JPMorgan Chase & Co. Upgrades Oaktree Specialty Lending (OCSL) to “Overweight”

JPMorgan Chase & Co. upgraded shares of Oaktree Specialty Lending (NASDAQ:OCSL) from a neutral rating to an overweight rating in a research note published on Tuesday, MarketBeat Ratings reports. The firm currently has $6.00 price objective on the credit services provider’s stock.

Several other brokerages also recently issued reports on OCSL. BMO Capital Markets restated a hold rating and issued a $5.00 price target on shares of Oaktree Specialty Lending in a report on Monday, January 8th. National Securities downgraded Oaktree Specialty Lending from a buy rating to a neutral rating and lowered their price target for the stock from $7.00 to $5.00 in a report on Friday, December 1st. Zacks Investment Research upgraded Oaktree Specialty Lending from a hold rating to a buy rating and set a $6.50 price target for the company in a report on Tuesday, November 7th. Keefe, Bruyette & Woods set a $6.00 price target on Oaktree Specialty Lending and gave the stock a hold rating in a report on Thursday, November 30th. Finally, Maxim Group restated a hold rating on shares of Oaktree Specialty Lending in a report on Tuesday, December 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $5.75.

Shares of Oaktree Specialty Lending (OCSL) opened at $4.36 on Tuesday. The company has a market capitalization of $665.34, a PE ratio of 9.25, a P/E/G ratio of 5.85 and a beta of 0.02. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.48. Oaktree Specialty Lending has a fifty-two week low of $3.90 and a fifty-two week high of $5.91.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Thursday, February 8th. The credit services provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Oaktree Specialty Lending had a negative net margin of 110.68% and a positive return on equity of 7.40%. equities analysts expect that Oaktree Specialty Lending will post 0.4 EPS for the current fiscal year.

In other news, Director Craig A. Jacobson acquired 31,200 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was acquired at an average cost of $4.80 per share, for a total transaction of $149,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Frank acquired 28,784 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average price of $4.74 per share, with a total value of $136,436.16. The disclosure for this purchase can be found here. Insiders acquired 362,534 shares of company stock valued at $1,734,287 over the last 90 days. Corporate insiders own 0.10% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Comerica Bank bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $109,000. Hillsdale Investment Management Inc. bought a new position in shares of Oaktree Specialty Lending during the third quarter worth about $129,000. Wells Fargo & Company MN bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $173,000. Moody National Bank Trust Division bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $197,000. Finally, Pinebridge Investments L.P. bought a new position in shares of Oaktree Specialty Lending during the fourth quarter worth about $331,000. Institutional investors and hedge funds own 35.70% of the company’s stock.

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About Oaktree Specialty Lending

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.

Analyst Recommendations for Oaktree Specialty Lending (NASDAQ:OCSL)

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