Shares of Oaktree Specialty Lending Corporation (NASDAQ:OCSL) traded today at $7.04, eclipsing its 52-week high. This new high was reached on below average trading volume as 169,000 shares traded hands, while the average 30-day volume is approximately 624,000 shares.
Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company’s investment objective is to maximize its portfolio’s total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.
Over the past year, Oaktree Specialty Lending Corporation has traded in a range of $4.52 to $7.04 and is now at $7.03, 56% above that low.
Based on a current price of $7.03, Oaktree Specialty Lending Corporation is currently 88.8% above its average consensus analyst price target of $0.78.
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