Oaktree Specialty Lending (NASDAQ:OCSL) Downgraded by Citizens Jmp to “Hold”

Citizens Jmp lowered shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on OCSL. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. B. Riley cut their price target on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods cut their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $15.85 on Tuesday. The company has a market cap of $1.30 billion, a PE ratio of 22.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.17. Oaktree Specialty Lending has a one year low of $15.40 and a one year high of $21.64. The stock has a 50-day moving average of $16.15 and a 200-day moving average of $17.45.

Oaktree Specialty Lending Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors 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 13.88%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of hedge funds have recently modified their holdings of the stock. Cornerstone Wealth Management LLC raised its holdings in shares of Oaktree Specialty Lending by 4.8% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 730 shares during the period. Integrated Advisors Network LLC raised its holdings in Oaktree Specialty Lending by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock valued at $372,000 after acquiring an additional 826 shares during the period. Apollon Wealth Management LLC raised its holdings in Oaktree Specialty Lending by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock valued at $309,000 after acquiring an additional 998 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Oaktree Specialty Lending by 3.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock valued at $464,000 after acquiring an additional 1,030 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Oaktree Specialty Lending by 11.2% during the 2nd quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 1,194 shares during the period. 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.