Q4 2024 Earnings Estimate for Oaktree Specialty Lending Co. (NASDAQ:OCSL) Issued By B. Riley

Oaktree Specialty Lending Co. (NASDAQ:OCSL) – Research analysts at B. Riley boosted their Q4 2024 earnings per share estimates for shares of Oaktree Specialty Lending in a report released on Wednesday, May 1st. B. Riley analyst B. Rowe now anticipates that the credit services provider will post earnings of $0.59 per share for the quarter, up from their previous forecast of $0.58. B. Riley currently has a “Neutral” rating and a $21.00 target price on the stock. The consensus estimate for Oaktree Specialty Lending’s current full-year earnings is $2.28 per share.

Several other research firms have also commented on OCSL. Keefe, Bruyette & Woods lowered shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $22.00 to $19.00 in a research report on Friday, February 2nd. JMP Securities reiterated a “market outperform” rating and set a $21.00 price target on shares of Oaktree Specialty Lending in a report on Tuesday, March 26th. Wells Fargo & Company boosted their price objective on shares of Oaktree Specialty Lending from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Oaktree Specialty Lending from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oaktree Specialty Lending presently has a consensus rating of “Hold” and an average target price of $20.67.

Oaktree Specialty Lending Price Performance

Shares of OCSL stock opened at $19.20 on Monday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.24 and a quick ratio of 0.24. The company has a market capitalization of $1.56 billion, a PE ratio of 14.33 and a beta of 1.06. The firm’s 50-day moving average is $19.52 and its two-hundred day moving average is $19.95. Oaktree Specialty Lending has a 12 month low of $18.09 and a 12 month high of $21.64.

Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $99.66 million. During the same quarter in the prior year, the firm earned $0.62 EPS.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several large investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in shares of Oaktree Specialty Lending by 10.8% during the fourth quarter. Van ECK Associates Corp now owns 1,415,358 shares of the credit services provider’s stock worth $28,902,000 after buying an additional 137,929 shares in the last quarter. Advisors Capital Management LLC acquired a new position in Oaktree Specialty Lending during the 3rd quarter worth approximately $4,626,000. LSV Asset Management increased its position in shares of 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 valued at $22,883,000 after purchasing an additional 66,066 shares during the last quarter. Mirador Capital Partners LP acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at $495,000. Finally, MRP Capital Investments LLC lifted its position in shares of 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 worth $403,000 after purchasing an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.

Insider Transactions at Oaktree Specialty Lending

In other Oaktree Specialty Lending news, Director Phyllis R. Caldwell bought 2,000 shares of Oaktree Specialty Lending stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $20.07 per share, for a total transaction of $40,140.00. Following the acquisition, the director now directly 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 is available at the SEC website. Corporate insiders own 0.29% of the company’s stock.

Oaktree Specialty Lending Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, June 14th. This represents a $2.20 dividend on an annualized basis and a yield of 11.46%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 164.18%.

Oaktree Specialty Lending Company Profile

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.