B. Riley Downgrades Oaktree Specialty Lending (NASDAQ:OCSL) to Sell

B. Riley cut shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a neutral rating to a sell rating in a research note published on Wednesday morning, Marketbeat.com reports. B. Riley currently has $15.00 price target on the credit services provider’s stock.

Several other research firms also recently weighed in on OCSL. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company reduced their target price on shares of 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 price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Down 0.7 %

Oaktree Specialty Lending stock opened at $16.02 on Wednesday. The stock has a 50-day simple moving average of $16.19 and a 200-day simple moving average of $17.17. The company has a market capitalization of $1.32 billion, a P/E ratio of 22.40 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. Oaktree Specialty Lending has a fifty-two week low of $15.40 and a fifty-two week high of $21.64.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.73%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Wealth Management LLC boosted its position in shares of Oaktree Specialty Lending by 4.8% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 730 shares in the last quarter. Integrated Advisors Network LLC boosted its stake in shares of Oaktree Specialty Lending by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock worth $372,000 after acquiring an additional 826 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Oaktree Specialty Lending by 5.6% in the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after acquiring an additional 998 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Oaktree Specialty Lending by 3.7% during the third quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock worth $464,000 after purchasing an additional 1,030 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in Oaktree Specialty Lending by 11.2% during the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock worth $224,000 after purchasing an additional 1,194 shares in the last quarter. 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.