Oppenheimer Equities Analysts Lift Earnings Estimates for Oaktree Specialty Lending Co. (NASDAQ:OCSL)

Oaktree Specialty Lending Co. (NASDAQ:OCSLGet Rating) – Investment analysts at Oppenheimer lifted their Q1 2023 earnings estimates for shares of Oaktree Specialty Lending in a report issued on Tuesday, November 15th. Oppenheimer analyst M. Penn now expects that the credit services provider will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.19. The consensus estimate for Oaktree Specialty Lending’s current full-year earnings is $0.74 per share. Oppenheimer also issued estimates for Oaktree Specialty Lending’s Q1 2023 earnings at $0.21 EPS, Q2 2023 earnings at $0.22 EPS, Q2 2023 earnings at $0.22 EPS, Q3 2023 earnings at $0.22 EPS, Q3 2023 earnings at $0.22 EPS, Q4 2023 earnings at $0.22 EPS, Q4 2023 earnings at $0.22 EPS, FY2023 earnings at $0.86 EPS, FY2023 earnings at $0.86 EPS, Q1 2024 earnings at $0.21 EPS, Q2 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.22 EPS, Q3 2024 earnings at $0.22 EPS and Q4 2024 earnings at $0.22 EPS.

Several other analysts have also commented on OCSL. B. Riley lifted their price target on shares of Oaktree Specialty Lending from $6.25 to $7.50 and gave the company a “buy” rating in a research report on Wednesday. Hovde Group set a $7.50 price target on shares of Oaktree Specialty Lending in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of Oaktree Specialty Lending from $7.00 to $7.50 and gave the company an “overweight” rating in a research report on Wednesday. Finally, StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Wednesday.

Oaktree Specialty Lending Stock Performance

OCSL opened at $7.10 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.10 and a quick ratio of 0.10. The company’s 50 day simple moving average is $6.45 and its two-hundred day simple moving average is $6.72. Oaktree Specialty Lending has a 1-year low of $5.86 and a 1-year high of $7.81. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 44.38 and a beta of 1.23.

Institutional Trading of Oaktree Specialty Lending

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. M Holdings Securities Inc. grew its stake in shares of Oaktree Specialty Lending by 120.7% in the third quarter. M Holdings Securities Inc. now owns 29,579 shares of the credit services provider’s stock worth $177,000 after acquiring an additional 16,174 shares in the last quarter. Advisory Research Inc. grew its stake in shares of Oaktree Specialty Lending by 1.4% in the third quarter. Advisory Research Inc. now owns 190,635 shares of the credit services provider’s stock worth $1,144,000 after acquiring an additional 2,716 shares in the last quarter. BNP Paribas Arbitrage SNC grew its stake in shares of Oaktree Specialty Lending by 219.5% in the third quarter. BNP Paribas Arbitrage SNC now owns 48,239 shares of the credit services provider’s stock worth $289,000 after acquiring an additional 33,139 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Oaktree Specialty Lending by 6.3% in the third quarter. Neuberger Berman Group LLC now owns 584,321 shares of the credit services provider’s stock worth $3,506,000 after acquiring an additional 34,772 shares in the last quarter. Finally, Putnam Investments LLC acquired a new position in shares of Oaktree Specialty Lending in the third quarter worth $181,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.

Oaktree Specialty Lending Increases Dividend

The company also recently announced a None dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.32 dividend. This is a positive change from Oaktree Specialty Lending’s previous None dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a yield of 9.5%. Oaktree Specialty Lending’s payout ratio is presently 425.00%.

Oaktree Specialty Lending Company Profile

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Oaktree Specialty Lending Corporation is a business development company 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.

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Earnings History and Estimates for Oaktree Specialty Lending (NASDAQ:OCSL)

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