Oaktree Specialty Lending Corp (NASDAQ:OCSL) Given Consensus Rating of “Buy” by Analysts

Oaktree Specialty Lending Corp (NASDAQ:OCSL) has received a consensus rating of “Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $6.31.

A number of brokerages have weighed in on OCSL. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “hold” rating to a “strong-buy” rating and set a $6.00 target price for the company in a research report on Friday, November 1st. Janney Montgomery Scott started coverage on shares of Oaktree Specialty Lending in a research report on Monday, July 29th. They issued a “neutral” rating for the company. TheStreet upgraded shares of Oaktree Specialty Lending from a “c” rating to a “b” rating in a research report on Monday, August 12th. ValuEngine lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Finally, Jefferies Financial Group started coverage on shares of Oaktree Specialty Lending in a research report on Thursday, October 10th. They issued a “buy” rating and a $6.50 price objective for the company.

In other news, major shareholder Leonard M. Tannenbaum sold 45,402 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $5.26, for a total value of $238,814.52. Following the completion of the transaction, the insider now directly owns 15,166,858 shares in the company, valued at $79,777,673.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 22,725 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $5.26, for a total transaction of $119,533.50. 0.16% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its position in Oaktree Specialty Lending by 215.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,895 shares of the credit services provider’s stock valued at $563,000 after purchasing an additional 70,975 shares during the last quarter. Centaurus Financial Inc. lifted its position in Oaktree Specialty Lending by 25,016.3% during the second quarter. Centaurus Financial Inc. now owns 1,064,929 shares of the credit services provider’s stock valued at $5,772,000 after purchasing an additional 1,060,689 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Oaktree Specialty Lending by 28.5% during the third quarter. Envestnet Asset Management Inc. now owns 198,191 shares of the credit services provider’s stock valued at $1,027,000 after purchasing an additional 43,961 shares during the last quarter. Keeley Teton Advisors LLC lifted its position in Oaktree Specialty Lending by 326.9% during the second quarter. Keeley Teton Advisors LLC now owns 1,120,588 shares of the credit services provider’s stock valued at $6,074,000 after purchasing an additional 858,096 shares during the last quarter. Finally, Greenwich Investment Management Inc. lifted its position in Oaktree Specialty Lending by 10.8% during the second quarter. Greenwich Investment Management Inc. now owns 1,221,418 shares of the credit services provider’s stock valued at $6,620,000 after purchasing an additional 119,050 shares during the last quarter. Institutional investors and hedge funds own 50.65% of the company’s stock.

NASDAQ:OCSL traded up $0.05 on Thursday, reaching $5.30. 319,800 shares of the company’s stock were exchanged, compared to its average volume of 359,750. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.05 and a quick ratio of 0.05. The firm has a market cap of $740.04 million, a price-to-earnings ratio of 12.33, a P/E/G ratio of 5.20 and a beta of 0.51. Oaktree Specialty Lending has a 52 week low of $4.08 and a 52 week high of $5.75. The stock has a fifty day simple moving average of $5.17 and a 200-day simple moving average of $5.29.

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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