Janney Montgomery Scott started coverage on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a research report released on Monday, BenzingaRatingsTable reports. The firm issued a neutral rating on the credit services provider’s stock.

Several other research analysts have also recently weighed in on OCSL. Zacks Investment Research cut shares of Hess Midstream Partners from a hold rating to a sell rating in a research report on Tuesday, May 14th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a sell rating to a hold rating in a research report on Monday, April 1st. Finally, National Securities restated a sell rating and issued a $4.00 price objective on shares of Prospect Capital in a research report on Monday, May 13th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Oaktree Specialty Lending currently has a consensus rating of Buy and an average price target of $5.88.

OCSL stock opened at $5.27 on Monday. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.18. The stock has a 50 day moving average of $5.38. Oaktree Specialty Lending has a fifty-two week low of $4.08 and a fifty-two week high of $5.75. The company has a market cap of $744.27 million, a PE ratio of 12.26, a PEG ratio of 5.39 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Wednesday, May 8th. The credit services provider reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Oaktree Specialty Lending had a net margin of 102.18% and a return on equity of 7.62%. The firm had revenue of $38.24 million during the quarter, compared to analysts’ expectations of $36.90 million. On average, equities research analysts anticipate that Oaktree Specialty Lending will post 0.49 earnings per share for the current year.

In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 364,900 shares of the company’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $5.45, for a total transaction of $1,988,705.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 149,700 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $5.48, for a total transaction of $820,356.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 7,000 shares of company stock valued at $38,200 and have sold 1,425,312 shares valued at $7,823,919. Insiders own 0.16% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Great West Life Assurance Co. Can raised its position in shares of Oaktree Specialty Lending by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 35,355 shares of the credit services provider’s stock valued at $145,000 after acquiring an additional 4,159 shares during the last quarter. Bruni J V & Co. Co. grew its holdings in shares of Oaktree Specialty Lending by 1.1% in the 1st quarter. Bruni J V & Co. Co. now owns 4,000,165 shares of the credit services provider’s stock valued at $20,721,000 after buying an additional 41,989 shares during the period. Timber Hill LLC grew its holdings in shares of Oaktree Specialty Lending by 67.6% in the 1st quarter. Timber Hill LLC now owns 28,500 shares of the credit services provider’s stock valued at $148,000 after buying an additional 11,500 shares during the period. Triad Investment Management grew its holdings in shares of Oaktree Specialty Lending by 75.6% in the 1st quarter. Triad Investment Management now owns 479,311 shares of the credit services provider’s stock valued at $2,483,000 after buying an additional 206,426 shares during the period. Finally, Joseph P. Lucia & Associates LLC acquired a new position in shares of Oaktree Specialty Lending in the 1st quarter valued at $525,000. Institutional investors own 47.82% of the company’s stock.

About Oaktree Specialty Lending

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

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Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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