Wall Street analysts expect Oaktree Specialty Lending Co. (NASDAQ: OCSL) to report earnings per share (EPS) of $ 0.16 for the current fiscal quarter, Zacks investment research reports. Two analysts have issued earnings estimates for Oaktree Specialty Lending, with estimates ranging from $ 0.16 to $ 0.17. Oaktree Specialty Lending reported earnings of $ 0.14 per share for the same quarter last year, indicating a positive year-over-year growth rate of 14.3%. The company is expected to release its next quarterly results on Thursday, February 3.
According to Zacks, analysts expect Oaktree Specialty Lending to report annual earnings of $ 0.67 per share for the current year, with EPS estimates ranging from $ 0.66 to $ 0.68. For next year, analysts predict the company will post earnings of $ 0.68 per share. Zacks’ BPA calculations are an average based on a survey of seller-side research companies that track Oaktree Specialty Lending.
Oaktree Specialty Lending (NASDAQ: OCSL) last released its quarterly earnings data on Tuesday, November 16. The credit service provider reported EPS of $ 0.16 for the quarter, beating the Zacks’ consensus estimate of $ 0.15 of $ 0.01. Oaktree Specialty Lending reported a return on equity of 8.87% and a net margin of 143.41%. During the same period last year, the company earned $ 0.17 per share.
A number of stock analysts have commented on OCSL stocks. JMP Securities raised its price target for Oaktree Specialty Lending stock from $ 8.00 to $ 8.50 and gave the stock a “market outperformance” rating in a research note on Wednesday. TheStreet upgraded Oaktree Specialty Lending shares from a “c +” rating to a “b” rating in a report released on Wednesday, August 4. Ultimately, Zacks investment research downgraded Oaktree Specialty Lending shares from a “buy” rating to a “keep” rating in a report released Thursday, October 7. One research analyst rated the stock with a conservation rating and three gave the company’s stock a buy rating. Based on MarketBeat data, the stock currently has an average rating of “Buy” and an average target price of $ 7.81.
Meanwhile, main shareholder Leonard M. Tannenbaum sold 17,330 shares of the company in a transaction dated Tuesday, November 16. The stock was sold for an average price of $ 7.45, for a total value of $ 129,108.50. The transaction has been disclosed in a legal file with the SEC, which can be accessed through this hyperlink. Also, majority shareholder Leonard M. Tannenbaum sold 4,214,368 shares of the company in a transaction dated Monday, September 20. The stock was sold for an average price of $ 7.10, for a total value of $ 29,922,012.80. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 4,379,871 shares of the company valued at $ 31,163,419. Company insiders own 0.19% of the company’s shares.
Several hedge funds and other institutional investors have recently bought and sold OCSL shares. Newbridge Financial Services Group Inc. increased its holdings in Oaktree Specialty Lending by 56.1% in the third quarter. Newbridge Financial Services Group Inc. now owns 4,174 shares of the credit services provider valued at $ 29,000 after purchasing an additional 1,500 shares during the period. Truist Financial Corp increased its holdings in Oaktree Specialty Lending by 1.7% in the third quarter. Truist Financial Corp now owns 93,873 shares of the credit service provider valued at $ 662,000 after purchasing an additional 1,536 shares during the period. Confluence Investment Management LLC increased its holdings in Oaktree Specialty Lending by 2.0% in the second quarter. Confluence Investment Management LLC now owns 90,680 shares of the credit service provider valued at $ 607,000 after purchasing an additional 1,804 shares during the period. Stifel Financial Corp increased its holdings in Oaktree Specialty Lending by 2.7% in the second quarter. Stifel Financial Corp now owns 69,102 shares of the credit service provider valued at $ 462,000 after purchasing an additional 1,841 shares during the period. Finally, Shelton Capital Management increased its holdings in Oaktree Specialty Lending by 5.9% in the second quarter. Shelton Capital Management now owns 39,268 shares of the credit service provider valued at $ 263,000 after purchasing an additional 2,200 shares during the period. 68.71% of the shares are currently held by institutional investors.
Oaktree Specialty Lending shares traded down $ 0.12 in the midday Friday session, reaching $ 7.37. The company had a trading volume of 1,024,201 shares, compared to its average volume of 776,774. The company has a leverage ratio of 0.49, a current ratio of 0.21, and a rapid ratio of 0. 21. Oaktree Specialty Lending has a 52 week low of $ 5.29 and a 52 week high of $ 7.62. The company has a market cap of $ 1.33 billion, a PE ratio of 4.05, a P / E / G ratio of 0.99 and a beta of 1.40. The stock has a fifty-day moving average price of $ 7.30 and a 200-day moving average price of $ 7.03.
The company also recently unveiled a quarterly dividend, which will be paid on Friday, December 31. Shareholders of record on Wednesday, December 15 will receive a dividend of $ 0.155. This represents a dividend of $ 0.62 on an annualized basis and a dividend yield of 8.41%. This is a positive change from Oaktree Specialty Lending’s previous quarterly dividend of $ 0.15. The ex-dividend date is Tuesday, December 14. Oaktree Specialty Lending’s payout ratio is currently 31.87%.
About Oaktree Specialty Loans
Oaktree Specialty Lending Corp. operates as an alternative asset manager that provides financing solutions to growing private, small and medium-sized businesses. While fostering growth is our primary mission, a singular goal guides all of our partnering activities for success.
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