Wells Fargo & Company Issues Pessimistic Forecast for Oaktree Specialty Lending (NASDAQ:OCSL) Stock Price

Oaktree Specialty Lending (NASDAQ:OCSL) had its target price reduced by Wells Fargo & Company from $17.00 to $15.50 in a research note released on Tuesday morning, Benzinga reports. They currently have an equal weight rating on the credit services provider’s stock.

OCSL has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. StockNews.com lowered shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Monday, August 5th. 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 report on Friday, August 2nd. Oppenheimer lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and cut their target price for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Hold” and an average price target of $18.00.

Oaktree Specialty Lending Stock Down 1.6 %

Shares of Oaktree Specialty Lending stock opened at $15.96 on Tuesday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61. Oaktree Specialty Lending has a twelve month low of $15.56 and a twelve month high of $21.64. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 18.34 and a beta of 1.09. The company’s 50 day moving average is $16.42 and its 200 day moving average is $17.83.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Thursday, August 1st. The credit services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). The firm had revenue of $94.97 million for the quarter, compared to the consensus estimate of $99.35 million. Oaktree Specialty Lending had a net margin of 17.21% and a return on equity of 12.03%. Research analysts anticipate that Oaktree Specialty Lending will post 2.24 EPS for the current year.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently modified their holdings of OCSL. Accel Wealth Management boosted its holdings in Oaktree Specialty Lending by 21.8% in the 1st quarter. Accel Wealth Management now owns 14,554 shares of the credit services provider’s stock worth $286,000 after buying an additional 2,602 shares during the period. SG Americas Securities LLC purchased a new position in shares of Oaktree Specialty Lending in the first quarter valued at about $624,000. Significant Wealth Partners LLC boosted its stake in shares of Oaktree Specialty Lending by 217.9% in the first quarter. Significant Wealth Partners LLC now owns 204,075 shares of the credit services provider’s stock worth $4,012,000 after acquiring an additional 139,881 shares during the period. Arnhold LLC grew its position in shares of Oaktree Specialty Lending by 9.0% during the first quarter. Arnhold LLC now owns 36,406 shares of the credit services provider’s stock worth $716,000 after purchasing an additional 3,000 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in Oaktree Specialty Lending during the 1st quarter valued at approximately $210,000. 36.79% of the stock is owned by hedge funds and other institutional investors.

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.