JMP Securities Downgrades Oaktree Specialty Lending (NASDAQ:OCSL) to Market Perform

Oaktree Specialty Lending (NASDAQ:OCSL) was downgraded by equities researchers at JMP Securities from an “outperform” rating to a “market perform” rating in a report released on Tuesday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on OCSL. B. Riley reduced their price target on Oaktree Specialty Lending from $18.50 to $17.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. JPMorgan Chase & Co. cut their target price on Oaktree Specialty Lending from $20.00 to $18.50 and set an “overweight” rating for the company in a research note on Monday, July 29th. Oppenheimer cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $20.00 to $18.00 in a research note on Friday, August 2nd. Keefe, Bruyette & Woods raised Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $16.75.

Oaktree Specialty Lending Price Performance

OCSL stock opened at $15.68 on Tuesday. The firm has a market capitalization of $1.29 billion, a PE ratio of 18.02 and a beta of 1.09. Oaktree Specialty Lending has a one year low of $15.40 and a one year high of $21.64. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.61. The firm has a 50-day moving average of $16.18 and a two-hundred day moving average of $17.49.

Institutional Investors Weigh In On Oaktree Specialty Lending

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PFS Partners LLC lifted its stake in Oaktree Specialty Lending by 601.4% in the third quarter. PFS Partners LLC now owns 1,936 shares of the credit services provider’s stock valued at $32,000 after buying an additional 1,660 shares in the last quarter. Security National Bank bought a new position in Oaktree Specialty Lending in the second quarter valued at $42,000. Brown Brothers Harriman & Co. bought a new position in shares of Oaktree Specialty Lending in the 2nd quarter valued at about $56,000. Sunbelt Securities Inc. boosted its holdings in shares of Oaktree Specialty Lending by 37.0% in the 2nd quarter. Sunbelt Securities Inc. now owns 6,735 shares of the credit services provider’s stock valued at $127,000 after buying an additional 1,820 shares during the last quarter. Finally, Bfsg LLC lifted its stake in Oaktree Specialty Lending by 208.1% in the third quarter. Bfsg LLC now owns 8,255 shares of the credit services provider’s stock valued at $135,000 after acquiring an additional 5,576 shares during the last quarter. Institutional investors own 36.79% of the company’s stock.

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.