Oaktree Specialty Lending (NASDAQ:OCSL) Price Target Lowered to $15.00 at B. Riley

Oaktree Specialty Lending (NASDAQ:OCSL) had its target price dropped by equities researchers at B. Riley from $17.00 to $15.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the credit services provider’s stock. B. Riley’s price target suggests a potential downside of 3.60% from the company’s current price. B. Riley also issued estimates for Oaktree Specialty Lending’s Q1 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.55 EPS and FY2025 earnings at $2.20 EPS.

A number of other equities analysts also recently weighed in on OCSL. Keefe, Bruyette & Woods raised shares of Oaktree Specialty Lending to a “hold” rating in a report on Friday, August 2nd. Oppenheimer downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $20.00 to $18.00 in a report on Friday, August 2nd. Wells Fargo & Company dropped their price objective on shares of Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday. Finally, StockNews.com downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.75.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ:OCSL opened at $15.56 on Wednesday. The company’s 50-day moving average is $16.16 and its 200 day moving average is $17.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.17 and a current ratio of 0.17. The company has a market capitalization of $1.28 billion, a P/E ratio of 21.61 and a beta of 1.09. Oaktree Specialty Lending has a fifty-two week low of $15.40 and a fifty-two week high of $21.64.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently modified their holdings of OCSL. ProShare Advisors LLC bought a new stake in shares of Oaktree Specialty Lending during the first quarter valued at about $210,000. Advisors Asset Management Inc. increased its position in shares of Oaktree Specialty Lending by 5.3% in the first quarter. Advisors Asset Management Inc. now owns 221,235 shares of the credit services provider’s stock worth $4,349,000 after purchasing an additional 11,211 shares during the last quarter. Gabelli Funds LLC increased its position in shares of Oaktree Specialty Lending by 3.2% in the first quarter. Gabelli Funds LLC now owns 168,375 shares of the credit services provider’s stock worth $3,310,000 after purchasing an additional 5,155 shares during the last quarter. Adalta Capital Management LLC increased its position in shares of Oaktree Specialty Lending by 165.8% in the first quarter. Adalta Capital Management LLC now owns 39,475 shares of the credit services provider’s stock worth $776,000 after purchasing an additional 24,625 shares during the last quarter. Finally, Cetera Advisors LLC increased its position in shares of Oaktree Specialty Lending by 286.4% in the first quarter. Cetera Advisors LLC now owns 50,245 shares of the credit services provider’s stock worth $988,000 after purchasing an additional 37,242 shares during the last quarter. 36.79% of the stock is currently owned by 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.