Oaktree Specialty Lending (NASDAQ:OCSL) Sets New 52-Week Low - Time to Sell?

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $15.40 and last traded at $15.52, with a volume of 270524 shares traded. The stock had previously closed at $16.15.

Wall Street Analyst Weigh In

OCSL has been the topic of a number of recent research reports. JMP Securities downgraded shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research report on Tuesday. Wells Fargo & Company reduced their target price 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. B. Riley reduced their target price on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an "overweight" rating on the stock in a research report on Monday, July 29th. Finally, Oppenheimer cut shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Oaktree Specialty Lending has an average rating of "Hold" and an average price target of $18.00.

Oaktree Specialty Lending Trading Down 3.3 %

The company has a market cap of $1.28 billion, a P/E ratio of 17.94 and a beta of 1.09. The stock's 50 day moving average is $16.19 and its 200-day moving average is $17.50. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its stake in 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 acquiring an additional 2,140 shares during the period. Adalta Capital Management LLC lifted its stake in Oaktree Specialty Lending by 12.0% during the 3rd quarter. Adalta Capital Management LLC now owns 45,105 shares of the credit services provider's stock valued at $736,000 after acquiring an additional 4,840 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Oaktree Specialty Lending during the 3rd quarter valued at about $508,000. MML Investors Services LLC bought a new position in Oaktree Specialty Lending during the 3rd quarter valued at about $175,000. Finally, Kovitz Investment Group Partners LLC bought a new position in Oaktree Specialty Lending during the 3rd quarter valued at about $2,849,000. Institutional investors own 36.79% of the company's stock.

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.