A number of other analysts have also weighed in on OCSL. JPMorgan Chase & Co. restated a "neutral" rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday. Wells Fargo & Company reduced their price target on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. JMP Securities lowered shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a research note on Tuesday. B. Riley reduced their price target on shares of Oaktree Specialty Lending from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating for the company in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $16.75.
Read Our Latest Analysis on Oaktree Specialty Lending
Shares of NASDAQ OCSL opened at $15.85 on Tuesday. The stock has a market cap of $1.30 billion, a P/E ratio of 22.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.19 and a quick ratio of 0.17. Oaktree Specialty Lending has a 1 year low of $15.40 and a 1 year high of $21.64. The firm has a 50-day moving average of $16.15 and a 200 day moving average of $17.45.
Large investors have recently added to or reduced their stakes in the company. PFS Partners LLC lifted its holdings in Oaktree Specialty Lending by 601.4% during the third 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 position in Oaktree Specialty Lending during the second quarter valued at approximately $42,000. Brown Brothers Harriman & Co. purchased a new position in Oaktree Specialty Lending during the second quarter valued at approximately $56,000. Sunbelt Securities Inc. lifted its holdings in Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider's stock valued at $127,000 after purchasing an additional 1,820 shares in the last quarter. Finally, Bfsg LLC lifted its holdings in shares of Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider's stock worth $135,000 after buying an additional 5,576 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.
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.
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