the third quarter worth $2,849,000. TMD Wealth Management LLC raised its position in Oaktree Specialty Lending by 16.0% in the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after purchasing an additional 78,404 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of Oaktree Specialty Lending by 91.5% during the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after purchasing an additional 672,561 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of Oaktree Specialty Lending by 21.0% during the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock worth $35,463,000 after purchasing an additional 327,416 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Oaktree Specialty Lending by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after buying an additional 243,963 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

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.