Oaktree Specialty Lending (NASDAQ:OCSL) Cut to Sell at StockNews.com

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

OCSL has been the topic of several other reports. Wells Fargo & Company reduced their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. JMP Securities downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a report on Wednesday, November 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. Finally, Oppenheimer restated a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Trading Up 1.8 %

OCSL traded up $0.28 during trading on Thursday, hitting $16.28. 678,845 shares of the stock were exchanged, compared to its average volume of 664,760. The firm has a 50 day simple moving average of $16.15 and a 200 day simple moving average of $17.37. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 22.61 and a beta of 1.09. Oaktree Specialty Lending has a 1 year low of $15.40 and a 1 year high of $21.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19.

Institutional Trading of Oaktree Specialty Lending

Institutional investors have recently made changes to their positions in the business. Barclays PLC boosted its position in shares of Oaktree Specialty Lending by 2.1% in the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider’s stock worth $1,725,000 after purchasing an additional 2,140 shares in the last quarter. Adalta Capital Management LLC boosted its position in shares of Oaktree Specialty Lending by 12.0% in the 3rd quarter. Adalta Capital Management LLC now owns 45,105 shares of the credit services provider’s stock worth $736,000 after purchasing an additional 4,840 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth $508,000. MML Investors Services LLC acquired a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth $175,000. Finally, Kovitz Investment Group Partners LLC acquired a new stake in shares of Oaktree Specialty Lending in the 3rd quarter worth $2,849,000. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Company Profile

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.