Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives $18.00 Consensus PT from Brokerages

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been given an average rating of “Hold” by the six research firms that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $18.00.

Several analysts have commented on the stock. Wells Fargo & Company lowered their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. B. Riley lowered their price objective on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Oppenheimer downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a research note on Friday, August 2nd. Finally, StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th.

Oaktree Specialty Lending Stock Up 0.4 %

Shares of NASDAQ:OCSL opened at $15.65 on Friday. The stock’s 50-day moving average price is $16.40 and its 200-day moving average price is $17.78. Oaktree Specialty Lending has a 12-month low of $15.55 and a 12-month high of $21.64. The stock has a market capitalization of $1.29 billion, a P/E ratio of 17.99 and a beta of 1.09. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Oaktree Specialty Lending in the 1st quarter worth $624,000. Significant Wealth Partners LLC lifted its stake in Oaktree Specialty Lending by 217.9% in the 1st quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider’s stock worth $4,012,000 after purchasing an additional 139,881 shares in the last quarter. Arnhold LLC lifted its stake in Oaktree Specialty Lending by 9.0% in the 1st quarter. Arnhold LLC now owns 36,406 shares of the credit services provider’s stock worth $716,000 after purchasing an additional 3,000 shares in the last quarter. ProShare Advisors LLC purchased a new stake in Oaktree Specialty Lending in the 1st quarter worth $210,000. Finally, Entropy Technologies LP lifted its stake in Oaktree Specialty Lending by 29.8% in the 1st quarter. Entropy Technologies LP now owns 35,427 shares of the credit services provider’s stock worth $696,000 after purchasing an additional 8,137 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

About Oaktree Specialty Lending

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.