Oaktree Specialty Lending's (OCSL) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• Oaktree Specialty Lending's stock rating was reiterated as "Hold (C-)" by Weiss Ratings, while Zacks upgraded it from "strong sell" to "hold".
• The company's shares opened at $14.03 and have a market cap of $1.24 billion, despite missing earnings estimates in their last quarterly report.
• Institutional investors hold 36.79% of Oaktree Specialty Lending's stock, with significant recent acquisitions by firms such as National Bank of Canada FI and SVB Wealth LLC.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report)'s stock had its "hold (c-)" rating reiterated by stock analysts at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Separately, Zacks Research raised Oaktree Specialty Lending from a "strong sell" rating to a "hold" rating in a research note on Thursday, October 9th. Nine analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $15.00.

Oaktree Specialty Lending Stock Up 0.1%

Shares of Oaktree Specialty Lending stock opened at $14.03 on Friday. The stock has a 50-day moving average price of $13.42 and a 200 day moving average price of $13.82. The company has a market cap of $1.24 billion, a P/E ratio of 25.05 and a beta of 0.66. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.63. Oaktree Specialty Lending has a 1 year low of $12.44 and a 1 year high of $16.53.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.45 by ($0.08). Oaktree Specialty Lending had a return on equity of 10.94% and a net margin of 13.84%.The firm had revenue of $75.27 million for the quarter, compared to analysts' expectations of $79.14 million. During the same period last year, the business earned $0.55 earnings per share. As a group, analysts expect that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OCSL. National Bank of Canada FI increased its holdings in shares of Oaktree Specialty Lending by 259.0% during the 1st quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider's stock valued at $26,000 after acquiring an additional 1,220 shares during the last quarter. SVB Wealth LLC acquired a new stake in Oaktree Specialty Lending in the 1st quarter valued at approximately $26,000. MTM Investment Management LLC bought a new stake in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $34,000. Abound Wealth Management bought a new stake in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $35,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth approximately $42,000. Institutional investors and hedge funds own 36.79% of the company's stock.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies.

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