Oaktree Specialty Lending (NASDAQ:OCSL) Rating Lowered to "Sell" at StockNews.com

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday.

A number of other research firms also recently issued reports on OCSL. B. Riley cut their target price on shares of Oaktree Specialty Lending from $17.00 to $15.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. JPMorgan Chase & Co. restated a "neutral" rating and issued a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. JMP Securities cut shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday, November 19th. Wells Fargo & Company dropped their target price on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods cut their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, Oaktree Specialty Lending presently has a consensus rating of "Hold" and a consensus price target of $16.75.

Oaktree Specialty Lending Trading Down 0.2 %

Shares of OCSL traded down $0.04 during trading hours on Tuesday, hitting $16.33. 724,539 shares of the stock traded hands, compared to its average volume of 662,353. The business has a fifty day moving average of $16.19 and a 200-day moving average of $17.19. The firm has a market capitalization of $1.34 billion, a PE ratio of 22.74 and a beta of 1.07. Oaktree Specialty Lending has a 1-year low of $15.40 and a 1-year high of $21.64. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62.

Institutional Trading of Oaktree Specialty Lending

A number of large investors have recently made changes to their positions in OCSL. Van ECK Associates Corp grew its stake in Oaktree Specialty Lending by 7.3% in the third quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider's stock valued at $32,567,000 after acquiring an additional 137,508 shares during the period. Bruni J V & Co. Co. lifted its holdings in shares of 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 purchasing an additional 19,790 shares in the last quarter. Private Management Group Inc. grew its position in shares of Oaktree Specialty Lending by 91.5% in the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider's stock valued at $22,958,000 after purchasing an additional 672,561 shares during the period. Pinnacle Associates Ltd. increased its stake in Oaktree Specialty Lending by 7.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider's stock worth $9,515,000 after purchasing an additional 40,641 shares in the last quarter. Finally, TMD Wealth Management LLC increased its stake in Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider's stock worth $10,679,000 after purchasing an additional 78,404 shares in the last quarter. Institutional investors own 36.79% of the company's stock.

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.