Oaktree Specialty Lending (NASDAQ:OCSL) Lowered to Sell Rating by B. Riley

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by equities researchers at B. Riley from a “neutral” rating to a “sell” rating in a note issued to investors on Wednesday, MarketBeat reports. They currently have a $15.00 price objective on the credit services provider’s stock. B. Riley’s price target indicates a potential downside of 7.58% from the stock’s current price.

OCSL has been the topic of several other research reports. 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 report on Wednesday, November 20th. Keefe, Bruyette & Woods cut their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 20th. StockNews.com downgraded Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Tuesday. Wells Fargo & Company cut their price objective on 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, Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $16.75.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $16.23 on Wednesday. The company has a market cap of $1.33 billion, a P/E ratio of 22.54 and a beta of 1.07. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.19 and a current ratio of 0.19. The business’s 50 day moving average price is $16.19 and its 200-day moving average price is $17.16. Oaktree Specialty Lending has a fifty-two week low of $15.40 and a fifty-two week high of $21.64.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds have recently made changes to their positions in OCSL. Private Management Group Inc. lifted its holdings in shares of Oaktree Specialty Lending by 91.5% in the 3rd quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock worth $22,958,000 after buying an additional 672,561 shares during the period. Rivernorth Capital Management LLC purchased a new stake in shares of Oaktree Specialty Lending during the 3rd quarter worth $6,598,000. Van ECK Associates Corp lifted its stake in shares of Oaktree Specialty Lending by 21.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,885,293 shares of the credit services provider’s stock worth $35,463,000 after purchasing an additional 327,416 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Oaktree Specialty Lending by 148.2% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 408,612 shares of the credit services provider’s stock worth $6,664,000 after purchasing an additional 243,963 shares during the last quarter. Finally, TrueMark Investments LLC purchased a new stake in shares of Oaktree Specialty Lending during the 2nd quarter worth $4,243,000. 36.79% of the stock is currently 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.