Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded at Wall Street Zen

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

A number of other brokerages have also recently issued reports on OCSL. Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $13.50 to $10.50 and set a “neutral” rating for the company in a report on Friday, March 13th. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, April 15th. Finally, Zacks Research raised Oaktree Specialty Lending from a “strong sell” rating to a “hold” rating in a report on Monday, April 6th. Five analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.83.

Oaktree Specialty Lending Stock Down 2.5%

Shares of NASDAQ OCSL opened at $11.92 on Friday. The stock has a market cap of $1.05 billion, a PE ratio of 20.91 and a beta of 0.50. The business has a fifty day moving average of $12.04 and a two-hundred day moving average of $12.33. Oaktree Specialty Lending has a 52-week low of $10.63 and a 52-week high of $14.77. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.17 and a current ratio of 0.17.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings data on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The company had revenue of $69.74 million during the quarter, compared to analysts’ expectations of $74.35 million. Oaktree Specialty Lending had a return on equity of 9.56% and a net margin of 16.66%.During the same period last year, the business earned $0.45 earnings per share. As a group, equities research analysts expect that Oaktree Specialty Lending will post 1.5 earnings per share for the current fiscal year.

Insider Activity

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell purchased 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was acquired at an average cost of $10.77 per share, with a total value of $26,925.00. Following the completion of the acquisition, the director directly owned 23,500 shares of the company’s stock, valued at $253,095. This represents a 11.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Advisory LLC raised its holdings in shares of Oaktree Specialty Lending by 2.0% in the first quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider’s stock valued at $494,000 after buying an additional 844 shares during the last quarter. Running Point Capital Advisors LLC raised its holdings in shares of Oaktree Specialty Lending by 3.1% in the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock valued at $367,000 after buying an additional 877 shares during the last quarter. Close Asset Management Ltd raised its holdings in shares of Oaktree Specialty Lending by 19.4% in the third quarter. Close Asset Management Ltd now owns 7,400 shares of the credit services provider’s stock valued at $97,000 after buying an additional 1,200 shares during the last quarter. Security National Bank raised its holdings in shares of Oaktree Specialty Lending by 40.6% in the fourth quarter. Security National Bank now owns 4,607 shares of the credit services provider’s stock valued at $59,000 after buying an additional 1,330 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in shares of Oaktree Specialty Lending by 0.5% in the fourth quarter. Muzinich & Co. Inc. now owns 332,569 shares of the credit services provider’s stock valued at $4,237,000 after buying an additional 1,663 shares during the last quarter. 36.79% of the stock is owned by institutional investors.

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.