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 report issued on Wednesday morning.

A number of other equities research analysts have also weighed in on OCSL. B. Riley reduced their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their price target for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. Keefe, Bruyette & Woods lowered their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company lowered their price target 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. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Trading Up 1.9 %

NASDAQ:OCSL opened at $15.85 on Wednesday. Oaktree Specialty Lending has a 12-month low of $15.40 and a 12-month high of $21.64. The firm has a market cap of $1.30 billion, a PE ratio of 22.01 and a beta of 1.09. The company has a current ratio of 0.19, a quick ratio of 0.17 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $16.15 and a 200 day moving average price of $17.44.

Oaktree Specialty Lending Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.88%. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OCSL. PFS Partners LLC increased its holdings in shares of 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 acquiring an additional 1,660 shares during the period. Security National Bank purchased a new stake in shares of Oaktree Specialty Lending in the second quarter valued at about $42,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Oaktree Specialty Lending during the second quarter worth about $56,000. Sunbelt Securities Inc. increased its position 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 valued at $127,000 after acquiring an additional 1,820 shares during the period. Finally, Bfsg LLC increased its position 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 valued at $135,000 after acquiring an additional 5,576 shares during the period. 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.