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

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) hit a new 52-week low during trading on Thursday . The stock traded as low as $12.39 and last traded at $12.3980, with a volume of 115278 shares. The stock had previously closed at $12.43.

Wall Street Analyst Weigh In

A number of research firms have commented on OCSL. Lucid Cap Mkts upgraded Oaktree Specialty Lending to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Zacks Research upgraded shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th. Seven analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of “Hold” and an average target price of $14.25.

Oaktree Specialty Lending Stock Performance

The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.64. The company has a fifty day moving average price of $13.04 and a 200 day moving average price of $13.40. The stock has a market cap of $1.09 billion, a PE ratio of 31.59 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, November 18th. The credit services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.02. Oaktree Specialty Lending had a net margin of 10.71% and a return on equity of 10.31%. The firm had revenue of $76.87 million for the quarter, compared to analysts’ expectations of $76.51 million. During the same quarter last year, the business earned $0.45 earnings per share. Analysts expect that Oaktree Specialty Lending Corp. will post 2.06 earnings per share for the current year.

Oaktree Specialty Lending Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date was Monday, December 15th. Oaktree Specialty Lending’s payout ratio is 410.26%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OCSL. MTM Investment Management LLC purchased a new stake in Oaktree Specialty Lending in the second quarter worth about $34,000. Sound Income Strategies LLC bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth approximately $42,000. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $46,000. Allworth Financial LP bought a new position in Oaktree Specialty Lending during the 2nd quarter valued at approximately $48,000. Finally, State of Alaska Department of Revenue purchased a new position in Oaktree Specialty Lending during the third quarter valued at $51,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.