StockNews.com Lowers Oaktree Specialty Lending (NASDAQ:OCSL) to Sell

StockNews.com cut shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a hold rating to a sell rating in a report released on Monday.

Several other research analysts have also recently weighed in on OCSL. B. Riley reduced their price objective on Oaktree Specialty Lending from $18.50 to $17.00 and set a neutral rating for the company in a research report on Friday, August 2nd. JPMorgan Chase & Co. dropped their target price on Oaktree Specialty Lending from $20.00 to $18.50 and set an overweight rating on the stock in a report on Monday, July 29th. JMP Securities dropped their target price on Oaktree Specialty Lending from $21.00 to $20.00 and set a market outperform rating on the stock in a report on Tuesday, July 30th. Wells Fargo & Company dropped their target price on Oaktree Specialty Lending from $19.00 to $18.00 and set an overweight rating on the stock in a report on Friday, August 2nd. Finally, Oppenheimer lowered Oaktree Specialty Lending from an outperform rating to a market perform rating and dropped their target price for the stock from $20.00 to $18.00 in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of Hold and an average price target of $18.42.

Oaktree Specialty Lending Stock Up 1.1 %

NASDAQ:OCSL opened at $16.19 on Monday. Oaktree Specialty Lending has a 1 year low of $15.56 and a 1 year high of $21.64. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.59. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 12.08 and a beta of 1.09. The stock has a 50-day moving average price of $18.46 and a two-hundred day moving average price of $19.27.

Oaktree Specialty Lending Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $2.20 annualized dividend and a yield of 13.59%. Oaktree Specialty Lending’s dividend payout ratio is 164.18%.

Institutional Trading of Oaktree Specialty Lending

Several institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates grew its position in shares of Oaktree Specialty Lending by 12.5% in the fourth quarter. Raymond James & Associates now owns 53,064 shares of the credit services provider’s stock valued at $1,084,000 after purchasing an additional 5,896 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Oaktree Specialty Lending by 1,942.0% in the fourth quarter. International Assets Investment Management LLC now owns 12,109 shares of the credit services provider’s stock valued at $247,000 after purchasing an additional 11,516 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Oaktree Specialty Lending by 0.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 298,996 shares of the credit services provider’s stock valued at $6,105,000 after purchasing an additional 2,525 shares during the last quarter. MRP Capital Investments LLC grew its position in shares of Oaktree Specialty Lending by 3.2% in the fourth quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock valued at $403,000 after purchasing an additional 616 shares during the last quarter. Finally, Aire Advisors LLC acquired a new position in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $235,000. Institutional investors 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.