TheStreet Upgrades Oaktree Specialty Lending (NASDAQ:OCSL) to B

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Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by TheStreet from a “c” rating to a “b” rating in a research report issued to clients and investors on Monday, TheStreetRatingsTable reports.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report on Saturday. Janney Montgomery Scott assumed coverage on shares of Oaktree Specialty Lending in a research report on Monday, July 29th. They set a “neutral” rating for the company. Finally, National Securities reiterated a “buy” rating and set a $7.00 target price on shares of Oaktree Specialty Lending in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Oaktree Specialty Lending has a consensus rating of “Buy” and an average target price of $6.25.

OCSL stock opened at $5.15 on Monday. The company has a 50 day moving average price of $5.32. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.06 and a quick ratio of 0.06. Oaktree Specialty Lending has a 12 month low of $4.08 and a 12 month high of $5.75. The company has a market capitalization of $713.96 million, a price-to-earnings ratio of 11.98, a P/E/G ratio of 5.29 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Wednesday, August 7th. The credit services provider reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Oaktree Specialty Lending had a net margin of 96.11% and a return on equity of 7.76%. The company had revenue of $36.67 million during the quarter, compared to analyst estimates of $39.57 million. Analysts anticipate that Oaktree Specialty Lending will post 0.49 EPS for the current fiscal year.

In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 48,700 shares of Oaktree Specialty Lending stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $5.64, for a total transaction of $274,668.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 178,945 shares of Oaktree Specialty Lending stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $5.68, for a total transaction of $1,016,407.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 783,976 shares of company stock valued at $4,316,543. 0.16% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Joseph P. Lucia & Associates LLC purchased a new position in shares of Oaktree Specialty Lending during the first quarter worth approximately $525,000. Quantamental Technologies LLC purchased a new position in shares of Oaktree Specialty Lending in the 1st quarter valued at about $28,000. Legacy Bridge LLC purchased a new position in shares of Oaktree Specialty Lending in the 1st quarter valued at about $28,000. Fox Run Management L.L.C. purchased a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at about $58,000. Finally, Raymond James Trust N.A. purchased a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at about $62,000. 47.62% of the stock is currently owned by hedge funds and other institutional investors.

Oaktree Specialty Lending Company Profile

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

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