Oaktree Specialty Lending Co. (NASDAQ:OCSL – Get Rating) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $22.20.
A number of equities research analysts have recently weighed in on OCSL shares. JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Wednesday, February 8th. JMP Securities reissued a “market outperform” rating and issued a $23.00 target price on shares of Oaktree Specialty Lending in a research note on Monday, March 13th. TheStreet raised Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, May 15th. Finally, StockNews.com assumed coverage on Oaktree Specialty Lending in a report on Thursday, May 18th. They set a “hold” rating on the stock.
Oaktree Specialty Lending Trading Down 1.3 %
Shares of OCSL opened at $18.52 on Thursday. The stock has a fifty day moving average price of $18.51 and a two-hundred day moving average price of $19.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.08 and a current ratio of 0.08. Oaktree Specialty Lending has a 52-week low of $17.59 and a 52-week high of $21.74. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 205.89 and a beta of 1.17.
Oaktree Specialty Lending Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 15th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.20 annualized dividend and a dividend yield of 11.88%. Oaktree Specialty Lending’s dividend payout ratio is presently 2,445.80%.
Institutional Trading of Oaktree Specialty Lending
Several large investors have recently made changes to their positions in OCSL. Putnam Investments LLC boosted its stake in Oaktree Specialty Lending by 42.0% during the 1st quarter. Putnam Investments LLC now owns 40,345 shares of the credit services provider’s stock valued at $757,000 after purchasing an additional 11,936 shares during the last quarter. Arete Wealth Advisors LLC acquired a new position in Oaktree Specialty Lending during the 1st quarter valued at about $722,000. JPMorgan Chase & Co. boosted its stake in Oaktree Specialty Lending by 169.2% during the 1st quarter. JPMorgan Chase & Co. now owns 80,503 shares of the credit services provider’s stock valued at $1,511,000 after purchasing an additional 50,599 shares during the last quarter. Sunbelt Securities Inc. bought a new position in shares of Oaktree Specialty Lending during the 1st quarter worth approximately $234,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Oaktree Specialty Lending in the 1st quarter worth approximately $232,000. 50.26% of the stock is currently owned by institutional investors and hedge funds.
Oaktree Specialty Lending Company Profile
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.
- Get a free copy of the StockNews.com research report on Oaktree Specialty Lending (OCSL)
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