Wells Fargo & Company Lowers Oaktree Specialty Lending (NASDAQ:OCSL) Price Target to $14.00

Oaktree Specialty Lending (NASDAQ:OCSL) had its price objective dropped by analysts at Wells Fargo & Company from $15.00 to $14.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the credit services provider’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 5.28% from the stock’s current price.

Several other research analysts have also recently commented on OCSL. Keefe, Bruyette & Woods decreased their target price on shares of Oaktree Specialty Lending from $16.50 to $15.00 and set a “market perform” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. lowered their price objective on shares of Oaktree Specialty Lending from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.00.

Oaktree Specialty Lending Price Performance

Oaktree Specialty Lending stock traded up $0.10 during mid-day trading on Monday, hitting $14.78. The company’s stock had a trading volume of 43,421 shares, compared to its average volume of 744,856. Oaktree Specialty Lending has a twelve month low of $12.50 and a twelve month high of $19.95. The stock’s fifty day moving average price is $15.10 and its two-hundred day moving average price is $15.56. The stock has a market capitalization of $1.22 billion, a P/E ratio of 22.10 and a beta of 0.84. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.63.

Oaktree Specialty Lending (NASDAQ:OCSL) last announced its earnings results on Tuesday, February 4th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54. Oaktree Specialty Lending had a return on equity of 12.07% and a net margin of 14.75%. The company had revenue of $86.65 million for the quarter, compared to analyst estimates of $91.93 million. During the same period in the previous year, the firm earned $0.57 earnings per share. Oaktree Specialty Lending’s revenue for the quarter was down 11.6% compared to the same quarter last year. Research analysts forecast that Oaktree Specialty Lending will post 2.06 earnings per share for the current year.

Institutional Trading of Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently modified their holdings of the company. Canton Hathaway LLC purchased a new position in Oaktree Specialty Lending in the fourth quarter valued at about $44,000. Spire Wealth Management bought a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $68,000. Geneos Wealth Management Inc. acquired a new position in Oaktree Specialty Lending in the fourth quarter worth approximately $93,000. SG Americas Securities LLC bought a new position in Oaktree Specialty Lending during the fourth quarter valued at approximately $106,000. Finally, EMC Capital Management lifted its stake in Oaktree Specialty Lending by 53.2% in the fourth quarter. EMC Capital Management now owns 8,714 shares of the credit services provider’s stock valued at $133,000 after acquiring an additional 3,026 shares during the last quarter. 36.79% of the stock is currently owned by hedge funds and other 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.