Oaktree Specialty Lending (NASDAQ:OCSL) Lowered to Strong Sell Rating by Zacks Research

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Monday,Zacks.com reports.

Several other research firms also recently commented on OCSL. Wells Fargo & Company dropped their price objective on Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 5th. Lucid Cap Mkts raised Oaktree Specialty Lending to a “hold” rating in a research report on Monday, December 15th. Wall Street Zen cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings lowered shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. Five investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $13.75.

Oaktree Specialty Lending Trading Down 0.5%

NASDAQ OCSL opened at $12.32 on Monday. The business’s fifty day moving average is $12.84 and its 200-day moving average is $13.28. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.16 and a quick ratio of 0.16. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 34.22 and a beta of 0.52. Oaktree Specialty Lending has a one year low of $11.94 and a one year high of $16.29.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Wednesday, February 4th. The credit services provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The business had revenue of $74.48 million during the quarter, compared to the consensus estimate of $75.72 million. Oaktree Specialty Lending had a net margin of 10.58% and a return on equity of 9.75%. During the same quarter last year, the company posted $0.54 earnings per share. Equities research analysts predict that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds have recently added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new position in Oaktree Specialty Lending during the 2nd quarter valued at about $34,000. Garner Asset Management Corp bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter worth approximately $38,000. Sound Income Strategies LLC bought a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Oaktree Specialty Lending during the fourth quarter valued at approximately $42,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Oaktree Specialty Lending in the second quarter worth $46,000. 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.