Oaktree Specialty Lending (NASDAQ:OCSL) Raised to Hold at Wall Street Zen

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

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

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $11.61 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 20.37 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. The business has a fifty day moving average price of $11.90 and a 200-day moving average price of $11.96.

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

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently modified their holdings of the company. Sound Income Strategies LLC raised its position in Oaktree Specialty Lending by 1,378.6% during the 4th quarter. Sound Income Strategies LLC now owns 49,460 shares of the credit services provider’s stock worth $637,000 after buying an additional 46,115 shares during the last quarter. UBS Group AG boosted its holdings in shares of Oaktree Specialty Lending by 47.5% in the 4th quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock valued at $16,991,000 after acquiring an additional 429,303 shares during the last quarter. Private Management Group Inc. increased its stake in shares of Oaktree Specialty Lending by 8.1% in the fourth quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock worth $41,524,000 after acquiring an additional 245,207 shares during the period. Thrivent Financial for Lutherans acquired a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth $2,917,000. Finally, Legal & General Group Plc raised its holdings in shares of Oaktree Specialty Lending by 15.7% during the fourth quarter. Legal & General Group Plc now owns 616,676 shares of the credit services provider’s stock worth $7,853,000 after purchasing an additional 83,827 shares during the last quarter. Institutional investors and hedge funds 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.