Oaktree Specialty Lending (NASDAQ:OCSL) Price Target Cut to $15.00 by Analysts at Keefe, Bruyette & Woods

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) had its target price dropped by stock analysts at Keefe, Bruyette & Woods from $16.50 to $15.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the credit services provider's stock. Keefe, Bruyette & Woods' price target would suggest a potential upside of 10.54% from the stock's previous close.

A number of other brokerages have also weighed in on OCSL. StockNews.com raised Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research report on Wednesday, December 18th. B. Riley lowered shares of Oaktree Specialty Lending from a "neutral" rating to a "sell" rating and set a $15.00 target price for the company. in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $16.42.

Oaktree Specialty Lending Stock Up 0.1 %

Shares of NASDAQ:OCSL traded up $0.02 on Tuesday, hitting $13.57. 1,037,874 shares of the company traded hands, compared to its average volume of 739,206. The company has a market cap of $1.12 billion, a PE ratio of 20.25 and a beta of 0.84. The stock has a 50 day simple moving average of $15.39 and a 200-day simple moving average of $15.71. Oaktree Specialty Lending has a 52 week low of $12.50 and a 52 week high of $19.95. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share for the quarter, hitting analysts' consensus estimates of $0.54. Oaktree Specialty Lending had a net margin of 14.75% and a return on equity of 12.07%. The company had revenue of $86.65 million during the quarter, compared to analyst estimates of $91.93 million. During the same period in the previous year, the business earned $0.57 EPS. The firm's revenue for the quarter was down 11.6% on a year-over-year basis. As a group, research analysts expect that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OCSL. Kovitz Investment Group Partners LLC purchased a new position in Oaktree Specialty Lending during the third quarter valued at approximately $2,849,000. Barclays PLC lifted its stake in shares of Oaktree Specialty Lending by 2.1% during the 3rd quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock valued at $1,725,000 after buying an additional 2,140 shares in the last quarter. Stifel Financial Corp increased its stake in Oaktree Specialty Lending by 21.2% in the 3rd quarter. Stifel Financial Corp now owns 54,278 shares of the credit services provider's stock worth $885,000 after buying an additional 9,495 shares in the last quarter. Rivernorth Capital Management LLC bought a new stake in Oaktree Specialty Lending during the third quarter valued at about $6,598,000. Finally, MML Investors Services LLC purchased a new position in shares of Oaktree Specialty Lending in the third quarter valued at about $175,000. 36.79% of the stock is currently owned by institutional investors.

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.