BMO Capital Markets Cuts Oaktree Specialty Lending (OCSL) Price Target to $4.00

Oaktree Specialty Lending (NASDAQ:OCSL) had its price target decreased by investment analysts at BMO Capital Markets from $5.00 to $4.00 in a research report issued on Monday. The brokerage currently has a “market perform” rating on the credit services provider’s stock. BMO Capital Markets’ price objective would suggest a potential downside of 9.50% from the company’s previous close.

A number of other equities research analysts have also commented on OCSL. Keefe, Bruyette & Woods set a $5.00 price target on Oaktree Specialty Lending and gave the stock a “hold” rating in a research report on Friday. National Securities reaffirmed a “neutral” rating and set a $5.00 price target on shares of Oaktree Specialty Lending in a research report on Monday. Zacks Investment Research raised Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, November 7th. JPMorgan Chase & Co. raised their price target on 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, Maxim Group reaffirmed a “hold” rating on shares of Oaktree Specialty Lending in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Oaktree Specialty Lending currently has an average rating of “Hold” and a consensus price target of $5.50.

Oaktree Specialty Lending (OCSL) traded up $0.06 during midday trading on Monday, hitting $4.42. The stock had a trading volume of 1,385,100 shares, compared to its average volume of 906,481. The firm has a market capitalization of $623.05, a price-to-earnings ratio of -4.06, a P/E/G ratio of 6.03 and a beta of 0.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. Oaktree Specialty Lending has a 52 week low of $3.90 and a 52 week high of $5.91.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, February 8th. The credit services provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). The business had revenue of $33.88 million for the quarter, compared to analyst estimates of $35.00 million. Oaktree Specialty Lending had a positive return on equity of 6.74% and a negative net margin of 95.68%. analysts anticipate that Oaktree Specialty Lending will post 0.37 EPS for the current fiscal year.

In other news, Director John Frank bought 28,784 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average price of $4.74 per share, with a total value of $136,436.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard Ruben bought 14,550 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of $4.82 per share, for a total transaction of $70,131.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 362,534 shares of company stock worth $1,734,287. 0.10% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $1,654,000. TCW Group Inc. bought a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $570,000. Royce & Associates LP bought a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $1,306,000. BlackRock Inc. bought a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $3,831,000. Finally, Pinebridge Investments L.P. bought a new position in Oaktree Specialty Lending in the fourth quarter valued at approximately $331,000. Hedge funds and other institutional investors own 35.87% of the company’s stock.

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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.

Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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