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

Key Points

• Wall Street Zen downgraded Oaktree Specialty Lending from “hold” to “sell,” while the broader analyst consensus is “Reduce,” with five holds and one sell and an average price target of $11.83.
• OCSL shares opened at $12.96, compared with a 52-week range of $10.63 to $14.31. The company reported quarterly EPS of $0.37, slightly above the $0.36 consensus, while revenue of $69.15 million narrowly missed expectations.
• Institutional investors increased their positions in several cases, and institutions currently own 36.79% of Oaktree Specialty Lending’s stock.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Sunday.

A number of other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Oaktree Specialty Lending from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, July 24th. Oppenheimer set a $13.00 price target on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Finally, B. Riley Financial restated a "neutral" rating on shares of Oaktree Specialty Lending in a research report on Friday. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $11.83.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $12.96 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.17 and a quick ratio of 0.17. The business's 50 day simple moving average is $11.95 and its 200 day simple moving average is $11.95. The stock has a market capitalization of $1.14 billion, a PE ratio of 27.00 and a beta of 0.49. Oaktree Specialty Lending has a one year low of $10.63 and a one year high of $14.31.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The credit services provider reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $69.15 million during the quarter, compared to analysts' expectations of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.62%. As a group, research analysts forecast that Oaktree Specialty Lending will post 1.51 earnings per share for the current year.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of hedge funds have recently made changes to their positions in the business. Cornerstone Advisory LLC grew its holdings in shares of 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 during the last quarter. Running Point Capital Advisors LLC lifted its stake in Oaktree Specialty Lending by 3.1% in the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider's stock worth $367,000 after purchasing an additional 877 shares during the last quarter. Security National Bank lifted its stake in Oaktree Specialty Lending by 40.6% in the fourth quarter. Security National Bank now owns 4,607 shares of the credit services provider's stock worth $59,000 after purchasing an additional 1,330 shares during the last quarter. International Assets Investment Management LLC boosted its position in Oaktree Specialty Lending by 118.3% during the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider's stock valued at $35,000 after buying an additional 1,707 shares during the period. Finally, Lido Advisors LLC boosted its position in Oaktree Specialty Lending by 1.5% during the fourth quarter. Lido Advisors LLC now owns 117,232 shares of the credit services provider's stock valued at $1,529,000 after buying an additional 1,720 shares during the period. 36.79% of the stock is currently owned by institutional investors.

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.

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