Oaktree Specialty Lending (NASDAQ:OCSL) PT Lowered to $18.50 at JPMorgan Chase & Co.

Oaktree Specialty Lending (NASDAQ:OCSL) had its price objective reduced by JPMorgan Chase & Co. from $20.00 to $18.50 in a research report report published on Monday morning, Benzinga reports. They currently have an overweight rating on the credit services provider’s stock.

Separately, Wells Fargo & Company decreased their target price on shares of Oaktree Specialty Lending from $20.00 to $19.00 and set an overweight rating for the company in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Oaktree Specialty Lending has a consensus rating of Hold and an average target price of $19.75.

Oaktree Specialty Lending Trading Down 0.7 %

NASDAQ:OCSL opened at $18.03 on Monday. Oaktree Specialty Lending has a 12 month low of $17.63 and a 12 month high of $21.64. The business’s 50-day moving average is $18.81 and its two-hundred day moving average is $19.46. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market capitalization of $1.47 billion, a PE ratio of 13.46 and a beta of 1.09.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. The company had revenue of $94.03 million for the quarter, compared to analyst estimates of $99.66 million. During the same period last year, the firm posted $0.62 earnings per share. Research analysts predict that Oaktree Specialty Lending will post 2.28 earnings per share for the current fiscal year.

Institutional Trading of Oaktree Specialty Lending

Several institutional investors have recently added to or reduced their stakes in OCSL. SG Americas Securities LLC bought a new stake in shares of Oaktree Specialty Lending in the 1st quarter worth about $624,000. Everpar Advisors LLC acquired a new stake in Oaktree Specialty Lending during the fourth quarter valued at approximately $1,543,000. Van ECK Associates Corp lifted its holdings in Oaktree Specialty Lending by 10.8% during the 4th quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock worth $28,902,000 after buying an additional 137,929 shares during the last quarter. Melia Wealth LLC acquired a new position in shares of Oaktree Specialty Lending in the 1st quarter worth approximately $13,168,000. Finally, MRP Capital Investments LLC increased its holdings in shares of Oaktree Specialty Lending by 3.2% in the 4th quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock valued at $403,000 after acquiring an additional 616 shares during the last quarter. 36.79% of the stock is owned by institutional investors and hedge funds.

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.