Oaktree Specialty Lending (NASDAQ:OCSL – Get Free Report) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.
Several other equities analysts have also commented on the company. Weiss Ratings upgraded Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. B. Riley Financial restated a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.83.
Check Out Our Latest Stock Analysis on OCSL
Oaktree Specialty Lending Price Performance
Oaktree Specialty Lending (NASDAQ:OCSL – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Oaktree Specialty Lending had a return on equity of 9.70% and a net margin of 14.45%.The business had revenue of $69.15 million for the quarter, compared to the consensus estimate of $69.40 million. As a group, research analysts anticipate that Oaktree Specialty Lending will post 1.51 EPS for the current fiscal year.
Institutional Trading of Oaktree Specialty Lending
Large investors have recently added to or reduced their stakes in the stock. Private Management Group Inc. raised its holdings in Oaktree Specialty Lending by 4.0% in the 2nd quarter. Private Management Group Inc. now owns 3,869,484 shares of the credit services provider’s stock worth $46,202,000 after purchasing an additional 147,990 shares in the last quarter. Bruni J V & Co. Co. increased its position in shares of Oaktree Specialty Lending by 0.3% during the fourth quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock valued at $31,795,000 after buying an additional 8,691 shares during the period. Van ECK Associates Corp raised its stake in Oaktree Specialty Lending by 28.9% in the second quarter. Van ECK Associates Corp now owns 2,195,651 shares of the credit services provider’s stock worth $26,216,000 after buying an additional 492,070 shares in the last quarter. Rivernorth Capital Management LLC raised its stake in Oaktree Specialty Lending by 1.0% in the first quarter. Rivernorth Capital Management LLC now owns 1,279,906 shares of the credit services provider’s stock worth $14,463,000 after buying an additional 12,208 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Oaktree Specialty Lending in the second quarter worth about $8,980,000. Institutional investors own 36.79% of the company’s stock.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a business development company that provides financing to middle-market companies. The company seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities, with an emphasis on credit opportunities that may be underserved by traditional lenders.
OCSL primarily invests in first-lien and second-lien loans, subordinated debt, and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses in the United States.
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