Oaktree Specialty Lending (NASDAQ:OCSL) Receives “Neutral” Rating from JPMorgan Chase & Co.

Oaktree Specialty Lending (NASDAQ:OCSL)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $15.00 price objective on the credit services provider’s stock, down from their prior price objective of $17.00. JPMorgan Chase & Co.‘s price target suggests a potential downside of 3.91% from the company’s current price.

A number of other equities research analysts have also recently commented on OCSL. Wells Fargo & Company decreased their price objective 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. Oppenheimer lowered Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $20.00 to $18.00 in a research report on Friday, August 2nd. StockNews.com cut Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. B. Riley cut their price target on shares of Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Finally, Keefe, Bruyette & Woods upgraded Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $17.42.

Oaktree Specialty Lending Trading Down 3.3 %

OCSL opened at $15.61 on Wednesday. Oaktree Specialty Lending has a fifty-two week low of $15.40 and a fifty-two week high of $21.64. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 17.94 and a beta of 1.09. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a 50 day simple moving average of $16.19 and a 200 day simple moving average of $17.50.

Hedge Funds Weigh In On Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently bought and sold shares of OCSL. Van ECK Associates Corp boosted its stake in shares of 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 acquiring an additional 137,508 shares during the period. Bruni J V & Co. Co. boosted its position in Oaktree Specialty Lending by 1.3% during the third 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 during the period. Private Management Group Inc. increased its holdings in shares of Oaktree Specialty Lending by 91.5% in the third quarter. Private Management Group Inc. now owns 1,407,573 shares of the credit services provider’s stock valued at $22,958,000 after purchasing an additional 672,561 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of Oaktree Specialty Lending by 7.5% in the third quarter. Pinnacle Associates Ltd. now owns 583,395 shares of the credit services provider’s stock valued at $9,515,000 after purchasing an additional 40,641 shares during the period. Finally, TMD Wealth Management LLC lifted its stake 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 buying an additional 78,404 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

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.