Oaktree Specialty Lending Co. (NASDAQ: OCSL) Q4 2021 EPS estimates released by analyst
Oaktree Specialty Lending Co. (NASDAQ: OCSL) – Equity research analysts at Jefferies Financial Group increased their earnings per share estimates for the fourth quarter of 2021 for Oaktree Specialty Lending in a report released Thursday, August 5. Jefferies Financial Group analyst K. Joseph now expects the credit services provider to post earnings per share of $ 0.15 for the quarter, up from its previous estimate of $ 0.14. Jefferies Financial Group also released estimates for Oaktree Specialty Lending second quarter 2022 earnings at $ 0.16 EPS, FY2022 earnings at $ 0.63 EPS, Q1 2023 earnings at $ 0.16 EPS, earnings Q2 2023 at $ 0.17 EPS, Q3 2023 earnings at $ 0.17 EPS, and FY2023 earnings at $ 0.67 EPS. Oaktree Specialty Lending (NASDAQ: OCSL) last released its quarterly results on Thursday, May 6. The credit service provider reported EPS of $ 0.14 for the quarter, reaching the consensus estimate of $ 0.14. The company posted revenue of $ 41.94 million for the quarter, compared to analysts’ estimates of $ 39.12 million. Oaktree Specialty Lending had a net margin of 217.84% and a return on equity of 8.16%.
Other stock analysts have also recently published research reports on the stock. TheStreet upped Oaktree Specialty Lending shares from a “c +” rating to a “b” rating in a research note on Wednesday, August 4. Oppenheimer launched coverage on Oaktree Specialty Lending shares in a research note on Wednesday, June 23. They set an “outperform” rating and a price target of $ 7.50 for the stock. Finally, Zacks Investment Research downgraded Oaktree Specialty Lending shares from a “buy” rating to a “hold” rating in a research note on Wednesday, April 28. One investment analyst rated the stock with a conservation rating and three gave the stock a buy rating. The stock has a consensus rating of “Buy” and an average target price of $ 6.94.
OCSL stock opened at $ 7.16 on Monday. The company has a quick ratio of 0.11, a current ratio of 0.11, and a debt ratio of 0.23. The company has a market cap of $ 1.29 billion, a price / earnings ratio of 2.97, a PEG ratio of 1.01 and a beta of 1.45. The company has a 50-day simple moving average of $ 6.78. Oaktree Specialty Lending has a 12 month low of $ 4.52 and a 12 month high of $ 7.24.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 30. Investors of record on Wednesday, September 15 will receive a dividend of $ 0.145 per share. This represents a dividend of $ 0.58 on an annualized basis and a return of 8.10%. This is a positive change from Oaktree Specialty Lending’s previous quarterly dividend of $ 0.13. The ex-dividend date for this dividend is Tuesday, September 14. Oaktree Specialty Lending’s dividend payout ratio (DPR) is currently 101.96%.
Meanwhile, main shareholder Leonard M. Tannenbaum sold 81,287 shares of the company in a trade on Thursday, May 27. The shares were sold at an average price of $ 6.71 for a total transaction of $ 545,435.77. Following the completion of the sale, the insider now directly owns 21,195,331 shares of the company, valued at approximately $ 142,220,671.01. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, main shareholder Leonard M. Tannenbaum sold 100,000 shares of the company in a transaction on Tuesday, June 1. The shares were sold at an average price of $ 6.78, for a total trade of $ 678,000.00. As a result of the sale, the insider now directly owns 21,195,331 shares of the company, valued at $ 143,704,344.18. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 221,134 shares of the company valued at $ 1,490,411. Company insiders own 0.19% of the company’s shares.
A number of hedge funds have recently changed their positions in OCSL. Texas Capital Bank Wealth Management Services Inc. increased its position in Oaktree Specialty Lending shares by 22.2% in the second quarter. Texas Capital Bank Wealth Management Services Inc. now owns 198,039 shares of the credit service provider valued at $ 1,325,000 after purchasing an additional 36,019 shares in the last quarter. Partners Group Holding AG increased its position in Oaktree Specialty Lending shares by 187.3% in the 2nd quarter. Partners Group Holding AG now owns 2,602,100 shares of the credit service provider worth $ 17,408,000 after purchasing an additional 1,696,241 shares in the last quarter. Magnus Financial Group LLC purchased a new position in Oaktree Specialty Lending shares in the second quarter for a value of approximately $ 117,000. Buckingham Strategic Wealth LLC increased its position in Oaktree Specialty Lending shares by 32.0% in the 2nd quarter. Buckingham Strategic Wealth LLC now owns 16,500 shares of the credit service provider valued at $ 110,000 after purchasing an additional 4,000 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in Oaktree Specialty Lending shares in the second quarter for a value of approximately $ 338,000. 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, directed acquisitions by sponsors and management buyouts in small and medium-sized enterprises. large companies.
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