Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a sell rating to a hold rating in a report published on Saturday morning.

Several other equities analysts also recently issued reports on the stock. Zacks Research raised shares of Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings cut shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Finally, Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $11.83.

Oaktree Specialty Lending Trading Up 2.8%

OCSL stock opened at $11.94 on Friday. Oaktree Specialty Lending has a 1-year low of $10.63 and a 1-year high of $14.31. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68. The business’s 50 day moving average is $11.90 and its 200-day moving average is $11.96. The firm has a market cap of $1.05 billion, a P/E ratio of 20.95 and a beta of 0.49.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The business had revenue of $69.74 million during the quarter, compared to the consensus estimate of $74.35 million. Oaktree Specialty Lending had a return on equity of 9.56% and a net margin of 16.66%.During the same quarter last year, the company earned $0.45 EPS. Equities analysts anticipate that Oaktree Specialty Lending will post 1.5 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Oaktree Specialty Lending by 118.3% in the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 1,707 shares during the period. Garner Asset Management Corp acquired a new position in Oaktree Specialty Lending during the 4th quarter valued at about $38,000. Fifth Third Bancorp acquired a new position in Oaktree Specialty Lending during the 1st quarter valued at about $41,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Oaktree Specialty Lending by 1,025.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider’s stock valued at $57,000 after purchasing an additional 3,793 shares during the last quarter. 36.79% of the stock is currently owned by 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.