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

Shares of Oaktree Specialty Lending Co. (NASDAQ:OCSL) have earned an average rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $18.00.

Several analysts recently commented on OCSL shares. Oppenheimer lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. JMP Securities cut their price target on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set a “market outperform” rating for the company in a report on Tuesday, July 30th. B. Riley decreased their price objective on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research note on Monday, July 29th.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of hedge funds have recently modified their holdings of OCSL. Bruni J V & Co. Co. grew its stake in Oaktree Specialty Lending by 1.3% during the 3rd quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock valued at $24,975,000 after acquiring an additional 19,790 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of Oaktree Specialty Lending by 6.6% in the third quarter. Muzinich & Co. Inc. now owns 209,678 shares of the credit services provider’s stock valued at $3,420,000 after purchasing an additional 12,948 shares during the last quarter. MQS Management LLC purchased a new position in Oaktree Specialty Lending during the third quarter worth approximately $429,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Oaktree Specialty Lending by 7.4% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 200,670 shares of the credit services provider’s stock valued at $3,273,000 after buying an additional 13,883 shares in the last quarter. Finally, Entropy Technologies LP increased its stake in shares of Oaktree Specialty Lending by 127.8% in the 3rd quarter. Entropy Technologies LP now owns 33,501 shares of the credit services provider’s stock worth $546,000 after acquiring an additional 18,792 shares during the last quarter. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Trading Down 0.1 %

Oaktree Specialty Lending stock opened at $15.95 on Friday. 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 has a market cap of $1.31 billion, a PE ratio of 18.33 and a beta of 1.09. The stock’s 50 day simple moving average is $16.33 and its two-hundred day simple moving average is $17.72. Oaktree Specialty Lending has a 12 month low of $15.55 and a 12 month high of $21.64.

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.