Wall Street Zen Downgrades Oaktree Specialty Lending (NASDAQ:OCSL) to Sell

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

Several other equities analysts also recently commented on the company. Weiss Ratings raised Oaktree Specialty Lending from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, August 7th. Oppenheimer set a $13.00 target price on Oaktree Specialty Lending in a research note on Wednesday, May 6th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Six equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $11.83.

Oaktree Specialty Lending Stock Down 0.7%

Shares of NASDAQ:OCSL opened at $13.06 on Tuesday. Oaktree Specialty Lending has a 1 year low of $10.63 and a 1 year high of $14.31. The business has a 50 day simple moving average of $12.22 and a two-hundred day simple moving average of $11.99. The firm has a market capitalization of $1.15 billion, a PE ratio of 27.21 and a beta of 0.49. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.19 and a quick ratio of 0.19.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its 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 analysts’ expectations of $69.40 million. On average, equities analysts predict that Oaktree Specialty Lending will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of OCSL. Private Management Group Inc. raised its position in Oaktree Specialty Lending by 4.0% during the 2nd quarter. Private Management Group Inc. now owns 3,869,484 shares of the credit services provider’s stock valued at $46,202,000 after purchasing an additional 147,990 shares in the last quarter. Bruni J V & Co. Co. grew its position in shares of Oaktree Specialty Lending by 0.3% during the 4th quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock worth $31,795,000 after buying an additional 8,691 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Oaktree Specialty Lending by 28.9% during the second quarter. Van ECK Associates Corp now owns 2,195,651 shares of the credit services provider’s stock valued at $26,216,000 after buying an additional 492,070 shares during the period. UBS Group AG increased its stake in shares of Oaktree Specialty Lending by 47.5% during the fourth quarter. UBS Group AG now owns 1,333,643 shares of the credit services provider’s stock valued at $16,991,000 after buying an additional 429,303 shares during the period. Finally, Rivernorth Capital Management LLC raised its holdings in shares of Oaktree Specialty Lending by 1.0% in the first quarter. Rivernorth Capital Management LLC now owns 1,279,906 shares of the credit services provider’s stock valued at $14,463,000 after acquiring an additional 12,208 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

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.