Oaktree Specialty Lending (NASDAQ: OCSL) enhanced at Zacks Investment Research


Oaktree Specialty Loans (NASDAQ: OCSL) has been improved by Zacks investment research from a “keep” note to a “buy” note in a report published on Thursday, Zacks.com reports. The brokerage currently has a target price of $ 8.25 on shares of the credit services provider. Zacks investment researchThe company’s target price indicates a potential rise of 13.01% from the company’s current price.

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

A number of other research firms have also recently commented on OCSL. JMP Securities raised its price target for Oaktree Specialty Lending shares from $ 8.00 to $ 8.50 and gave the company a rating of “outperforming the market” in a research note on Wednesday, November 17. TheStreet upgraded Oaktree Specialty Lending shares from a “c +” rating to a “b” rating in a research note on Wednesday, August 4. Four investment analysts rated the stock with a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $ 7.88.

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Actions of OCSL actions open at $ 7.30 Thursday. Oaktree Specialty Lending has a one-year low of $ 5.44 and a one-year high of $ 7.62. The company has a leverage ratio of 0.49, a rapid ratio of 0.21, and a current ratio of 0.21. The company has a 50-day moving average price of $ 7.33 and a 200-day moving average price of $ 7.07. The company has a market cap of $ 1.32 billion, a price / earnings ratio of 4.01, a price / earnings / growth ratio of 0.99, and a beta of 1.40.

Oaktree Specialty Lending (NASDAQ: OCSL) last released its quarterly earnings data on Tuesday, November 16. The credit services provider reported earnings per share (EPS) of $ 0.16 for the quarter, beating the consensus estimate of $ 0.15 by $ 0.01. Oaktree Specialty Lending had a net margin of 143.41% and a return on equity of 8.87%. During the same period last year, the company made a profit of $ 0.17 per share. As a group, equity analysts predict Oaktree Specialty Lending will post 0.62 EPS for the current fiscal year.

Meanwhile, main shareholder Leonard M. Tannenbaum sold 17,330 shares of Oaktree Specialty Lending in a transaction dated Tuesday, November 16. The shares were sold for an average price of $ 7.45, for a total value of $ 129,108.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, majority shareholder Leonard M. Tannenbaum sold 100,000 shares of the company in a transaction dated Monday, November 8. The shares were sold at an average price of $ 7.51, for a total trade of $ 751,000.00. Disclosure of this sale can be found here. During the last quarter, insiders sold 4,379,871 shares of the company valued at $ 31,163,419. 0.19% of the shares are currently owned by insiders.

Several institutional investors and hedge funds have recently changed their positions in the company. River Road Asset Management LLC increased its stake in Oaktree Specialty Lending shares by 6.6% in the second quarter. River Road Asset Management LLC now owns 6,829,437 shares of the credit service provider valued at $ 45,689,000 after purchasing an additional 420,200 shares in the last quarter. Ares Management LLC increased its stake in Oaktree Specialty Lending shares by 12.1% in the 3rd quarter. Ares Management LLC now owns 5,096,419 shares of the credit service provider valued at $ 35,981,000 after purchasing an additional 549,497 shares in the last quarter. Oaktree Capital Management LP increased its stake in Oaktree Specialty Lending shares by 1,526.9% in the third quarter. Oaktree Capital Management LP now owns 4,490,368 shares of the credit service provider valued at $ 31,701,000 after purchasing an additional 4,214,368 shares in the last quarter. LSV Asset Management increased its stake in Oaktree Specialty Lending shares by 5.5% in the 2nd quarter. LSV Asset Management now owns 3,070,180 shares of the credit service provider valued at $ 20,539,000 after purchasing an additional 161,100 shares in the last quarter. Finally, Partners Group Holding AG increased its stake in Oaktree Specialty Lending shares by 187.3% in the 2nd quarter. Partners Group Holding AG now owns 2,602,100 shares of the credit service provider worth $ 17,408,000 after purchasing an additional 1,696,241 shares in the last quarter. 68.71% of the shares are currently held by institutional investors.

Oaktree Specialty Loan Company Profile

Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to growing private, small and medium-sized businesses. While fostering growth is our primary mission, a singular goal guides all of our partnering activities for success.

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