Oaktree Specialty Lending (NASDAQ:OCSL) Reaches New 52-Week Low – Time to Sell?

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) reached a new 52-week low on Wednesday . The stock traded as low as $14.94 and last traded at $15.02, with a volume of 62739 shares trading hands. The stock had previously closed at $15.08.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Oppenheimer reiterated a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday, November 20th. B. Riley downgraded shares of Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a report on Wednesday, December 11th. Finally, JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Stock Down 0.3 %

The firm has a market capitalization of $1.24 billion, a PE ratio of 20.89 and a beta of 1.07. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average of $15.73 and a two-hundred day moving average of $16.59.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.55 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 14.63%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

Institutional Trading of Oaktree Specialty Lending

Institutional investors and hedge funds have recently bought and sold shares of the business. PFS Partners LLC raised its stake in shares of Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 1,660 shares during the period. Brown Brothers Harriman & Co. purchased a new stake in Oaktree Specialty Lending during the 2nd quarter worth $56,000. Sunbelt Securities Inc. increased its position in shares of Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock worth $127,000 after acquiring an additional 1,820 shares during the last quarter. Bfsg LLC lifted its stake in shares of Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 5,576 shares in the last quarter. Finally, MML Investors Services LLC acquired a new stake in Oaktree Specialty Lending during the 3rd quarter valued at approximately $175,000. Institutional investors and hedge funds 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.