Brokerages Set Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Price Target at $15.00

by · The Cerbat Gem

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL – Get Free Report) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $15.00.

A number of research firms have recently commented on OCSL. Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Oaktree Specialty Lending in a research note on Wednesday, October 8th.

View Our Latest Report on OCSL

Oaktree Specialty Lending Stock Up 0.1%

OCSL opened at $14.03 on Wednesday. Oaktree Specialty Lending has a one year low of $12.44 and a one year high of $16.53. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.21 and a current ratio of 0.21. The stock’s fifty day moving average is $13.42 and its 200-day moving average is $13.81. The company has a market capitalization of $1.24 billion, a PE ratio of 25.05 and a beta of 0.66.

Oaktree Specialty Lending (NASDAQ:OCSL – Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.08). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The firm had revenue of $75.27 million during the quarter, compared to the consensus estimate of $79.14 million. During the same period in the prior year, the firm posted $0.55 EPS. On average, equities analysts predict that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 11.4%. Oaktree Specialty Lending’s payout ratio is 285.71%.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of OCSL. National Bank of Canada FI raised its position in shares of Oaktree Specialty Lending by 259.0% during the first quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider’s stock worth $26,000 after purchasing an additional 1,220 shares during the period. SVB Wealth LLC acquired a new stake in shares of Oaktree Specialty Lending during the first quarter worth $26,000. MTM Investment Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the second quarter worth $34,000. Abound Wealth Management acquired a new stake in shares of Oaktree Specialty Lending during the second quarter worth $35,000. Finally, Sound Income Strategies LLC acquired a new stake in shares of Oaktree Specialty Lending during the third quarter worth $42,000. 36.79% of the stock is owned by institutional investors and hedge funds.

About Oaktree Specialty Lending

(Get Free Report)

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.

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