Oaktree Specialty Lending (NASDAQ:OCSL) Stock Picked Up by Analysts at Citizens Jmp

Stock analysts at Citizens Jmp assumed coverage on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a report released on Monday, Briefing.com reports. The brokerage set a “market perform” rating on the credit services provider’s stock.

OCSL has been the subject of a number of other research reports. Citigroup assumed coverage on Oaktree Specialty Lending in a research report on Monday. They set a “market perform” rating for the company. B. Riley Financial restated a “neutral” rating on shares of Oaktree Specialty Lending in a report on Friday, August 7th. Wall Street Zen raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday, September 26th. Finally, Weiss Ratings lowered Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.83.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $11.44 on Monday. Oaktree Specialty Lending has a 12 month low of $10.63 and a 12 month high of $14.31. The firm has a market cap of $1.01 billion, a PE ratio of 23.83 and a beta of 0.51. The firm has a 50 day simple moving average of $12.34 and a 200 day simple moving average of $12.19. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $69.15 million during the quarter, compared to analysts’ expectations of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. Equities research analysts forecast that Oaktree Specialty Lending will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Oaktree Specialty Lending

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in shares of 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 buying an additional 1,707 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth about $40,000. Allworth Financial LP bought a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth about $41,000. Fifth Third Bancorp acquired a new position in shares of Oaktree Specialty Lending during the 1st quarter valued at about $41,000. Finally, TrinityBridge Ltd bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at approximately $88,000. 36.79% of the stock is owned by institutional investors and hedge funds.

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.