Oaktree Specialty Lending Co. (NASDAQ:OCSL) Given Average Rating of “Moderate Buy” by Brokerages

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 (NASDAQ:OCSL – Get Rating) last issued its quarterly earnings data on Thursday, May 4th. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. Oaktree Specialty Lending had a return on equity of 11.29% and a net margin of 3.36%. The firm had revenue of $96.30 million during the quarter, compared to the consensus estimate of $91.89 million. During the same quarter in the previous year, the company posted $0.54 EPS. Analysts predict that Oaktree Specialty Lending will post 2.5 EPS for the current fiscal year.

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

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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.