Oaktree Specialty Lending (NASDAQ:OCSL) Rating Increased 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 note issued to investors on Wednesday.

Several other brokerages have also commented on OCSL. JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday. Wells Fargo & Company lowered their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $20.00 to $18.00 in a report on Friday, August 2nd. Finally, Keefe, Bruyette & Woods cut their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research report on Wednesday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Trading Down 0.8 %

NASDAQ OCSL opened at $15.56 on Wednesday. The company has a market capitalization of $1.28 billion, a PE ratio of 21.61 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 current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $16.16 and its 200-day simple moving average is $17.47.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors have recently added to or reduced their stakes in OCSL. Harbor Capital Advisors Inc. raised its stake in shares of Oaktree Specialty Lending by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 164,649 shares of the credit services provider’s stock valued at $3,097,000 after acquiring an additional 120,553 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of Oaktree Specialty Lending by 286.4% in the 1st quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock valued at $988,000 after purchasing an additional 37,242 shares during the last quarter. Confluence Investment Management LLC raised its stake in shares of Oaktree Specialty Lending by 220.5% during the second quarter. Confluence Investment Management LLC now owns 120,283 shares of the credit services provider’s stock worth $2,263,000 after buying an additional 82,751 shares during the last quarter. TMD Wealth Management LLC lifted its holdings in Oaktree Specialty Lending by 16.0% in the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after buying an additional 78,404 shares during the period. Finally, Private Management Group Inc. boosted its stake in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after acquiring an additional 672,561 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

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.