Oaktree Specialty Lending (NASDAQ:OCSL) Coverage Initiated by Analysts at Citizens Jmp

Equities researchers at Citizens Jmp started coverage on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a research note issued to investors on Monday, Briefing.com reports. The brokerage set a “market perform” rating on the credit services provider’s stock.

A number of other equities research analysts have also recently issued reports on OCSL. Citigroup started coverage on shares of Oaktree Specialty Lending in a report on Monday. They set a “market perform” rating for the company. Weiss Ratings downgraded Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. B. Riley Financial reiterated a “neutral” rating on shares of Oaktree Specialty Lending in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, September 26th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $11.83.

Oaktree Specialty Lending Price Performance

NASDAQ OCSL opened at $11.44 on Monday. Oaktree Specialty Lending has a 1 year low of $10.63 and a 1 year high of $14.31. The company has a fifty day simple moving average of $12.34 and a 200 day simple moving average of $12.19. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.68. The company has a market cap of $1.01 billion, a P/E ratio of 23.83 and a beta of 0.51.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its earnings results on Tuesday, August 4th. The credit services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $69.15 million for the quarter, compared to analyst estimates of $69.40 million. Oaktree Specialty Lending had a net margin of 14.45% and a return on equity of 9.70%. On average, sell-side analysts predict that Oaktree Specialty Lending will post 1.51 EPS for the current year.

Institutional Trading of Oaktree Specialty Lending

Institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Oaktree Specialty Lending by 118.3% in the first quarter. International Assets Investment Management LLC now owns 3,150 shares of the credit services provider’s stock valued at $35,000 after acquiring an additional 1,707 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in Oaktree Specialty Lending in the second quarter worth about $40,000. Allworth Financial LP acquired a new position in Oaktree Specialty Lending in the second quarter worth about $41,000. Fifth Third Bancorp acquired a new position in Oaktree Specialty Lending in the first quarter worth about $41,000. Finally, TrinityBridge Ltd bought a new position in Oaktree Specialty Lending during the second quarter worth about $88,000. 36.79% of the stock is currently owned by institutional investors and hedge funds.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a business development company that provides financing to middle-market companies. The company primarily invests in privately held businesses through senior secured loans, including first-lien and unitranche loans, and may also make subordinated debt and equity investments.

OCSL seeks to generate current income and, to a lesser extent, capital appreciation by partnering with companies across a range of industries. Its investments generally support acquisitions, recapitalizations, refinancings, growth initiatives and other corporate purposes.

The company is externally managed by Oaktree Capital Management, a global investment management firm.