Oaktree Specialty Lending’s (OCSL) Hold Rating Reaffirmed at BMO Capital Markets

Oaktree Specialty Lending (NASDAQ:OCSL)‘s stock had its “hold” rating reaffirmed by equities research analysts at BMO Capital Markets in a note issued to investors on Monday. They currently have a $5.00 target price on the credit services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 2.88% from the company’s current price.

Several other analysts have also commented on OCSL. ValuEngine lowered shares of Oaktree Specialty Lending from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $6.00 price target on shares of Oaktree Specialty Lending in a research report on Monday, October 16th. BidaskClub upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $6.50 price target on the stock in a research report on Tuesday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Oaktree Specialty Lending from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.75.

Oaktree Specialty Lending (NASDAQ:OCSL) traded down $0.05 during mid-day trading on Monday, hitting $4.86. 744,007 shares of the stock traded hands, compared to its average volume of 1,400,000. The firm has a market capitalization of $685.07, a price-to-earnings ratio of -3.50, a PEG ratio of 5.89 and a beta of 0.06. Oaktree Specialty Lending has a twelve month low of $3.90 and a twelve month high of $5.91. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.48.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Wednesday, November 29th. The credit services provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.05). The business had revenue of $35.73 million during the quarter. Oaktree Specialty Lending had a negative net margin of 110.68% and a positive return on equity of 7.40%. sell-side analysts expect that Oaktree Specialty Lending will post 0.42 EPS for the current year.

In other news, Director John Frank bought 28,784 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $4.74 per share, for a total transaction of $136,436.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the firm’s stock in a transaction that occurred on Thursday, October 19th. The stock was sold at an average price of $5.56, for a total transaction of $7,837,409.36. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 362,534 shares of company stock worth $1,734,287. 0.14% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Oaktree Specialty Lending stock. Confluence Investment Management LLC bought a new position in shares of Oaktree Specialty Lending Corp (NASDAQ:OCSL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 310,827 shares of the credit services provider’s stock, valued at approximately $1,520,000. Confluence Investment Management LLC owned about 0.22% of Oaktree Specialty Lending as of its most recent filing with the Securities and Exchange Commission (SEC). 35.06% of the stock is currently owned by institutional investors.

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Oaktree Specialty Lending Company Profile

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.

Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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