Oaktree Specialty Lending (NASDAQ:OCSL) Cut to Sell at StockNews.com

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other research firms have also weighed in on OCSL. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $15.00 price objective (down previously from $17.00) on shares of Oaktree Specialty Lending in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods dropped their price target on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, November 20th. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Wells Fargo & Company dropped their price target on 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. Finally, JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL traded up $0.28 during mid-day trading on Thursday, reaching $16.28. The company’s stock had a trading volume of 678,845 shares, compared to its average volume of 664,760. The firm has a market capitalization of $1.34 billion, a PE ratio of 22.61 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 0.19. The stock has a fifty day moving average of $16.15 and a two-hundred day moving average of $17.37. Oaktree Specialty Lending has a 52 week low of $15.40 and a 52 week high of $21.64.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several institutional investors have recently modified their holdings of OCSL. Cetera Advisors LLC lifted its stake in shares of Oaktree Specialty Lending by 286.4% in the 1st quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock valued at $988,000 after purchasing an additional 37,242 shares during the last quarter. Confluence Investment Management LLC raised its holdings in shares of Oaktree Specialty Lending by 220.5% in the second quarter. Confluence Investment Management LLC now owns 120,283 shares of the credit services provider’s stock worth $2,263,000 after buying an additional 82,751 shares during the period. DNB Asset Management AS raised its holdings in shares of Oaktree Specialty Lending by 7.6% in the second quarter. DNB Asset Management AS now owns 117,107 shares of the credit services provider’s stock worth $2,203,000 after buying an additional 8,287 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of Oaktree Specialty Lending by 273.4% in the second quarter. Harbor Capital Advisors Inc. now owns 164,649 shares of the credit services provider’s stock worth $3,097,000 after buying an additional 120,553 shares during the period. Finally, Register Financial Advisors LLC raised its holdings in shares of Oaktree Specialty Lending by 23.6% in the second quarter. Register Financial Advisors LLC now owns 13,283 shares of the credit services provider’s stock worth $250,000 after buying an additional 2,540 shares during the period. 36.79% of the stock is owned by 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.