JPMorgan Chase & Co. Reiterates Neutral Rating for Oaktree Specialty Lending (NASDAQ:OCSL)

Oaktree Specialty Lending (NASDAQ:OCSL)‘s stock had its “neutral” rating reiterated by equities researchers at JPMorgan Chase & Co. in a report released on Wednesday, MarketBeat reports. They presently have a $15.00 target price on the credit services provider’s stock, down from their prior target price of $17.00. JPMorgan Chase & Co.‘s price target indicates a potential downside of 3.60% from the company’s current price.

OCSL has been the topic of several other reports. Oppenheimer downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their target price for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. B. Riley cut their price target 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. Wells Fargo & Company decreased their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, JMP Securities lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

OCSL stock opened at $15.56 on Wednesday. Oaktree Specialty Lending has a one year low of $15.40 and a one year high of $21.64. The firm has a 50-day simple moving average of $16.16 and a two-hundred day simple moving average of $17.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 21.61 and a beta of 1.09.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently modified their holdings of OCSL. PFS Partners LLC increased its position 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 purchasing an additional 1,660 shares in the last quarter. Security National Bank acquired a new position in Oaktree Specialty Lending during the second quarter worth approximately $42,000. Brown Brothers Harriman & Co. purchased a new stake in Oaktree Specialty Lending in the second quarter valued at approximately $56,000. Sunbelt Securities Inc. boosted its holdings in shares of 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 acquiring an additional 1,820 shares during the period. Finally, Bfsg LLC grew its position in shares of Oaktree Specialty Lending by 208.1% during the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after acquiring an additional 5,576 shares during the last quarter. 36.79% of the stock is currently 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.