Oaktree Specialty Lending (NASDAQ:OCSL) Hits New 52-Week Low – What’s Next?

Oaktree Specialty Lending Co. (NASDAQ:OCSL) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $14.96 and last traded at $14.98, with a volume of 218048 shares. The stock had previously closed at $15.18.

Analyst Ratings Changes

OCSL has been the topic of a number of analyst reports. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods decreased their price objective on shares of 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 issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat, Oaktree Specialty Lending has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Down 1.4 %

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 firm’s 50-day moving average price is $16.07 and its 200 day moving average price is $16.95. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 20.79 and a beta of 1.07.

Oaktree Specialty Lending Dividend Announcement

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 issued a $0.55 dividend. 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 14.70%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

Institutional Trading of Oaktree Specialty Lending

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFS Partners LLC lifted its holdings in Oaktree Specialty Lending by 601.4% in 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 in the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Oaktree Specialty Lending during the second quarter valued at approximately $56,000. Sunbelt Securities Inc. boosted its position in Oaktree Specialty Lending by 37.0% during the second 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 during the last quarter. Bfsg LLC grew its stake in Oaktree Specialty Lending by 208.1% in 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. Finally, MML Investors Services LLC acquired a new position in Oaktree Specialty Lending in the 3rd quarter valued at $175,000. Hedge funds and other institutional investors own 36.79% of the company’s stock.

About Oaktree Specialty Lending

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.