Oaktree Specialty Lending (NASDAQ:OCSL) Stock Rating Upgraded by Wall Street Zen

Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Monday.

A number of other equities research analysts have also weighed in on OCSL. B. Riley Financial restated a “neutral” rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Finally, Oppenheimer set a $13.00 target price on Oaktree Specialty Lending in a research note on Wednesday, May 6th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $11.83.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $12.94 on Monday. The firm has a 50-day moving average of $12.07 and a two-hundred day moving average of $11.95. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $1.14 billion, a P/E ratio of 26.96 and a beta of 0.49. Oaktree Specialty Lending has a 1-year low of $10.63 and a 1-year high of $14.31.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Wednesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $69.40 million. On average, research analysts expect 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 modified their holdings of the stock. International Assets Investment Management LLC increased its holdings 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 valued at $35,000 after buying an additional 1,707 shares during the last quarter. Garner Asset Management Corp bought a new position in Oaktree Specialty Lending during the 4th quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. bought a new position in Oaktree Specialty Lending during the 2nd quarter worth approximately $40,000. Fifth Third Bancorp bought a new position in Oaktree Specialty Lending during the 1st quarter worth approximately $41,000. Finally, Allworth Financial LP acquired a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $41,000. Institutional investors own 36.79% of the company’s stock.

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.