Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by equities researchers at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, August 21st, Marketbeat Ratings reports.

A number of other equities analysts also recently commented on the company. National Securities reiterated a “neutral” rating and set a $5.00 price objective on shares of Oaktree Specialty Lending in a research report on Monday, August 13th. Zacks Investment Research upgraded Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Saturday, August 11th. JPMorgan Chase & Co. lifted their target price on Oaktree Specialty Lending from $5.00 to $5.50 and gave the company an “overweight” rating in a research report on Friday, August 10th. BMO Capital Markets lifted their target price on Oaktree Specialty Lending from $4.00 to $5.00 and gave the company a “market perform” rating in a research report on Friday, August 10th. Finally, JMP Securities restated a “buy” rating and issued a $5.50 target price on shares of Oaktree Specialty Lending in a research report on Tuesday, July 31st. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Oaktree Specialty Lending currently has an average rating of “Buy” and a consensus target price of $5.42.

Oaktree Specialty Lending stock traded up $0.01 during trading on Tuesday, reaching $5.02. 237,097 shares of the company were exchanged, compared to its average volume of 432,023. Oaktree Specialty Lending has a 52-week low of $4.17 and a 52-week high of $5.91. The company has a market cap of $711.85 million, a price-to-earnings ratio of 13.29, a PEG ratio of 6.11 and a beta of 0.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.26 and a current ratio of 0.26.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Wednesday, August 8th. The credit services provider reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. Oaktree Specialty Lending had a positive return on equity of 6.50% and a negative net margin of 82.24%. The firm had revenue of $31.85 million for the quarter, compared to the consensus estimate of $32.43 million. analysts predict that Oaktree Specialty Lending will post 0.41 EPS for the current fiscal year.

In related news, major shareholder Leonard M. Tannenbaum sold 103,062 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $5.05, for a total value of $520,463.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Leonard M. Tannenbaum sold 54,176 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $5.06, for a total value of $274,130.56. The disclosure for this sale can be found here. Insiders sold 346,138 shares of company stock worth $1,739,094 in the last 90 days. Company insiders own 0.10% of the company’s stock.

Several hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its holdings in shares of Oaktree Specialty Lending by 91.7% in the 1st quarter. Jane Street Group LLC now owns 25,299 shares of the credit services provider’s stock valued at $107,000 after buying an additional 12,103 shares during the period. DnB Asset Management AS grew its stake in Oaktree Specialty Lending by 10.2% during the 2nd quarter. DnB Asset Management AS now owns 143,500 shares of the credit services provider’s stock worth $686,000 after purchasing an additional 13,300 shares in the last quarter. Lido Advisors LLC grew its stake in Oaktree Specialty Lending by 17.2% during the 2nd quarter. Lido Advisors LLC now owns 92,729 shares of the credit services provider’s stock worth $443,000 after purchasing an additional 13,577 shares in the last quarter. Monarch Partners Asset Management LLC grew its stake in Oaktree Specialty Lending by 13.3% during the 2nd quarter. Monarch Partners Asset Management LLC now owns 123,740 shares of the credit services provider’s stock worth $591,000 after purchasing an additional 14,520 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Oaktree Specialty Lending by 3.7% during the 2nd quarter. Legal & General Group Plc now owns 539,617 shares of the credit services provider’s stock worth $2,582,000 after purchasing an additional 19,020 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.

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Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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