Oaktree Specialty Lending (NASDAQ:OCSL) Downgraded by Citizens Jmp to “Hold”

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by equities research analysts at Citizens Jmp from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday. 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 on the stock in a research report on Wednesday. B. Riley reduced their price target on shares of Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report 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 on the stock in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $16.75.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $15.85 on Tuesday. Oaktree Specialty Lending has a one year low of $15.40 and a one year high of $21.64. The company’s fifty day moving average price is $16.15 and its 200-day moving average price is $17.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.17 and a current ratio of 0.19. The company has a market capitalization of $1.30 billion, a PE ratio of 22.01 and a beta of 1.09.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds have recently added to or reduced their stakes in OCSL. Private Management Group Inc. lifted its stake in Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after acquiring an additional 672,561 shares during the period. Van ECK Associates Corp lifted its position in shares of Oaktree Specialty Lending by 21.0% during the second quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock valued at $35,463,000 after buying an additional 327,416 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Oaktree Specialty Lending by 148.2% during the third quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock valued at $6,664,000 after buying an additional 243,963 shares during the last quarter. TrueMark Investments LLC purchased a new stake in shares of Oaktree Specialty Lending during the second quarter valued at about $4,243,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Oaktree Specialty Lending during the third quarter valued at about $2,849,000. 36.79% of the stock is 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.