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

Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company decreased their price objective on shares of Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Thursday, February 5th. Weiss Ratings lowered shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Lucid Cap Mkts raised shares of Oaktree Specialty Lending to a “hold” rating in a report on Monday, December 15th. Finally, Zacks Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a research report on Monday, February 9th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Oaktree Specialty Lending presently has a consensus rating of “Reduce” and a consensus price target of $13.75.

Oaktree Specialty Lending Stock Down 2.4%

NASDAQ:OCSL opened at $11.56 on Friday. The stock’s fifty day simple moving average is $12.58 and its 200-day simple moving average is $13.19. The firm has a market capitalization of $1.02 billion, a P/E ratio of 32.11 and a beta of 0.52. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.66. Oaktree Specialty Lending has a 12-month low of $11.52 and a 12-month high of $16.29.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Wednesday, February 4th. The credit services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $74.48 million for the quarter, compared to analyst estimates of $75.72 million. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts expect that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Oaktree Specialty Lending

Institutional investors have recently bought and sold shares of the company. MTM Investment Management LLC bought a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth approximately $34,000. Garner Asset Management Corp acquired a new position in Oaktree Specialty Lending during the fourth quarter worth $38,000. Sound Income Strategies LLC bought a new position in Oaktree Specialty Lending in the third quarter valued at $42,000. Northwestern Mutual Wealth Management Co. bought a new stake in Oaktree Specialty Lending during the fourth quarter worth about $42,000. Finally, Nomura Asset Management Co. Ltd. bought a new stake in Oaktree Specialty Lending during the second quarter worth about $46,000. Institutional investors own 36.79% of the company’s stock.

About Oaktree Specialty Lending

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.