Q3 2024 EPS Estimates for Oaktree Specialty Lending Co. (NASDAQ:OCSL) Decreased by B. Riley

Oaktree Specialty Lending Co. (NASDAQ:OCSL) – B. Riley decreased their Q3 2024 earnings per share (EPS) estimates for shares of Oaktree Specialty Lending in a research report issued to clients and investors on Wednesday, May 1st. B. Riley analyst B. Rowe now anticipates that the credit services provider will earn $0.57 per share for the quarter, down from their prior forecast of $0.58. B. Riley has a “Neutral” rating and a $21.00 price objective on the stock. The consensus estimate for Oaktree Specialty Lending’s current full-year earnings is $2.29 per share. B. Riley also issued estimates for Oaktree Specialty Lending’s FY2024 earnings at $2.28 EPS, Q1 2025 earnings at $0.60 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.55 EPS, Q4 2025 earnings at $0.56 EPS and FY2025 earnings at $2.28 EPS.

Oaktree Specialty Lending (NASDAQ:OCSL) last released its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $94.03 million for the quarter, compared to analyst estimates of $99.66 million. During the same period last year, the company earned $0.62 EPS.

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

Oaktree Specialty Lending Trading Up 0.1 %

NASDAQ:OCSL opened at $19.30 on Friday. The company has a market cap of $1.57 billion, a P/E ratio of 14.40 and a beta of 1.06. The company has a quick ratio of 0.25, a current ratio of 0.24 and a debt-to-equity ratio of 0.59. Oaktree Specialty Lending has a twelve month low of $17.99 and a twelve month high of $21.64. The business has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $19.95.

Institutional Trading of Oaktree Specialty Lending

Several large investors have recently modified their holdings of OCSL. Van ECK Associates Corp increased its stake in shares of Oaktree Specialty Lending by 10.1% in the first quarter. Van ECK Associates Corp now owns 1,557,877 shares of the credit services provider’s stock valued at $30,628,000 after buying an additional 142,519 shares during the period. Claret Asset Management Corp increased its position in Oaktree Specialty Lending by 2.8% in the 1st quarter. Claret Asset Management Corp now owns 1,191,891 shares of the credit services provider’s stock valued at $23,433,000 after acquiring an additional 32,989 shares during the period. Crescent Grove Advisors LLC raised its stake in shares of Oaktree Specialty Lending by 39.1% during the first quarter. Crescent Grove Advisors LLC now owns 26,900 shares of the credit services provider’s stock valued at $529,000 after acquiring an additional 7,557 shares during the last quarter. Plan Group Financial LLC acquired a new position in shares of Oaktree Specialty Lending during the first quarter worth $262,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of Oaktree Specialty Lending in the first quarter worth $142,000. 36.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Phyllis R. Caldwell acquired 2,000 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $20.07 per share, for a total transaction of $40,140.00. Following the transaction, the director now directly owns 11,166 shares of the company’s stock, valued at $224,101.62. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.29% of the company’s stock.

Oaktree Specialty Lending Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 11.40%. The ex-dividend date of this dividend is Friday, June 14th. Oaktree Specialty Lending’s payout ratio is 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.