Oaktree Specialty Lending Co. Expected to Post Q4 2024 Earnings of $0.59 Per Share (NASDAQ:OCSL)

Oaktree Specialty Lending Co. (NASDAQ:OCSL) – Research analysts at B. Riley raised their Q4 2024 earnings estimates for shares of Oaktree Specialty Lending in a research note issued on Wednesday, May 1st. B. Riley analyst B. Rowe now forecasts that the credit services provider will post earnings per share of $0.59 for the quarter, up from their prior forecast of $0.58. The consensus estimate for Oaktree Specialty Lending’s current full-year earnings is $2.28 per share.

A number of other brokerages have also issued reports on OCSL. Wells Fargo & Company raised their price target on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a research report on Tuesday, March 26th. JPMorgan Chase & Co. cut their price objective on Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Keefe, Bruyette & Woods downgraded Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $22.00 to $19.00 in a report on Friday, February 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Oaktree Specialty Lending has a consensus rating of “Hold” and an average target price of $20.67.

Oaktree Specialty Lending Stock Performance

NASDAQ:OCSL opened at $19.18 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.24 and a current ratio of 0.24. Oaktree Specialty Lending has a fifty-two week low of $18.09 and a fifty-two week high of $21.64. The business has a 50 day moving average price of $19.48 and a 200-day moving average price of $19.95. The firm has a market cap of $1.56 billion, a PE ratio of 14.31 and a beta of 1.06.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). Oaktree Specialty Lending had a return on equity of 12.16% and a net margin of 25.90%. The company had revenue of $94.03 million during the quarter, compared to analysts’ expectations of $99.66 million. During the same quarter in the prior year, the firm posted $0.62 EPS.

Oaktree Specialty Lending Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 11.47%. The ex-dividend date of this dividend is Friday, June 14th. Oaktree Specialty Lending’s dividend payout ratio is currently 164.18%.

Insider Activity

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the completion of the acquisition, the director now owns 11,166 shares in the company, valued at $224,101.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Oaktree Specialty Lending

Institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in Oaktree Specialty Lending by 10.8% during the 4th quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock valued at $28,902,000 after buying an additional 137,929 shares in the last quarter. Advisors Capital Management LLC purchased a new position in shares of Oaktree Specialty Lending in the 3rd quarter worth about $4,626,000. LSV Asset Management boosted its stake in Oaktree Specialty Lending by 6.2% in the 3rd quarter. LSV Asset Management now owns 1,137,333 shares of the credit services provider’s stock worth $22,883,000 after purchasing an additional 66,066 shares in the last quarter. Mirador Capital Partners LP purchased a new stake in Oaktree Specialty Lending during the 4th quarter valued at about $495,000. Finally, MRP Capital Investments LLC increased its stake in Oaktree Specialty Lending by 3.2% during the 4th quarter. MRP Capital Investments LLC now owns 19,733 shares of the credit services provider’s stock valued at $403,000 after purchasing an additional 616 shares in the last quarter. Institutional investors own 36.79% of the company’s stock.

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.