Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b” rating in a report issued on Monday.
OCSL has been the topic of a number of other reports. Zacks Investment Research lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. National Securities reissued a “neutral” rating and issued a $5.00 target price on shares of Oaktree Specialty Lending in a report on Monday, December 3rd. Finally, JMP Securities raised their target price on Oaktree Specialty Lending from $5.50 to $5.75 and gave the company a “market outperform” rating in a report on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.46.
NASDAQ:OCSL opened at $4.95 on Monday. Oaktree Specialty Lending has a 1-year low of $4.08 and a 1-year high of $5.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $694.94 million, a P/E ratio of 11.51, a PEG ratio of 5.56 and a beta of 0.58.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Thursday, November 29th. The credit services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Oaktree Specialty Lending had a net margin of 33.71% and a return on equity of 7.18%. The firm had revenue of $38.22 million for the quarter, compared to analyst estimates of $34.14 million. Analysts forecast that Oaktree Specialty Lending will post 0.44 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth $85,000. Marshall Wace North America L.P. acquired a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth $122,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Oaktree Specialty Lending during the 3rd quarter worth $153,000. California Public Employees Retirement System acquired a new position in shares of Oaktree Specialty Lending during the 2nd quarter worth $147,000. Finally, Ramsey Quantitative Systems raised its stake in shares of Oaktree Specialty Lending by 54.0% during the 3rd quarter. Ramsey Quantitative Systems now owns 32,066 shares of the credit services provider’s stock worth $159,000 after buying an additional 11,250 shares during the last quarter. 43.88% of the stock is owned by institutional investors and hedge funds.
Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.
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