Oaktree Specialty Lending (NASDAQ:OCSL) Stock Rating Lowered 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 research note issued on Sunday.

Other equities analysts have also recently issued reports about the company. B. Riley Financial reaffirmed a “neutral” rating on shares of Oaktree Specialty Lending in a report on Friday. Weiss Ratings lowered Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, July 24th. Finally, Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.83.

Oaktree Specialty Lending Trading Down 1.8%

Shares of Oaktree Specialty Lending stock opened at $12.73 on Friday. Oaktree Specialty Lending has a 12-month low of $10.63 and a 12-month high of $14.31. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.12 billion, a PE ratio of 26.52 and a beta of 0.49. The company has a 50-day moving average of $11.96 and a two-hundred day moving average of $11.94.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $69.15 million during the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. On average, research analysts anticipate that Oaktree Specialty Lending will post 1.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of large investors have recently bought and sold shares of OCSL. Bruni J V & Co. Co. acquired a new position in shares of Oaktree Specialty Lending during the 2nd quarter valued at about $29,549,160,000. Balyasny Asset Management L.P. boosted its position in shares of Oaktree Specialty Lending by 298.9% in the second quarter. Balyasny Asset Management L.P. now owns 626,324 shares of the credit services provider’s stock worth $8,556,000 after acquiring an additional 469,328 shares during the last quarter. UBS Group AG boosted its position in shares of Oaktree Specialty Lending by 47.5% in the fourth quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock worth $16,991,000 after acquiring an additional 429,303 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Oaktree Specialty Lending in the fourth quarter valued at approximately $4,841,000. Finally, BlackRock Inc. purchased a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $3,988,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

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.