Oaktree Specialty Lending Corporation (NASDAQ:OCSL) traded at a new 52-week high today of $7.71. Approximately 219,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
Oaktree Specialty Lending Corporation (NASDAQ:OCSL) defies analysts with a current price ($7.67) 0.9% above its average consensus price target of $7.60.
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.
In the past 52 weeks, Oaktree Specialty Lending Corporation share prices are bracketed by a low of $5.47 and a high of $7.71 and is now at $7.67, 40% above that low price.
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