Oaktree Specialty Lending (OCSL) Receiving Somewhat Positive Press Coverage, Report Finds
News stories about Oaktree Specialty Lending (NASDAQ:OCSL) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Oaktree Specialty Lending earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 44.992416400761 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Oaktree Specialty Lending (OCSL) opened at $4.97 on Friday. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.48. The firm has a market cap of $700.57, a price-to-earnings ratio of -3.58, a price-to-earnings-growth ratio of 5.89 and a beta of 0.06. Oaktree Specialty Lending has a 12-month low of $3.90 and a 12-month high of $5.91.
Oaktree Specialty Lending (NASDAQ:OCSL) last issued its earnings results on Wednesday, November 29th. The credit services provider reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05). The business had revenue of $35.73 million during the quarter. Oaktree Specialty Lending had a negative net margin of 110.68% and a positive return on equity of 7.40%. equities analysts predict that Oaktree Specialty Lending will post 0.42 EPS for the current fiscal year.
OCSL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. BMO Capital Markets restated a “hold” rating and set a $4.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, October 6th. ValuEngine cut shares of Oaktree Specialty Lending from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. JPMorgan Chase & Co. upped their price objective on shares of Oaktree Specialty Lending from $5.50 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $6.00 price objective on shares of Oaktree Specialty Lending in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.75.
In other Oaktree Specialty Lending news, COO Mathew Pendo bought 12,000 shares of Oaktree Specialty Lending stock in a transaction dated Friday, December 15th. The stock was acquired at an average cost of $4.66 per share, for a total transaction of $55,920.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $5.56, for a total transaction of $7,837,409.36. The disclosure for this sale can be found here. Insiders bought 362,534 shares of company stock valued at $1,734,287 over the last quarter. Company insiders own 0.14% of the company’s stock.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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