Oaktree Specialty Lending (NASDAQ:OCSL) PT Raised to $22.00

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) had its target price lifted by analysts at Wells Fargo & Company from $20.00 to $22.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the credit services provider’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 2.42% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. B. Riley cut shares of Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Monday, January 8th. StockNews.com assumed coverage on shares of Oaktree Specialty Lending in a research report on Thursday, October 5th. They issued a “hold” rating for the company. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.50.

View Our Latest Analysis on OCSL

Oaktree Specialty Lending Price Performance

OCSL stock opened at $21.48 on Monday. The company has a 50 day simple moving average of $20.64 and a 200 day simple moving average of $20.09. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 13.51 and a beta of 1.12. Oaktree Specialty Lending has a 1 year low of $17.70 and a 1 year high of $21.64. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.33 and a quick ratio of 0.33.

Oaktree Specialty Lending (NASDAQ:OCSLGet Free Report) last announced its quarterly earnings results on Tuesday, November 14th. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01). Oaktree Specialty Lending had a net margin of 31.70% and a return on equity of 12.39%. The business had revenue of $101.91 million during the quarter, compared to analyst estimates of $103.15 million. During the same quarter last year, the company posted $0.54 earnings per share. Research analysts anticipate that Oaktree Specialty Lending will post 2.45 EPS for the current fiscal year.

Institutional Investors Weigh In On Oaktree Specialty Lending

Large investors have recently modified their holdings of the company. GraniteShares Advisors LLC boosted its stake in Oaktree Specialty Lending by 0.7% during the fourth quarter. GraniteShares Advisors LLC now owns 71,772 shares of the credit services provider’s stock worth $1,466,000 after acquiring an additional 532 shares in the last quarter. Carnegie Capital Asset Management LLC boosted its stake in Oaktree Specialty Lending by 2.6% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 222,888 shares of the credit services provider’s stock worth $4,551,000 after acquiring an additional 5,608 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Oaktree Specialty Lending by 8.2% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 230,790 shares of the credit services provider’s stock worth $4,713,000 after acquiring an additional 17,538 shares in the last quarter. Aire Advisors LLC bought a new position in Oaktree Specialty Lending during the fourth quarter worth $235,000. Finally, MRP Capital Investments LLC boosted its stake in Oaktree Specialty Lending by 3.2% during the fourth quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock worth $403,000 after acquiring an additional 616 shares in the last quarter. 39.25% of the stock is currently owned by institutional investors and hedge funds.

About Oaktree Specialty Lending

(Get Free Report)

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

Recommended Stories

Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

Receive News & Ratings for Oaktree Specialty Lending Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Specialty Lending and related companies with MarketBeat.com's FREE daily email newsletter.