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

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other equities research analysts have also weighed in on the company. Lucid Cap Mkts upgraded Oaktree Specialty Lending to a “hold” rating in a research report on Monday, December 15th. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Finally, Wells Fargo & Company cut their price objective on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Thursday. Seven investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.75.

Oaktree Specialty Lending Stock Up 0.1%

Oaktree Specialty Lending stock opened at $12.14 on Friday. The company has a current ratio of 0.16, a quick ratio of 0.20 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 33.72 and a beta of 0.52. The stock has a 50 day moving average of $12.89 and a two-hundred day moving average of $13.33. Oaktree Specialty Lending has a twelve month low of $11.94 and a twelve month high of $16.29.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its earnings results on Wednesday, February 4th. The credit services provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Oaktree Specialty Lending had a net margin of 10.58% and a return on equity of 9.75%. The company had revenue of $74.48 million during the quarter, compared to analysts’ expectations of $75.72 million. During the same quarter last year, the business earned $0.54 EPS. As a group, research analysts expect that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Institutional Trading of Oaktree Specialty Lending

Several large investors have recently added to or reduced their stakes in the stock. MTM Investment Management LLC acquired a new stake in shares of Oaktree Specialty Lending in the second quarter valued at about $34,000. Garner Asset Management Corp bought a new stake in shares of Oaktree Specialty Lending in the fourth quarter worth $38,000. Sound Income Strategies LLC bought a new position in shares of Oaktree Specialty Lending during the third quarter worth about $42,000. Nomura Asset Management Co. Ltd. bought a new position in Oaktree Specialty Lending during the 2nd quarter worth approximately $46,000. Finally, Allworth Financial LP bought a new position in Oaktree Specialty Lending during the second quarter worth $48,000. 36.79% of the stock is currently 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.