Brokerages Set Oaktree Specialty Lending Co. (NASDAQ:OCSL) Target Price at $18.00

Oaktree Specialty Lending Co. (NASDAQ:OCSL) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $18.00.

A number of equities analysts recently commented on OCSL shares. Wells Fargo & Company reduced 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. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $20.00 to $18.00 in a report on Friday, August 2nd. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. reduced their price objective on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, B. Riley dropped their price objective 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.

Institutional Investors Weigh In On Oaktree Specialty Lending

Institutional investors have recently modified their holdings of the business. PFS Partners LLC raised its stake 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 worth $32,000 after purchasing an additional 1,660 shares in the last quarter. Security National Bank acquired a new stake in shares of Oaktree Specialty Lending in the second quarter valued at approximately $42,000. Brown Brothers Harriman & Co. bought a new stake in shares of Oaktree Specialty Lending in the second quarter valued at approximately $56,000. Sunbelt Securities Inc. boosted its stake in shares of Oaktree Specialty Lending by 37.0% in the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after buying an additional 1,820 shares during the period. Finally, Bfsg LLC grew its position in Oaktree Specialty Lending by 208.1% during 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. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $16.07 on Friday. The company has a market cap of $1.32 billion, a PE ratio of 18.47 and a beta of 1.09. The firm has a 50-day moving average of $16.31 and a 200-day moving average of $17.69. Oaktree Specialty Lending has a one year low of $15.55 and a one year high of $21.64. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17.

About Oaktree Specialty Lending

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.