Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Oaktree Specialty Lending from “sell” to “hold,” while other analysts maintained or raised the stock to hold/neutral ratings. The consensus rating is “Hold,” with an average price target of $11.83.
• OCSL reported quarterly EPS of $0.37, exceeding estimates of $0.36, while revenue of $69.15 million fell slightly short of the $69.40 million consensus.
• Institutional investors made notable purchases during the second quarter, and institutions and hedge funds now own 36.79% of the company. The stock opened at $12.10, with a 12-month trading range of $10.63 to $14.31.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms also recently issued reports on OCSL. B. Riley Financial reaffirmed a "neutral" rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Weiss Ratings raised shares of Oaktree Specialty Lending from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, August 7th. Six research analysts have rated the stock with a Hold rating, According to MarketBeat, Oaktree Specialty Lending presently has an average rating of "Hold" and a consensus target price of $11.83.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $12.10 on Friday. The firm has a 50-day moving average price of $12.56 and a two-hundred day moving average price of $12.12. Oaktree Specialty Lending has a 12-month low of $10.63 and a 12-month high of $14.31. The company has a market capitalization of $1.07 billion, a P/E ratio of 25.21 and a beta of 0.50. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The company had revenue of $69.15 million for the quarter, compared to analyst estimates of $69.40 million. Oaktree Specialty Lending had a return on equity of 9.70% and a net margin of 14.45%. Analysts anticipate that Oaktree Specialty Lending will post 1.51 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of OCSL. Bruni J V & Co. Co. bought a new stake in Oaktree Specialty Lending during the second quarter worth $29,549,160. Legal & General Group Plc bought a new position in Oaktree Specialty Lending during the 2nd quarter valued at $8,980,000. Melia Wealth LLC bought a new position in Oaktree Specialty Lending during the 2nd quarter valued at $8,707,000. Van ECK Associates Corp lifted its stake in Oaktree Specialty Lending by 28.9% during the 2nd quarter. Van ECK Associates Corp now owns 2,195,651 shares of the credit services provider's stock valued at $26,216,000 after acquiring an additional 492,070 shares in the last quarter. Finally, BlackRock Inc. purchased a new position in Oaktree Specialty Lending during the 2nd quarter worth $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 business development company that provides financing to middle-market companies. The company seeks to generate current income and capital appreciation by investing in privately negotiated debt and equity securities, with an emphasis on credit opportunities that may be underserved by traditional lenders.

OCSL primarily invests in first-lien and second-lien loans, subordinated debt, and, to a lesser extent, equity investments. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses in the United States.

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