Weekly Analysts’ Ratings Changes for Oaktree Specialty Lending (OCSL)

Oaktree Specialty Lending (NASDAQ: OCSL) has recently received a number of price target changes and ratings updates:

• 8/5/2024 – Oaktree Specialty Lending was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 8/2/2024 – Oaktree Specialty Lending had its price target lowered by analysts at Wells Fargo & Company from $19.00 to $18.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Oaktree Specialty Lending had its price target lowered by analysts at B. Riley from $18.50 to $17.00. They now have a “neutral” rating on the stock.
• 8/2/2024 – Oaktree Specialty Lending was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating. They now have a $18.00 price target on the stock, down previously from $20.00.
• 8/2/2024 – Oaktree Specialty Lending was upgraded by analysts at Keefe, Bruyette & Woods to a “hold” rating.
• 7/30/2024 – Oaktree Specialty Lending had its price target lowered by analysts at JMP Securities from $21.00 to $20.00. They now have a “market outperform” rating on the stock.
• 7/29/2024 – Oaktree Specialty Lending had its price target lowered by analysts at JPMorgan Chase & Co. from $20.00 to $18.50. They now have an “overweight” rating on the stock.
• 7/26/2024 – Oaktree Specialty Lending had its price target lowered by analysts at Wells Fargo & Company from $20.00 to $19.00. They now have an “overweight” rating on the stock.

Oaktree Specialty Lending Price Performance

Shares of OCSL traded up $0.05 during trading hours on Monday, reaching $16.15. 532,449 shares of the company traded hands, compared to its average volume of 682,475. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.05 and a beta of 1.09. Oaktree Specialty Lending Co. has a fifty-two week low of $15.56 and a fifty-two week high of $21.64. The stock has a fifty day simple moving average of $18.39 and a 200 day simple moving average of $19.20.

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.55 dividend. The ex-dividend date is Monday, September 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.62%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 164.18%.

Institutional Investors Weigh In On Oaktree Specialty Lending

Hedge funds have recently modified their holdings of the stock. GraniteShares Advisors LLC grew its position in shares of Oaktree Specialty Lending by 0.7% in the 4th quarter. GraniteShares Advisors LLC now owns 71,772 shares of the credit services provider’s stock worth $1,466,000 after acquiring an additional 532 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Oaktree Specialty Lending by 1.1% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 137,510 shares of the credit services provider’s stock worth $2,808,000 after buying an additional 1,470 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Oaktree Specialty Lending by 0.7% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 232,244 shares of the credit services provider’s stock worth $4,566,000 after buying an additional 1,726 shares in the last quarter. Truist Financial Corp raised its stake in shares of Oaktree Specialty Lending by 10.0% in the 4th quarter. Truist Financial Corp now owns 19,360 shares of the credit services provider’s stock worth $395,000 after buying an additional 1,764 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Oaktree Specialty Lending by 11.2% in the 4th quarter. Parallel Advisors LLC now owns 18,050 shares of the credit services provider’s stock worth $369,000 after buying an additional 1,825 shares in the last quarter. 36.79% of the stock is currently owned by hedge funds and other institutional investors.

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.