Oaktree Specialty Lending (NASDAQ:OCSL) has been given an average rating of “Buy” by the eleven analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $5.32.
OCSL has been the topic of a number of recent analyst reports. JPMorgan Chase raised shares of Oaktree Specialty Lending from a “neutral” rating to an “overweight” rating and set a $6.00 price objective on the stock in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods set a $5.00 price objective on shares of Oaktree Specialty Lending and gave the company a “hold” rating in a research note on Friday, February 9th. BMO Capital Markets decreased their price objective on shares of Oaktree Specialty Lending from $5.00 to $4.00 and set a “market perform” rating on the stock in a research note on Monday, February 12th. Zacks Investment Research raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating and set a $4.75 target price on the stock in a research note on Thursday, April 12th. Finally, National Securities reaffirmed a “neutral” rating and set a $5.00 target price on shares of Oaktree Specialty Lending in a research note on Wednesday, May 9th.
Oaktree Specialty Lending traded down $0.05, reaching $4.95, during mid-day trading on Friday, Marketbeat.com reports. The stock had a trading volume of 392,180 shares, compared to its average volume of 361,165. The stock has a market capitalization of $697.76 million, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 6.24 and a beta of 0.12. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.16 and a quick ratio of 0.16. Oaktree Specialty Lending has a 12 month low of $3.90 and a 12 month high of $5.91.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend is Thursday, June 14th. This is a boost from Oaktree Specialty Lending’s previous quarterly dividend of $0.09. Oaktree Specialty Lending’s payout ratio is presently 66.67%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in shares of Oaktree Specialty Lending by 91.7% during the first quarter. Jane Street Group LLC now owns 25,299 shares of the credit services provider’s stock worth $107,000 after buying an additional 12,103 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $102,000. Comerica Bank bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $109,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Oaktree Specialty Lending during the fourth quarter worth $114,000. Finally, Financial Advocates Investment Management acquired a new position in shares of Oaktree Specialty Lending during the first quarter worth $100,000. 42.46% of the stock is currently owned by hedge funds and other institutional investors.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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