Oaktree Specialty Lending Corp. (NASDAQ:OCSL – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.83.
A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. B. Riley Financial reissued a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Citizens Jmp assumed coverage on shares of Oaktree Specialty Lending in a report on Monday, October 26th. They issued a “market perform” rating on the stock. Finally, Citigroup assumed coverage on shares of Oaktree Specialty Lending in a research report on Monday, October 26th. They issued a “market perform” rating on the stock.
Check Out Our Latest Stock Analysis on Oaktree Specialty Lending
Oaktree Specialty Lending Price Performance
Shares of OCSL opened at $12.20 on Friday. The business’s fifty day moving average is $12.19 and its 200 day moving average is $12.07. Oaktree Specialty Lending has a 12-month low of $10.63 and a 12-month high of $13.90. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.07 billion, a P/E ratio of 25.42 and a beta of 0.50.
Oaktree Specialty Lending (NASDAQ:OCSL – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. The business had revenue of $69.15 million during the quarter, compared to analyst estimates of $69.40 million. Sell-side analysts anticipate that Oaktree Specialty Lending will post 1.51 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Oaktree Specialty Lending
Several large investors have recently bought and sold shares of OCSL. Cornerstone Advisory LLC increased its stake in Oaktree Specialty Lending by 2.0% in the 1st quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider’s stock valued at $494,000 after buying an additional 844 shares during the last quarter. Pinnacle Associates Ltd. lifted its position in shares of Oaktree Specialty Lending by 12.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 14,552 shares of the credit services provider’s stock worth $173,000 after buying an additional 1,650 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Oaktree Specialty Lending by 118.3% in the 1st quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock worth $35,000 after buying an additional 1,707 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Oaktree Specialty Lending by 5.2% in the 2nd quarter. Tidal Investments LLC now owns 37,660 shares of the credit services provider’s stock worth $450,000 after buying an additional 1,867 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $40,000. 36.79% of the stock is currently owned by institutional investors.
About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.
OCSL seeks to generate current income and, to a lesser extent, capital appreciation by partnering with companies across a range of industries. Its investments generally support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.
The company is externally managed by Oaktree Capital Management, a global investment management firm.
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