JMP Securities Downgrades Oaktree Specialty Lending (NASDAQ:OCSL) to Market Perform

JMP Securities downgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from an outperform rating to a market perform rating in a research report released on Tuesday morning, Marketbeat Ratings reports.

A number of other analysts have also recently issued reports on OCSL. JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. Wells Fargo & Company dropped their price target on 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. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Oppenheimer cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $20.00 to $18.00 in a report on Friday, August 2nd. Finally, B. Riley dropped their price target on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.00.

Oaktree Specialty Lending Stock Performance

OCSL opened at $15.61 on Tuesday. Oaktree Specialty Lending has a 12-month low of $15.40 and a 12-month high of $21.64. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 17.94 and a beta of 1.09. The business has a 50 day moving average of $16.19 and a 200-day moving average of $17.50. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of hedge funds have recently added to or reduced their stakes in the stock. PFS Partners LLC increased its stake in shares of Oaktree Specialty Lending by 601.4% in the 3rd 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 during the last quarter. Security National Bank bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at $42,000. Brown Brothers Harriman & Co. bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at $56,000. Sunbelt Securities Inc. increased its stake in shares of Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after purchasing an additional 1,820 shares during the last quarter. Finally, Bfsg LLC increased its stake in shares of Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after purchasing an additional 5,576 shares during the last quarter. Institutional investors 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.