Oaktree Specialty Lending Corp. (NASDAQ:OCSL) Stock Has Consensus Price Target of $11.83 According to Analysts

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) has earned a consensus rating of “Reduce” from the eight analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.83.

A number of equities research analysts have weighed in on the company. Wall Street Zen raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Citizens Jmp started coverage on Oaktree Specialty Lending in a research note on Monday, October 26th. They issued a “market perform” rating on the stock. B. Riley Financial reissued a “neutral” rating on shares of Oaktree Specialty Lending in a report on Friday, August 7th. Weiss Ratings downgraded Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Citigroup initiated coverage on Oaktree Specialty Lending in a research note on Monday, October 26th. They issued a “market perform” rating on the stock.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock opened at $12.50 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.19 and a current ratio of 0.19. The firm’s 50-day simple moving average is $12.16 and its 200-day simple moving average is $12.07. Oaktree Specialty Lending has a twelve month low of $10.63 and a twelve month high of $13.90. The firm has a market cap of $1.10 billion, a P/E ratio of 26.04 and a beta of 0.50.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its 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 net margin of 14.45% and a return on equity of 9.70%. The business had revenue of $69.15 million for the quarter, compared to analysts’ expectations of $69.40 million. As a group, research analysts expect that Oaktree Specialty Lending will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in shares of Oaktree Specialty Lending by 2.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,080,595 shares of the credit services provider’s stock worth $12,859,000 after purchasing an additional 26,408 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Oaktree Specialty Lending by 123.9% during the 3rd quarter. Fifth Third Bancorp now owns 6,024 shares of the credit services provider’s stock valued at $72,000 after purchasing an additional 3,333 shares during the last quarter. Private Management Group Inc. boosted its position in Oaktree Specialty Lending by 3.6% in the third quarter. Private Management Group Inc. now owns 4,010,332 shares of the credit services provider’s stock valued at $47,723,000 after buying an additional 140,848 shares in the last quarter. StoneX Group Inc. acquired a new position in Oaktree Specialty Lending in the third quarter valued at about $158,000. Finally, Chicago Partners Investment Group LLC bought a new stake in Oaktree Specialty Lending during the third quarter worth about $357,000. 36.79% of the stock is 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.