Oaktree Specialty Lending Co. (NASDAQ:OCSL) Receives Average Recommendation of “Hold” from Analysts

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have been assigned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $18.00.

OCSL has been the subject of several recent research reports. Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a report on Monday, July 29th. B. Riley lowered their price target on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Wells Fargo & Company cut their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, StockNews.com cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of large investors have recently bought and sold shares of the company. Cornerstone Wealth Management LLC boosted its holdings in Oaktree Specialty Lending by 4.8% during the third quarter. Cornerstone Wealth Management LLC now owns 15,852 shares of the credit services provider’s stock worth $259,000 after purchasing an additional 730 shares during the last quarter. Integrated Advisors Network LLC lifted its position in Oaktree Specialty Lending by 3.8% during the 3rd quarter. Integrated Advisors Network LLC now owns 22,826 shares of the credit services provider’s stock worth $372,000 after buying an additional 826 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in shares of Oaktree Specialty Lending by 5.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 18,930 shares of the credit services provider’s stock worth $309,000 after buying an additional 998 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Oaktree Specialty Lending by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 28,838 shares of the credit services provider’s stock valued at $464,000 after acquiring an additional 1,030 shares in the last quarter. Finally, ProShare Advisors LLC increased its position in shares of Oaktree Specialty Lending by 11.2% in the second quarter. ProShare Advisors LLC now owns 11,893 shares of the credit services provider’s stock valued at $224,000 after acquiring an additional 1,194 shares during the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

OCSL stock opened at $16.07 on Friday. The company has a 50 day moving average price of $16.31 and a 200 day moving average price of $17.69. Oaktree Specialty Lending has a fifty-two week low of $15.55 and a fifty-two week high of $21.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $1.32 billion, a PE ratio of 18.47 and a beta of 1.09.

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.