Oaktree Specialty Lending (NASDAQ: OCSL) upgraded to B at TheStreet
Oaktree Specialty Loans (NASDAQ: OCSL) was upgraded by equity research analysts at TheStreet from a “c +” rating to a “b” rating in a report released Wednesday, reports TheStreetRatingsTable.
A number of other equity research analysts have also commented on the company recently. Oppenheimer began covering Oaktree Specialty Lending in a research note on Wednesday, June 23. They issued an “outperformance” rating and a price target of $ 7.50 for the company. Zacks Investment Research downgraded Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research report released on Wednesday, April 28. One equity research analyst rated the stock with a conservation rating and three issued a buy rating for the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $ 6.94.
Shares of Oaktree Specialty Lending opened at $ 7.09 on Wednesday. The company has a quick ratio of 0.11, a current ratio of 0.11, and a debt ratio of 0.23. Oaktree Specialty Lending has a 52 week low of $ 4.52 and a 52 week high of $ 7.10. The company has a 50-day moving average price of $ 6.77. The company has a market cap of $ 1.28 billion, a PE ratio of 2.94, a PEG ratio of 1.01 and a beta of 1.45.
Oaktree Specialty Lending (NASDAQ: OCSL) last reported its quarterly earnings data on Thursday, May 6. The credit service provider reported EPS of $ 0.14 for the quarter, meeting the Zacks’ consensus estimate of $ 0.14. Oaktree Specialty Lending reported a return on equity of 8.16% and a net margin of 217.84%. The company posted revenue of $ 41.94 million in the quarter, compared to $ 39.12 million expected by analysts. As a group, analysts expect Oaktree Specialty Lending to post earnings per share of 0.56 for the current fiscal year.
Meanwhile, main shareholder Leonard M. Tannenbaum sold 38,200 shares of Oaktree Specialty Lending in a trade on Friday, May 21. The stock was sold for an average price of $ 6.70, for a total trade of $ 255,940.00. As a result of the sale, the insider now directly owns 21,292,165 shares of the company, valued at $ 142,657,505.50. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. In addition, principal shareholder Leonard M. Tannenbaum sold 100,000 shares of Oaktree Specialty Lending in a transaction on Tuesday, June 1. The stock was sold for an average price of $ 6.78, for a total value of $ 678,000.00. As a result of the sale, the insider now owns 21,195,331 shares of the company, valued at $ 143,704,344.18. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 221,134 shares of the company valued at $ 1,490,411. 0.19% of the shares are held by insiders.
A number of institutional investors have recently changed their holdings to OCSL. Rivernorth Capital Management LLC increased its stake in Oaktree Specialty Lending shares by 3.1% in the first quarter. Rivernorth Capital Management LLC now owns 6,079,328 shares of the credit service provider valued at $ 37,692,000 after purchasing an additional 180,993 shares during the period. Private Management Group Inc. increased its stake in Oaktree Specialty Lending shares by 36.0% in the first quarter. Private Management Group Inc. now owns 6,041,064 shares of the credit service provider valued at $ 37,455,000 after purchasing an additional 1,600,113 shares during the period. Bruni JV & Co. Co. increased its stake in Oaktree Specialty Lending shares by 3.4% in the first quarter. Bruni JV & Co. Co. now owns 4,657,350 shares of the credit service provider valued at $ 28,876,000 after purchasing an additional 154,502 shares during the period. Ares Management LLC increased its stake in Oaktree Specialty Lending shares by 108.3% in the first quarter. Ares Management LLC now owns 4,095,814 shares of the credit service provider valued at $ 25,394,000 after purchasing an additional 2,129,926 shares during the period. Finally, Kennedy Capital Management Inc. increased its stake in Oaktree Specialty Lending shares by 25.6% in the first quarter. Kennedy Capital Management Inc. now owns 3,645,943 shares of the credit service provider valued at $ 22,605,000 after purchasing an additional 742,711 shares during the period. Institutional investors and hedge funds hold 48.16% of the company’s shares.
About Oaktree Specialty Loans
Oaktree Specialty Lending Corporation is a business development company specializing in mid-market investments, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, acquisitions sponsored by sponsors and management buyouts in small and medium enterprises. large companies.
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