$ 50.69 million in expected sales for Oaktree Specialty Lending Co. (NASDAQ: OCSL) this quarter
Wall Street analysts predict that Oaktree Specialty Lending Co. (NASDAQ: OCSL) will report $ 50.69 million in sales for the current quarter, Zack reports. Two analysts provided earnings estimates for Oaktree Specialty Lending, with the lower sales estimate at $ 50.45 million and the higher estimate at $ 50.93 million. Oaktree Specialty Lending reported sales of $ 34.40 million in the same quarter last year, suggesting a positive year-over-year growth rate of 47.4%. The company is expected to release its next quarterly results before the market opens on Thursday August 5.
On average, analysts expect Oaktree Specialty Lending to have annual revenue of $ 182.16 million for the current fiscal year, with estimates ranging from $ 181.71 million to $ 182. $ 61 million. For the next fiscal year, analysts predict the company will post sales of $ 213.91 million, with estimates ranging from $ 212.04 million to $ 215.78 million. Zacks sales averages are an average based on a survey of seller-side research analysts who track Oaktree Specialty Lending.
Oaktree Specialty Lending (NASDAQ: OCSL) last released its quarterly earnings data on Thursday, May 6. The credit services provider reported EPS of $ 0.14 for the quarter, hitting analyst consensus estimates of $ 0.14. Oaktree Specialty Lending reported a return on equity of 8.16% and a net margin of 217.84%. The company posted revenue of $ 41.94 million for the quarter, compared to a consensus estimate of $ 39.12 million.
A number of equity analysts recently commented on the company. TheStreet downgraded Oaktree Specialty Lending from a “b” rating to a “c +” rating in a report released on Tuesday, May 25. Zacks investment research reduced Oaktree Specialty Lending from a “buy” rating to a “keep” rating in a research report released Wednesday, April 28. Finally, Oppenheimer assumed coverage of Oaktree Specialty Lending in a research report on Wednesday, June 23. They set an “outperformance” rating and a target price of $ 7.50 for the company. One investment analyst rated the stock with a conservation rating and three issued a buy rating for the company. Oaktree Specialty Lending currently has a consensus rating of “Buy” and an average price target of $ 6.94.
NASDAQ: OCSL opened for $ 6.84 on Friday. The stock has a 50-day moving average price of $ 6.71. Oaktree Specialty Lending has a 52 week low of $ 4.29 and a 52 week high of $ 6.92. The company has a market cap of $ 1.23 billion, a P / E ratio of 2.84, a P / E / G ratio of 1.00, and a beta of 1.47. The company has a quick ratio of 0.11, a current ratio of 0.11, and a debt ratio of 0.23.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 30. Shareholders of record on Tuesday, June 15, received a dividend of $ 0.13 per share. The ex-dividend date was Monday June 14. This represents a dividend of $ 0.52 on an annualized basis and a return of 7.60%. This is a boost from Oaktree Specialty Lending’s previous quarterly dividend of $ 0.12. Oaktree Specialty Lending’s dividend payout ratio is currently 101.96%.
Meanwhile, main shareholder Leonard M. Tannenbaum sold 388,182 shares in a transaction that took place on Thursday, April 29. The stock was sold for an average price of $ 6.75, for a total value of $ 2,620,228.50. Following the completion of the sale, the insider now directly owns 21,624,417 shares of the company, valued at $ 145,964,814.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In addition, main shareholder Leonard M. Tannenbaum sold 15,659 shares in a transaction that took place on Wednesday, April 21. The shares were sold for an average price of $ 6.70, for a total value of $ 104,915.30. Following the completion of the sale, the insider now directly owns 22,145,495 shares of the company, valued at $ 148,374,816.50. Disclosure of this sale can be found here. Insiders sold 1,396,975 shares of the company valued at $ 9,350,154 in the past three months. 0.19% of the shares are held by insiders of the company.
Several institutional investors and hedge funds have recently bought and sold shares in the company. Ares Management LLC increased its stake in Oaktree Specialty Lending shares by 108.3% in the first quarter. Ares Management LLC now owns 4,095,814 shares of the credit service provider valued at $ 25,394,000 after purchasing an additional 2,129,926 shares in the last quarter. Lindbrook Capital LLC increased its stake in Oaktree Specialty Lending shares by 5,797.0% in the first quarter. Lindbrook Capital LLC now owns 1,923,321 shares of the credit service provider valued at $ 11,925,000 after purchasing an additional 1,890,706 shares in the last quarter. Private Management Group Inc. increased its stake in Oaktree Specialty Lending shares by 36.0% in the first quarter. Private Management Group Inc. now owns 6,041,064 shares of the credit service provider valued at $ 37,455,000 after purchasing an additional 1,600,113 shares in the last quarter. Credit Suisse AG increased its stake in Oaktree Specialty Lending shares by 176.2% in the first quarter. Credit Suisse AG now owns 1,670,889 shares of the credit services provider valued at $ 10,359,000 after purchasing an additional 1,065,869 shares in the last quarter. Finally, Morgan Stanley increased its stake in Oaktree Specialty Lending shares by 64.7% in the first quarter. Morgan Stanley now owns 1,897,896 shares of the credit service provider valued at $ 11,767,000 after purchasing an additional 745,828 shares last quarter. 48.16% of the capital is held by institutional investors.
Oaktree Specialty Loan Company Profile
Oaktree Specialty Lending Corporation is a business development company specializing in mid-market investments, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, acquisitions sponsored by sponsors and management buyouts in small and medium enterprises. large companies.
Feature article: Expiration of silent periods explained
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured article: What is the dividend yield?
7 Bellwether actions signaling a return to normal
Bellwether’s actions are viewed as leading indicators of the direction of the overall economy, a specific sector, or the broader market. These are predictive actions in that investors can use company earnings reports to gauge economic strength or weakness.
The traditional definition of Reference Shares is reminiscent of established blue-chip companies. They are home to mature and loyal brands. These may be stocks that are not associated with exceptional growth; some may be dividend paying stocks.
But there is something different about normal this time around. While it is true (and I think it does) that the old rules no longer apply, investors need to change their perception of flagship stocks. Plus, let’s face it, many stocks that we might consider flagship stocks have already seen a slight upturn in vaccines. This means that the easy wins are gone.
With that in mind, we have prepared this special presentation that highlights seven of what we can call the new flagship stocks. These are stocks investors should pay attention to as the economy continues to reopen.
One of the qualities of many of these stocks is that they are either negative for 2021 or underperforming relative to the overall market. And that means they’re likely to have a big rise as the economy grows.
Check out the “7 Bellwether Actions for Returning to Normal”.