Oaktree Specialty Lending (OCSL) Stock Rating Upgraded by Zacks Investment Research

Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Oaktree Specialty Lending Corporation is a specialty finance company. It provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company generates current income and capital appreciation by providing companies with flexible and innovative financing solutions including first and second lien loans, unsecured and mezzanine loans and preferred equity. Oaktree Specialty Lending Corporation, formerly known as Fifth Street Finance Corp., is based in CA, United States. “

OCSL has been the topic of several other research reports. National Securities raised Oaktree Specialty Lending from a “neutral” rating to a “buy” rating and upped their target price for the company from $5.00 to $7.00 in a research report on Thursday, February 7th. ValuEngine raised Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research report on Friday. JMP Securities increased their price target on Oaktree Specialty Lending from $5.50 to $5.75 and gave the stock a “market outperform” rating in a research report on Monday, December 17th. Finally, TheStreet raised Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research report on Monday, February 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $5.79.

Oaktree Specialty Lending stock opened at $5.24 on Tuesday. Oaktree Specialty Lending has a 12 month low of $4.08 and a 12 month high of $5.29. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $738.63 million, a PE ratio of 12.19, a PEG ratio of 5.49 and a beta of 0.58.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Thursday, February 7th. The credit services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01. Oaktree Specialty Lending had a return on equity of 7.54% and a net margin of 73.31%. The company had revenue of $38.28 million for the quarter, compared to the consensus estimate of $36.80 million. On average, analysts anticipate that Oaktree Specialty Lending will post 0.48 EPS for the current year.

A number of large investors have recently modified their holdings of OCSL. Investment Management of Virginia LLC grew its position in Oaktree Specialty Lending by 706.8% during the fourth quarter. Investment Management of Virginia LLC now owns 1,259,673 shares of the credit services provider’s stock worth $5,328,000 after buying an additional 1,103,541 shares in the last quarter. Bruni J V & Co. Co. grew its position in Oaktree Specialty Lending by 28.3% during the fourth quarter. Bruni J V & Co. Co. now owns 3,958,176 shares of the credit services provider’s stock worth $16,743,000 after buying an additional 872,638 shares in the last quarter. Hilton Capital Management LLC grew its position in Oaktree Specialty Lending by 24.6% during the third quarter. Hilton Capital Management LLC now owns 3,957,659 shares of the credit services provider’s stock worth $19,630,000 after buying an additional 780,594 shares in the last quarter. West Family Investments Inc. grew its position in Oaktree Specialty Lending by 43.2% during the fourth quarter. West Family Investments Inc. now owns 1,035,721 shares of the credit services provider’s stock worth $4,381,000 after buying an additional 312,556 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Oaktree Specialty Lending by 271.1% during the third quarter. Wells Fargo & Company MN now owns 385,027 shares of the credit services provider’s stock worth $1,910,000 after buying an additional 281,281 shares in the last quarter. 43.84% of the stock is currently owned by institutional investors and hedge funds.

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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