Oaktree Specialty Lending (NASDAQ:OCSL) Given “Hold (C-)” Rating at Weiss Ratings

Oaktree Specialty Lending (NASDAQ:OCSL)‘s stock had its “hold (c-)” rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Separately, Zacks Research upgraded Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 9th. Nine research analysts have rated the stock with a Hold rating, According to MarketBeat, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus price target of $15.00.

Oaktree Specialty Lending Stock Performance

Oaktree Specialty Lending stock opened at $14.03 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21. The stock has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $13.82. Oaktree Specialty Lending has a 52-week low of $12.44 and a 52-week high of $16.53. The firm has a market capitalization of $1.24 billion, a P/E ratio of 25.05 and a beta of 0.66.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.08). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. As a group, analysts anticipate that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several institutional investors have recently bought and sold shares of OCSL. National Bank of Canada FI raised its position in shares of Oaktree Specialty Lending by 259.0% during the first quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider’s stock worth $26,000 after acquiring an additional 1,220 shares during the last quarter. SVB Wealth LLC bought a new stake in shares of Oaktree Specialty Lending during the first quarter worth $26,000. MTM Investment Management LLC bought a new stake in shares of Oaktree Specialty Lending during the second quarter worth $34,000. Abound Wealth Management bought a new stake in shares of Oaktree Specialty Lending during the second quarter worth $35,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Oaktree Specialty Lending during the third quarter worth $42,000. Institutional investors own 36.79% of the company’s stock.

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.