Oaktree Specialty Lending Co. (NASDAQ:OCSL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been given a consensus recommendation of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.00.

OCSL has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a report on Monday, July 29th. Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $20.00 to $18.00 in a report on Friday, August 2nd. StockNews.com cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. B. Riley reduced their price target on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, Wells Fargo & Company reduced their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OCSL. Private Management Group Inc. raised its position in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after acquiring an additional 672,561 shares during the period. Cercano Management LLC bought a new stake in Oaktree Specialty Lending in the first quarter worth about $8,659,000. Van ECK Associates Corp raised its position in shares of Oaktree Specialty Lending by 21.0% in the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after purchasing an additional 327,416 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Oaktree Specialty Lending by 148.2% in the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after purchasing an additional 243,963 shares during the period. Finally, TrueMark Investments LLC bought a new stake in shares of Oaktree Specialty Lending in the second quarter valued at approximately $4,243,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $15.96 on Friday. Oaktree Specialty Lending has a twelve month low of $15.56 and a twelve month high of $21.64. The firm has a fifty day simple moving average of $16.42 and a 200 day simple moving average of $17.83. The company has a market capitalization of $1.31 billion, a PE ratio of 18.34 and a beta of 1.09. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). Oaktree Specialty Lending had a return on equity of 12.03% and a net margin of 17.21%. The firm had revenue of $94.97 million for the quarter, compared to the consensus estimate of $99.35 million. On average, sell-side analysts forecast that Oaktree Specialty Lending will post 2.24 EPS for the current year.

Oaktree Specialty Lending Company Profile

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