Oaktree Specialty Lending (NASDAQ:OCSL) Raised to Hold at StockNews.com

Oaktree Specialty Lending (NASDAQ:OCSL) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

OCSL has been the subject of several other research reports. Wells Fargo & Company reduced their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Citizens Jmp cut Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock opened at $15.18 on Wednesday. The business has a 50 day simple moving average of $16.09 and a 200-day simple moving average of $17.02. Oaktree Specialty Lending has a 12 month low of $15.04 and a 12 month high of $21.64. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market capitalization of $1.25 billion, a PE ratio of 21.08 and a beta of 1.07.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of large investors have recently added to or reduced their stakes in OCSL. PFS Partners LLC lifted its holdings in shares of Oaktree Specialty Lending by 601.4% in the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after purchasing an additional 1,660 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Oaktree Specialty Lending in the 2nd quarter valued at approximately $56,000. Sunbelt Securities Inc. grew its holdings in Oaktree Specialty Lending by 37.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after buying an additional 1,820 shares during the last quarter. Bfsg LLC increased its position in Oaktree Specialty Lending by 208.1% during the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after buying an additional 5,576 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Oaktree Specialty Lending during the third quarter worth $175,000. 36.79% of the stock is owned by institutional investors and hedge funds.

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.