Oaktree Specialty Lending (NASDAQ:OCSL) has been given a $5.00 price target by Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 14.16% from the company’s previous close.
A number of other equities analysts have also weighed in on OCSL. JPMorgan Chase & Co. upgraded Oaktree Specialty Lending from a “neutral” rating to an “overweight” rating and set a $6.00 target price on the stock in a research note on Tuesday. Zacks Investment Research upgraded Oaktree Specialty Lending from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Tuesday, November 7th. BMO Capital Markets reiterated a “hold” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a research note on Monday, January 8th. Maxim Group reiterated a “hold” rating on shares of Oaktree Specialty Lending in a research note on Tuesday, December 26th. Finally, National Securities downgraded Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $5.00 in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Oaktree Specialty Lending currently has an average rating of “Hold” and an average target price of $5.63.
Oaktree Specialty Lending (NASDAQ OCSL) traded up $0.02 on Friday, hitting $4.38. The stock had a trading volume of 802,243 shares, compared to its average volume of 883,835. Oaktree Specialty Lending has a 52 week low of $3.90 and a 52 week high of $5.91. The firm has a market capitalization of $665.34, a PE ratio of -3.15, a price-to-earnings-growth ratio of 5.85 and a beta of 0.02. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.22 and a current ratio of 0.22.
In other Oaktree Specialty Lending news, Director Richard Ruben bought 14,550 shares of the stock in a transaction on Wednesday, December 6th. The shares were acquired at an average price of $4.82 per share, with a total value of $70,131.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John Frank bought 28,784 shares of the stock in a transaction on Friday, December 15th. The shares were acquired at an average cost of $4.74 per share, for a total transaction of $136,436.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 362,534 shares of company stock worth $1,734,287 in the last three months. Insiders own 0.10% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Hillsdale Investment Management Inc. bought a new position in shares of Oaktree Specialty Lending in the third quarter worth $129,000. Confluence Investment Management LLC bought a new position in Oaktree Specialty Lending in the fourth quarter valued at $1,520,000. DnB Asset Management AS bought a new position in Oaktree Specialty Lending in the fourth quarter valued at $637,000. Bank of Montreal Can bought a new position in Oaktree Specialty Lending in the fourth quarter valued at $9,281,000. Finally, Moody National Bank Trust Division bought a new position in Oaktree Specialty Lending in the fourth quarter valued at $197,000. 35.70% of the stock is currently owned by institutional investors and hedge funds.
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Oaktree Specialty Lending Company Profile
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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