JPMorgan Chase & Co. Has Lowered Expectations for Oaktree Specialty Lending (NASDAQ:OCSL) Stock Price

Oaktree Specialty Lending (NASDAQ:OCSL) had its price target decreased by research analysts at JPMorgan Chase & Co. from $13.50 to $10.50 in a report released on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the credit services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential downside of 5.41% from the stock’s previous close.

Several other equities research analysts also recently commented on OCSL. Zacks Research downgraded shares of Oaktree Specialty Lending from a “hold” rating to a “strong sell” rating in a report on Monday, February 9th. Wall Street Zen upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Wells Fargo & Company lowered their price target on shares of Oaktree Specialty Lending from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. Lucid Cap Mkts upgraded shares of Oaktree Specialty Lending to a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings downgraded shares of Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, February 9th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Oaktree Specialty Lending currently has a consensus rating of “Reduce” and a consensus price target of $12.88.

Oaktree Specialty Lending Stock Performance

Shares of OCSL opened at $11.10 on Friday. Oaktree Specialty Lending has a 1 year low of $11.08 and a 1 year high of $15.85. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.16 and a quick ratio of 0.16. The stock’s fifty day moving average price is $12.17 and its two-hundred day moving average price is $12.97. The firm has a market cap of $977.80 million, a PE ratio of 30.83 and a beta of 0.52.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Tuesday, February 3rd. The credit services provider reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. Oaktree Specialty Lending had a return on equity of 9.75% and a net margin of 10.58%.The company had revenue of $74.48 million during the quarter, compared to the consensus estimate of $75.72 million. During the same quarter in the prior year, the company earned $0.54 EPS. On average, equities research analysts forecast that Oaktree Specialty Lending will post 2.06 EPS for the current year.

Institutional Trading of Oaktree Specialty Lending

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Private Management Group Inc. increased its holdings in Oaktree Specialty Lending by 8.1% during the 4th quarter. Private Management Group Inc. now owns 3,259,370 shares of the credit services provider’s stock worth $41,524,000 after acquiring an additional 245,207 shares during the period. Bruni J V & Co. Co. boosted its holdings in Oaktree Specialty Lending by 0.3% in the 4th quarter. Bruni J V & Co. Co. now owns 2,495,710 shares of the credit services provider’s stock valued at $31,795,000 after purchasing an additional 8,691 shares during the period. Van ECK Associates Corp boosted its holdings in Oaktree Specialty Lending by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 2,173,257 shares of the credit services provider’s stock valued at $28,361,000 after purchasing an additional 134,557 shares during the period. Generali Asset Management SPA SGR grew its position in shares of Oaktree Specialty Lending by 10.6% during the 3rd quarter. Generali Asset Management SPA SGR now owns 2,087,981 shares of the credit services provider’s stock valued at $27,248,000 after purchasing an additional 199,415 shares in the last quarter. Finally, Claret Asset Management Corp grew its position in shares of Oaktree Specialty Lending by 11.8% during the 2nd quarter. Claret Asset Management Corp now owns 1,700,738 shares of the credit services provider’s stock valued at $23,232,000 after purchasing an additional 179,563 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.