Oaktree Specialty Lending (NASDAQ:OCSL) Downgraded to “Sell” Rating by StockNews.com

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

A number of other analysts have also weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. B. Riley reduced their price target on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, November 20th. Oppenheimer restated a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Trading Up 0.4 %

OCSL opened at $16.34 on Thursday. The stock has a 50-day moving average of $16.16 and a 200 day moving average of $17.33. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. 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 $1.34 billion, a P/E ratio of 22.69 and a beta of 1.09.

Oaktree Specialty Lending Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.55 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.46%. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Institutional Trading of Oaktree Specialty Lending

Institutional investors have recently modified their holdings of the company. Barclays PLC increased its position in Oaktree Specialty Lending by 2.1% during the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock valued at $1,725,000 after buying an additional 2,140 shares in the last quarter. Adalta Capital Management LLC increased its holdings in shares of Oaktree Specialty Lending by 12.0% during the third quarter. Adalta Capital Management LLC now owns 45,105 shares of the credit services provider’s stock valued at $736,000 after acquiring an additional 4,840 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Oaktree Specialty Lending in the 3rd quarter valued at approximately $508,000. MML Investors Services LLC acquired a new stake in Oaktree Specialty Lending in the 3rd quarter worth approximately $175,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Oaktree Specialty Lending during the 3rd quarter worth approximately $2,849,000. 36.79% of the stock is currently owned by institutional investors.

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.