Oaktree Specialty Lending’s (OCSL) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Oaktree Specialty Lending (NASDAQ:OCSL) in a research report sent to investors on Wednesday, MarketBeat.com reports. The brokerage currently has a $15.00 target price on the credit services provider’s stock, down from their previous target price of $17.00.

OCSL has been the topic of several other research reports. Wells Fargo & Company dropped their target price 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. B. Riley dropped their price objective on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $20.00 to $18.00 in a report on Friday, August 2nd. JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, StockNews.com lowered Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Oaktree Specialty Lending presently has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $15.85 on Wednesday. The firm has a market capitalization of $1.30 billion, a PE ratio of 22.01 and a beta of 1.09. The business’s fifty day moving average price is $16.15 and its 200 day moving average price is $17.45. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. Oaktree Specialty Lending has a 12 month low of $15.40 and a 12 month high of $21.64.

Oaktree Specialty Lending Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.88%. The ex-dividend date is Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio is currently 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PFS Partners LLC grew its holdings in shares of Oaktree Specialty Lending by 601.4% during the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock worth $32,000 after buying an additional 1,660 shares during the last quarter. Security National Bank acquired a new stake in Oaktree Specialty Lending in the second quarter valued at about $42,000. Brown Brothers Harriman & Co. acquired a new stake in Oaktree Specialty Lending in the second quarter valued at about $56,000. Sunbelt Securities Inc. lifted its position in Oaktree Specialty Lending by 37.0% in the second 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 period. Finally, Bfsg LLC lifted its position in Oaktree Specialty Lending by 208.1% in the third 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 period. Hedge funds and other 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.