Oaktree Specialty Lending (NASDAQ:OCSL) Rating Increased 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 report sent to investors on Wednesday.

Several other equities research analysts have also commented on the stock. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. Wells Fargo & Company cut their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lowered their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Up 0.4 %

Oaktree Specialty Lending stock opened at $15.68 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. Oaktree Specialty Lending has a one year low of $15.40 and a one year high of $21.64. The company has a 50-day simple moving average of $16.18 and a 200-day simple moving average of $17.49. The firm has a market capitalization of $1.29 billion, a P/E ratio of 18.02 and a beta of 1.09.

Oaktree Specialty Lending Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.03%. Oaktree Specialty Lending’s dividend payout ratio is currently 252.87%.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PFS Partners LLC raised its stake in Oaktree Specialty Lending by 601.4% during the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 1,660 shares during the period. Security National Bank acquired a new position in Oaktree Specialty Lending during the second quarter valued at $42,000. Brown Brothers Harriman & Co. purchased a new stake in Oaktree Specialty Lending in the 2nd quarter worth about $56,000. Sunbelt Securities Inc. lifted its stake in Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Bfsg LLC boosted its position in Oaktree Specialty Lending by 208.1% during the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 5,576 shares during the period. Institutional investors and hedge funds own 36.79% of the company’s stock.

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.