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

JPMorgan Chase & Co. reissued their neutral rating on shares of Oaktree Specialty Lending (NASDAQ:OCSLFree Report) in a research note published on Wednesday, MarketBeat reports. JPMorgan Chase & Co. currently has a $15.00 target price on the credit services provider’s stock, down from their previous target price of $17.00.

Other equities research analysts also recently issued reports about the stock. B. Riley reduced their price target on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Keefe, Bruyette & Woods upgraded shares of Oaktree Specialty Lending to a “hold” rating in a research report on Friday, August 2nd. 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 report on Tuesday, October 29th. StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. Finally, Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $20.00 to $18.00 in a research note on Friday, August 2nd. Seven analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.75.

Read Our Latest Research Report on Oaktree Specialty Lending

Oaktree Specialty Lending Price Performance

OCSL stock opened at $15.85 on Wednesday. The firm has a 50 day moving average of $16.15 and a 200-day moving average of $17.45. Oaktree Specialty Lending has a 12-month low of $15.40 and a 12-month high of $21.64. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 22.01 and a beta of 1.09.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.55 per share. The ex-dividend date is Monday, December 16th. This represents a $2.20 annualized dividend and a dividend yield of 13.88%. Oaktree Specialty Lending’s dividend payout ratio is presently 305.56%.

Hedge Funds Weigh In On Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its holdings in shares of Oaktree Specialty Lending by 7.3% during the 3rd quarter. Van ECK Associates Corp now owns 2,022,801 shares of the credit services provider’s stock valued at $32,567,000 after acquiring an additional 137,508 shares in the last quarter. Bruni J V & Co. Co. lifted its holdings in shares of Oaktree Specialty Lending by 1.3% during the 3rd quarter. Bruni J V & Co. Co. now owns 1,531,250 shares of the credit services provider’s stock valued at $24,975,000 after acquiring an additional 19,790 shares in the last quarter. Private Management Group Inc. lifted its holdings in shares of Oaktree Specialty Lending by 91.5% during the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after acquiring an additional 672,561 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Oaktree Specialty Lending by 7.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock valued at $9,515,000 after acquiring an additional 40,641 shares in the last quarter. Finally, TMD Wealth Management LLC lifted its holdings in shares of Oaktree Specialty Lending by 16.0% during the 2nd quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after acquiring an additional 78,404 shares in the last quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

About Oaktree Specialty Lending

(Get Free Report)

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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Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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