Oaktree Specialty Lending Corp. (OCSL) – What Are Brokerages Thinking About This Stock?

Shares of Oaktree Specialty Lending Corp. (NASDAQ:OCSL) have been given a consensus recommendation of “Reduce” by the eight research firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.83.

Several equities analysts have weighed in on the stock. B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a research report on Friday, August 7th. Citigroup started coverage on shares of Oaktree Specialty Lending in a research note on Monday, October 26th. They set a “market perform” rating on the stock. Wall Street Zen upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. Weiss Ratings cut Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. Finally, Citizens Jmp assumed coverage on Oaktree Specialty Lending in a research report on Monday, October 26th. They issued a “market perform” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in OCSL. Cornerstone Advisory LLC boosted its stake in Oaktree Specialty Lending by 2.0% in the 1st quarter. Cornerstone Advisory LLC now owns 43,702 shares of the credit services provider’s stock valued at $494,000 after buying an additional 844 shares in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Oaktree Specialty Lending by 12.8% in the third quarter. Pinnacle Associates Ltd. now owns 14,552 shares of the credit services provider’s stock worth $173,000 after acquiring an additional 1,650 shares during the last quarter. International Assets Investment Management LLC raised its position in Oaktree Specialty Lending by 118.3% in the 1st quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock worth $35,000 after purchasing an additional 1,707 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Oaktree Specialty Lending by 5.2% during the second quarter. Tidal Investments LLC now owns 37,660 shares of the credit services provider’s stock valued at $450,000 after acquiring an additional 1,867 shares during the period. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Oaktree Specialty Lending during the 2nd quarter valued at about $40,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of NASDAQ OCSL opened at $12.52 on Friday. Oaktree Specialty Lending has a 1 year low of $10.63 and a 1 year high of $13.90. The firm has a market cap of $1.10 billion, a P/E ratio of 26.08 and a beta of 0.50. The stock has a fifty day moving average price of $12.17 and a two-hundred day moving average price of $12.07. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.19 and a current ratio of 0.19.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The company had revenue of $69.15 million during the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. Research analysts forecast that Oaktree Specialty Lending will post 1.51 EPS for the current fiscal year.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.

OCSL seeks to generate current income and, to a lesser extent, capital appreciation by partnering with companies across a range of industries. Its investments generally support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.

The company is externally managed by Oaktree Capital Management, a global investment management firm.