Oaktree Specialty Lending (NASDAQ:OCSL) Stock Rating Lowered by Wall Street Zen

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

Several other equities research analysts also recently commented on the stock. Weiss Ratings upgraded shares of Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Wells Fargo & Company lowered their price target on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Lucid Cap Mkts upgraded Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.75.

Oaktree Specialty Lending Trading Up 0.1%

Oaktree Specialty Lending stock opened at $12.14 on Friday. Oaktree Specialty Lending has a one year low of $11.94 and a one year high of $16.29. The stock has a market cap of $1.07 billion, a PE ratio of 33.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.16 and a current ratio of 0.16. The stock has a 50-day moving average of $12.89 and a two-hundred day moving average of $13.31.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $74.48 million during the quarter, compared to analyst estimates of $75.72 million. Oaktree Specialty Lending had a net margin of 10.58% and a return on equity of 9.75%. During the same period last year, the firm posted $0.54 EPS. On average, research analysts anticipate that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OCSL. Stonegate Investment Group LLC boosted its position in Oaktree Specialty Lending by 5.6% in the 3rd quarter. Stonegate Investment Group LLC now owns 15,171 shares of the credit services provider’s stock worth $198,000 after purchasing an additional 800 shares in the last quarter. MRP Capital Investments LLC lifted its stake in shares of Oaktree Specialty Lending by 8.3% in the 2nd quarter. MRP Capital Investments LLC now owns 11,578 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 891 shares during the period. Creative Planning boosted its holdings in Oaktree Specialty Lending by 1.9% during the second quarter. Creative Planning now owns 53,128 shares of the credit services provider’s stock worth $726,000 after buying an additional 996 shares in the last quarter. Close Asset Management Ltd grew its position in Oaktree Specialty Lending by 19.4% during 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 period. Finally, SG Americas Securities LLC grew its position in Oaktree Specialty Lending by 11.9% during the third quarter. SG Americas Securities LLC now owns 11,940 shares of the credit services provider’s stock valued at $156,000 after buying an additional 1,265 shares during the period. 36.79% of the stock is currently owned by hedge funds and other 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.