In a report released today, Ryan Lynch from KBW upgraded Oaktree Specialty Lending Corporation (NASDAQ: OCSL) to Buy. The company’s shares closed yesterday at $4.98.
According to TipRanks.com, Lynch is a 3-star analyst with an average return of 5.3% and a 65.0% success rate. Lynch covers the Financial sector, focusing on stocks such as Pennantpark Investment Corp, TriplePoint Venture Growth, and FS Investment Corporation.
Oaktree Specialty Lending Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $5.25.
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Based on Oaktree Specialty Lending Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $24.25 million. In comparison, last year the company had a GAAP net loss of $6.06 million.
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is negative on the stock.
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Oaktree Specialty Lending Corp. is a specialty finance company, which engages in the provision of customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. Its portfolio include first lien, second lien, kemper jv, and equity.
