Weiss Ratings Reiterates "Hold (C-)" Rating for Oaktree Specialty Lending (NASDAQ:OCSL)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for Oaktree Specialty Lending (NASDAQ:OCSL), while Zacks Research downgraded the stock from "Hold" to "Strong Sell."
• The current consensus price target for OCSL shares is $15.00, with eight analysts holding a "Hold" rating and one having a "Sell" rating.
• For the last quarter, Oaktree Specialty Lending reported earnings per share of $0.37, missing the consensus estimate, with forecasted earnings of 2.06 EPS for the current fiscal year.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report)'s stock had its "hold (c-)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Zacks Research cut shares of Oaktree Specialty Lending from a "hold" rating to a "strong sell" rating in a research note on Thursday, September 25th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $15.00.

Oaktree Specialty Lending Stock Up 0.5%

Shares of OCSL opened at $12.65 on Wednesday. Oaktree Specialty Lending has a one year low of $12.50 and a one year high of $16.66. The company has a market cap of $1.11 billion, a P/E ratio of 22.59 and a beta of 0.66. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.21 and a quick ratio of 0.21. The firm has a 50 day simple moving average of $13.47 and a two-hundred day simple moving average of $13.95.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $75.27 million for the quarter, compared to analyst estimates of $79.14 million. During the same quarter last year, the company posted $0.55 earnings per share. Research analysts forecast that Oaktree Specialty Lending will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently made changes to their positions in OCSL. National Bank of Canada FI raised its holdings in shares of Oaktree Specialty Lending by 259.0% in the 1st quarter. National Bank of Canada FI now owns 1,691 shares of the credit services provider's stock worth $26,000 after acquiring an additional 1,220 shares during the last quarter. SVB Wealth LLC purchased a new stake in Oaktree Specialty Lending in the 1st quarter valued at about $26,000. MTM Investment Management LLC purchased a new stake in Oaktree Specialty Lending in the 2nd quarter valued at about $34,000. Abound Wealth Management purchased a new stake in Oaktree Specialty Lending in the 2nd quarter valued at about $35,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Oaktree Specialty Lending in the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 36.79% of the company's stock.

About Oaktree Specialty Lending

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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