Oaktree Specialty Lending (NASDAQ:OCSL) Upgraded to Hold at StockNews.com

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research report issued on Wednesday.

A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday, November 20th. Citizens Jmp lowered Oaktree Specialty Lending from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 19th. Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a report on Tuesday, October 29th. Finally, JMP Securities lowered Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $16.75.

Oaktree Specialty Lending Stock Down 1.6 %

Shares of OCSL stock traded down $0.24 during mid-day trading on Wednesday, hitting $15.09. The company's stock had a trading volume of 1,633,681 shares, compared to its average volume of 677,180. Oaktree Specialty Lending has a 52-week low of $15.04 and a 52-week high of $21.64. The business has a 50-day moving average price of $16.11 and a 200 day moving average price of $17.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 20.96 and a beta of 1.07.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC purchased a new stake in Oaktree Specialty Lending during the third quarter valued at approximately $6,598,000. Barclays PLC raised its holdings in shares of Oaktree Specialty Lending by 2.1% in the third quarter. Barclays PLC now owns 105,766 shares of the credit services provider's stock worth $1,725,000 after buying an additional 2,140 shares during the period. Adalta Capital Management LLC raised its holdings in shares of Oaktree Specialty Lending by 12.0% in the third quarter. Adalta Capital Management LLC now owns 45,105 shares of the credit services provider's stock worth $736,000 after buying an additional 4,840 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Oaktree Specialty Lending in the third quarter worth approximately $508,000. Finally, MML Investors Services LLC purchased a new stake in shares of Oaktree Specialty Lending in the third quarter worth approximately $175,000. 36.79% of the stock is currently owned by hedge funds and other 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.