Oaktree Specialty Lending (NASDAQ:OCSL) Given "Neutral" Rating at JPMorgan Chase & Co.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $15.00 price objective on the credit services provider's stock, down from their previous price objective of $17.00. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 4.34% from the company's current price.

OCSL has been the subject of several other reports. B. Riley cut their price objective on Oaktree Specialty Lending from $18.50 to $17.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. StockNews.com lowered shares of Oaktree Specialty Lending from a "hold" rating to a "sell" rating in a research note on Monday, August 5th. JMP Securities cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday. Oppenheimer cut Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and dropped their target price for the company from $20.00 to $18.00 in a report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their price target 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. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Oaktree Specialty Lending has a consensus rating of "Hold" and an average target price of $16.75.

Oaktree Specialty Lending Price Performance

Shares of Oaktree Specialty Lending stock traded up $0.07 on Wednesday, reaching $15.68. The company's stock had a trading volume of 996,095 shares, compared to its average volume of 662,219. Oaktree Specialty Lending has a 52-week low of $15.40 and a 52-week high of $21.64. The company has a market capitalization of $1.29 billion, a P/E ratio of 17.98 and a beta of 1.09. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $16.19 and a 200-day moving average price of $17.50.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several institutional investors and hedge funds have recently modified their holdings of OCSL. PFS Partners LLC raised its position in Oaktree Specialty Lending by 601.4% in the 3rd quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider's stock valued at $32,000 after purchasing an additional 1,660 shares in the last quarter. Security National Bank purchased a new stake in shares of Oaktree Specialty Lending during the second quarter worth approximately $42,000. Brown Brothers Harriman & Co. purchased a new position in Oaktree Specialty Lending in the second quarter worth approximately $56,000. Sunbelt Securities Inc. grew its holdings in Oaktree Specialty Lending by 37.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock worth $127,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Bfsg LLC increased its position in shares of Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock valued at $135,000 after purchasing an additional 5,576 shares during the last quarter. Hedge funds and other 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.