Stock analysts at Jefferies Financial Group assumed coverage on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set a “buy” rating and a $6.50 price target on the credit services provider’s stock. Jefferies Financial Group’s price target suggests a potential upside of 25.48% from the company’s previous close.
A number of other equities analysts have also recently issued reports on the stock. Janney Montgomery Scott began coverage on shares of Oaktree Specialty Lending in a research report on Monday, July 29th. They set a “neutral” rating for the company. Zacks Investment Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, TheStreet upgraded shares of Oaktree Specialty Lending from a “c” rating to a “b” rating in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus target price of $6.31.
Shares of NASDAQ:OCSL opened at $5.18 on Thursday. The firm has a 50 day moving average of $5.17 and a 200-day moving average of $5.30. The stock has a market capitalization of $717.49 million, a PE ratio of 10.39, a PEG ratio of 5.06 and a beta of 0.51. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.18. Oaktree Specialty Lending has a 12 month low of $4.08 and a 12 month high of $5.75.
In related news, major shareholder Leonard M. Tannenbaum sold 22,725 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $5.26, for a total transaction of $119,533.50. 0.16% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Fox Run Management L.L.C. acquired a new position in Oaktree Specialty Lending during the 2nd quarter worth approximately $58,000. Raymond James Trust N.A. acquired a new position in Oaktree Specialty Lending in the 2nd quarter valued at approximately $62,000. Almitas Capital LLC acquired a new position in Oaktree Specialty Lending in the 1st quarter valued at approximately $72,000. Quantitative Systematic Strategies LLC acquired a new position in Oaktree Specialty Lending in the 2nd quarter valued at approximately $81,000. Finally, Brown Advisory Inc. acquired a new position in Oaktree Specialty Lending in the 2nd quarter valued at approximately $108,000. Institutional investors and hedge funds own 50.00% of the company’s stock.
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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