Oaktree Specialty Lending (NASDAQ:OCSL) Downgraded by B. Riley to “Sell”

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by equities research analysts at B. Riley from a “neutral” rating to a “sell” rating in a research note issued on Wednesday,Finviz reports. They presently have a $15.00 target price on the credit services provider’s stock. B. Riley’s price target would indicate a potential downside of 8.14% from the company’s current price.

OCSL has been the topic of a number of other research reports. Keefe, Bruyette & Woods dropped their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 20th. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. Wells Fargo & Company dropped their target price 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. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Finally, JMP Securities lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Stock Performance

Shares of OCSL stock opened at $16.33 on Wednesday. The stock has a market cap of $1.34 billion, a PE ratio of 22.68 and a beta of 1.07. Oaktree Specialty Lending has a 52-week low of $15.40 and a 52-week high of $21.64. The business has a 50-day simple moving average of $16.19 and a 200-day simple moving average of $17.17. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62.

Institutional Trading of Oaktree Specialty Lending

Several large investors have recently made changes to their positions in OCSL. Van ECK Associates Corp boosted its stake in 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 worth $32,567,000 after purchasing an additional 137,508 shares during the last quarter. Bruni J V & Co. Co. raised its holdings in Oaktree Specialty Lending by 1.3% in 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 during the last quarter. Private Management Group Inc. lifted its stake in 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 purchasing an additional 672,561 shares in the last quarter. Pinnacle Associates Ltd. boosted 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 worth $9,515,000 after purchasing an additional 40,641 shares during the last quarter. Finally, TMD Wealth Management LLC grew its position in shares of Oaktree Specialty Lending by 16.0% in the second quarter. TMD Wealth Management LLC now owns 567,718 shares of the credit services provider’s stock valued at $10,679,000 after purchasing an additional 78,404 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.