Oaktree Specialty Lending (NASDAQ:OCSL) Downgraded to “Sell” Rating by Wall Street Zen

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

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

Oaktree Specialty Lending Trading Up 0.8%

OCSL stock opened at $12.13 on Friday. The firm has a fifty day moving average price of $12.12 and a 200 day moving average price of $12.29. Oaktree Specialty Lending has a fifty-two week low of $10.63 and a fifty-two 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. The firm has a market cap of $1.07 billion, a PE ratio of 21.28 and a beta of 0.50.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Tuesday, May 5th. The credit services provider reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%. The firm had revenue of $69.74 million during the quarter, compared to analyst estimates of $74.35 million. During the same period last year, the firm posted $0.45 earnings per share. Sell-side analysts anticipate that Oaktree Specialty Lending will post 1.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell bought 2,500 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was acquired at an average cost of $10.77 per share, for a total transaction of $26,925.00. Following the completion of the transaction, the director owned 23,500 shares in the company, valued at $253,095. This trade represents a 11.90% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.29% of the company’s stock.

Institutional Trading of Oaktree Specialty Lending

Institutional investors and hedge funds have recently made changes to their positions in the business. Garner Asset Management Corp bought a new stake in shares of Oaktree Specialty Lending during the fourth quarter worth $38,000. International Assets Investment Management LLC increased its stake in shares of Oaktree Specialty Lending by 118.3% during the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock valued at $35,000 after buying an additional 1,707 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at $42,000. Fifth Third Bancorp purchased a new position in shares of Oaktree Specialty Lending during the first quarter valued at $41,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Oaktree Specialty Lending by 1,025.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider’s stock valued at $57,000 after buying an additional 3,793 shares during the period. 36.79% of the stock is currently owned by institutional investors.

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.