Oaktree Specialty Lending’s (OCSL) Market Perform Rating Reiterated at Oppenheimer

Oaktree Specialty Lending (NASDAQ:OCSL)‘s stock had its “market perform” rating reaffirmed by Oppenheimer in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $18.00 target price on the credit services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 14.00% from the stock’s current price.

Other equities analysts have also issued reports about the company. JPMorgan Chase & Co. restated a “neutral” rating and set a $15.00 price target (down from $17.00) on shares of Oaktree Specialty Lending in a research report on Wednesday. B. Riley reduced their price target on Oaktree Specialty Lending from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their price objective 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. Keefe, Bruyette & Woods decreased their target price on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday. Finally, JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Trading Up 1.5 %

Shares of Oaktree Specialty Lending stock traded up $0.23 during trading on Friday, reaching $15.79. The company’s stock had a trading volume of 211,729 shares, compared to its average volume of 662,306. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 21.85 and a beta of 1.09. The firm’s 50-day moving average is $16.16 and its two-hundred day moving average is $17.47. Oaktree Specialty Lending has a 52-week low of $15.40 and a 52-week high of $21.64. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.61.

Hedge Funds Weigh In On Oaktree Specialty Lending

Large investors have recently made changes to their positions in the business. PFS Partners LLC boosted 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 bought a new position in shares of Oaktree Specialty Lending in the second quarter worth approximately $42,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Oaktree Specialty Lending during the second quarter valued at approximately $56,000. Sunbelt Securities Inc. increased its position in shares of Oaktree Specialty Lending by 37.0% during the second quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Bfsg LLC increased its holdings in shares of Oaktree Specialty Lending by 208.1% in the 3rd quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock worth $135,000 after purchasing an additional 5,576 shares in the last quarter. 36.79% of the stock is currently 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.