Oaktree Specialty Lending (NASDAQ:OCSL) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Oaktree Specialty Lending from “sell” to “hold,” joining a consensus rating of “Hold” from six analysts. The average analyst price target is $11.83.
• OCSL opened at $12.98, with a market capitalization of $1.14 billion and a 52-week trading range of $10.63 to $14.31.
• The company reported quarterly EPS of $0.37, slightly above the $0.36 consensus estimate, while revenue of $69.15 million fell just short of analysts’ $69.40 million forecast. Institutional investors and hedge funds own 36.79% of the stock.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) was upgraded by Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Monday.

OCSL has been the topic of several other reports. Oppenheimer set a $13.00 target price on Oaktree Specialty Lending in a report on Wednesday, May 6th. B. Riley Financial reissued a "neutral" rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Finally, Weiss Ratings upgraded Oaktree Specialty Lending from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, August 7th. Six analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $11.83.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $12.98 on Monday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 27.04 and a beta of 0.49. Oaktree Specialty Lending has a twelve month low of $10.63 and a twelve month high of $14.31. The business's fifty day moving average is $12.03 and its 200 day moving average is $11.95.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Oaktree Specialty Lending had a return on equity of 9.70% and a net margin of 14.45%.The firm had revenue of $69.15 million for the quarter, compared to analyst estimates of $69.40 million. As a group, sell-side analysts expect that Oaktree Specialty Lending will post 1.51 EPS for the current fiscal year.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of institutional investors have recently modified their holdings of the company. Cornerstone Advisory LLC increased its stake in Oaktree Specialty Lending by 2.0% during the 1st quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider's stock valued at $494,000 after purchasing an additional 844 shares in the last quarter. Running Point Capital Advisors LLC increased its position in shares of Oaktree Specialty Lending by 3.1% during the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider's stock worth $367,000 after acquiring an additional 877 shares in the last quarter. Security National Bank raised its holdings in shares of Oaktree Specialty Lending by 40.6% in the 4th quarter. Security National Bank now owns 4,607 shares of the credit services provider's stock worth $59,000 after acquiring an additional 1,330 shares during the last quarter. International Assets Investment Management LLC lifted its position in Oaktree Specialty Lending by 118.3% in the 1st quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider's stock valued at $35,000 after acquiring an additional 1,707 shares in the last quarter. Finally, Lido Advisors LLC increased its holdings in Oaktree Specialty Lending by 1.5% during the 4th quarter. Lido Advisors LLC now owns 117,232 shares of the credit services provider's stock worth $1,529,000 after purchasing an additional 1,720 shares in the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

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.

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