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

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by investment analysts at B. Riley from a “neutral” rating to a “sell” rating in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $15.00 target price on the credit services provider’s stock. B. Riley’s price objective indicates a potential downside of 7.58% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company cut their price target on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Citizens Jmp cut Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Oppenheimer reaffirmed a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, November 22nd. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, JMP Securities cut Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a research 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 an average rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Trading Up 0.6 %

Oaktree Specialty Lending stock opened at $16.23 on Wednesday. The business has a 50-day simple moving average of $16.19 and a two-hundred day simple moving average of $17.16. The company has a market cap of $1.33 billion, a P/E ratio of 22.54 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 company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp lifted its holdings in Oaktree Specialty Lending by 7.3% in 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 in the last quarter. Bruni J V & Co. Co. lifted 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 worth $24,975,000 after purchasing an additional 19,790 shares in the last quarter. Private Management Group Inc. lifted its holdings 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. lifted its holdings in Oaktree Specialty Lending by 7.5% in 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 in the last quarter. Finally, TMD Wealth Management LLC raised 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 worth $10,679,000 after acquiring an additional 78,404 shares in the last quarter. 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.