Oaktree Specialty Lending (NASDAQ:OCSL) Price Target Cut to $20.00

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $21.00 to $20.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an "overweight" rating on the credit services provider's stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 3.79% from the company's current price.

Several other equities analysts have also weighed in on OCSL. JMP Securities reaffirmed a "market outperform" rating and set a $21.00 price objective on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $22.00 to $19.00 in a report on Friday, February 2nd. Wells Fargo & Company increased their price target on Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an "overweight" rating in a report on Monday, January 29th. Finally, B. Riley downgraded Oaktree Specialty Lending from a "buy" rating to a "neutral" rating and set a $21.00 price target on the stock. in a report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Oaktree Specialty Lending presently has a consensus rating of "Hold" and a consensus target price of $20.67.

Oaktree Specialty Lending Stock Down 1.1 %

Shares of NASDAQ OCSL traded down $0.21 during mid-day trading on Friday, reaching $19.27. The company had a trading volume of 357,158 shares, compared to its average volume of 682,129. The stock has a fifty day moving average of $19.64 and a two-hundred day moving average of $19.95. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.76 and a beta of 1.06. Oaktree Specialty Lending has a 12-month low of $17.99 and a 12-month high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) last issued its quarterly earnings data on Thursday, February 1st. The credit services provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.04). The business had revenue of $97.99 million for the quarter, compared to the consensus estimate of $99.48 million. Oaktree Specialty Lending had a net margin of 28.81% and a return on equity of 12.22%. During the same period in the previous year, the business posted $0.61 EPS. As a group, equities research analysts expect that Oaktree Specialty Lending will post 2.31 EPS for the current year.

Insider Transactions at Oaktree Specialty Lending

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the company's stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $20.07 per share, with a total value of $40,140.00. Following the acquisition, the director now owns 11,166 shares of the company's stock, valued at approximately $224,101.62. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

Institutional Trading of Oaktree Specialty Lending

Several institutional investors and hedge funds have recently added to or reduced their stakes in OCSL. Cape Investment Advisory Inc. acquired a new position in shares of Oaktree Specialty Lending during the 4th quarter worth about $39,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $41,000. US Bancorp DE grew its position in shares of Oaktree Specialty Lending by 375.4% in the 4th quarter. US Bancorp DE now owns 3,166 shares of the credit services provider's stock valued at $65,000 after purchasing an additional 2,500 shares during the period. Bfsg LLC acquired a new position in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $71,000. Finally, Harbour Investments Inc. bought a new stake in Oaktree Specialty Lending in the 1st quarter valued at approximately $71,000. 36.79% of the stock is owned by 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.