Analysts Anticipate Oaktree Specialty Lending Corp (NASDAQ:OCSL) to Announce $0.12 EPS

Equities research analysts predict that Oaktree Specialty Lending Corp (NASDAQ:OCSL) will announce $0.12 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Oaktree Specialty Lending’s earnings. Oaktree Specialty Lending also posted earnings of $0.12 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report on Thursday, December 5th.

On average, analysts expect that Oaktree Specialty Lending will report full year earnings of $0.48 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.49. For the next financial year, analysts expect that the business will post earnings of $0.50 per share, with EPS estimates ranging from $0.48 to $0.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Oaktree Specialty Lending.

Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. Oaktree Specialty Lending had a return on equity of 7.66% and a net margin of 96.11%. The company had revenue of $36.67 million for the quarter, compared to analysts’ expectations of $39.57 million.



OCSL has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Tuesday. TheStreet upgraded Oaktree Specialty Lending from a “c” rating to a “b” rating in a research report on Monday, August 12th. Finally, Janney Montgomery Scott initiated coverage on Oaktree Specialty Lending in a research report on Monday, July 29th. They issued a “neutral” rating on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $6.25.

In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 57,834 shares of Oaktree Specialty Lending stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $5.45, for a total value of $315,195.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Leonard M. Tannenbaum sold 59,284 shares of Oaktree Specialty Lending stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $5.43, for a total value of $321,912.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 393,227 shares of company stock worth $2,132,004. Company insiders own 0.16% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Oaktree Specialty Lending by 215.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 103,895 shares of the credit services provider’s stock valued at $563,000 after purchasing an additional 70,975 shares in the last quarter. Bruni J V & Co. Co. boosted its stake in shares of Oaktree Specialty Lending by 1.1% during the first quarter. Bruni J V & Co. Co. now owns 4,000,165 shares of the credit services provider’s stock valued at $20,721,000 after purchasing an additional 41,989 shares in the last quarter. Timber Hill LLC boosted its stake in shares of Oaktree Specialty Lending by 67.6% during the first quarter. Timber Hill LLC now owns 28,500 shares of the credit services provider’s stock valued at $148,000 after purchasing an additional 11,500 shares in the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of Oaktree Specialty Lending by 326.9% during the second quarter. Keeley Teton Advisors LLC now owns 1,120,588 shares of the credit services provider’s stock valued at $6,074,000 after purchasing an additional 858,096 shares in the last quarter. Finally, Greenwich Investment Management Inc. boosted its stake in shares of Oaktree Specialty Lending by 10.8% during the second quarter. Greenwich Investment Management Inc. now owns 1,221,418 shares of the credit services provider’s stock valued at $6,620,000 after purchasing an additional 119,050 shares in the last quarter. Hedge funds and other institutional investors own 50.05% of the company’s stock.

Shares of NASDAQ OCSL traded up $0.01 during mid-day trading on Friday, reaching $5.26. The company had a trading volume of 131,708 shares, compared to its average volume of 368,120. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.05 and a current ratio of 0.05. Oaktree Specialty Lending has a one year low of $4.08 and a one year high of $5.75. The firm has a market cap of $738.63 million, a price-to-earnings ratio of 12.23, a PEG ratio of 5.42 and a beta of 0.52. The business’s 50-day simple moving average is $5.20 and its 200 day simple moving average is $5.30.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date is Thursday, September 12th. Oaktree Specialty Lending’s dividend payout ratio is presently 88.37%.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies.

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