Q3 2024 EPS Estimates for Oaktree Specialty Lending Co. (NASDAQ:OCSL) Reduced by Analyst

Oaktree Specialty Lending Co. (NASDAQ:OCSL - Free Report) - B. Riley decreased their Q3 2024 earnings estimates for shares of Oaktree Specialty Lending in a report issued on Wednesday, May 1st. B. Riley analyst B. Rowe now forecasts that the credit services provider will earn $0.57 per share for the quarter, down from their prior estimate of $0.58. B. Riley currently 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, April 30th. The credit services provider reported $0.56 earnings per share (EPS) 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 business had revenue of $94.03 million for the quarter, compared to analysts' expectations of $99.66 million. During the same period last year, the firm earned $0.62 earnings per share.

OCSL has been the subject of several other research reports. Keefe, Bruyette & Woods cut shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $22.00 to $19.00 in a report on Friday, February 2nd. JMP Securities reissued a "market outperform" rating and issued a $21.00 target price on shares of Oaktree Specialty Lending in a report on Tuesday, March 26th. Wells Fargo & Company raised their price target on Oaktree Specialty Lending from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Monday, January 29th. Finally, JPMorgan Chase & Co. reduced their price objective on 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $20.67.

Oaktree Specialty Lending Stock Up 0.1 %

OCSL stock traded up $0.01 during trading on Friday, hitting $19.30. 602,097 shares of the company's stock were exchanged, compared to its average volume of 652,524. The business has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $19.95. The company has a current ratio of 0.24, a quick ratio of 0.25 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.40 and a beta of 1.06. Oaktree Specialty Lending has a 52-week low of $17.99 and a 52-week high of $21.64.

Institutional Trading of Oaktree Specialty Lending

Several hedge funds and other institutional investors have recently made changes to their positions in OCSL. Cape Investment Advisory Inc. acquired a new stake in Oaktree Specialty Lending in the fourth quarter valued at about $39,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of Oaktree Specialty Lending in the 4th quarter valued at approximately $41,000. Bfsg LLC purchased a new stake in shares of Oaktree Specialty Lending in the fourth quarter valued at approximately $71,000. AdvisorNet Financial Inc grew its holdings in Oaktree Specialty Lending by 21.4% during the fourth quarter. AdvisorNet Financial Inc now owns 5,100 shares of the credit services provider's stock worth $104,000 after acquiring an additional 900 shares during the period. Finally, Adalta Capital Management LLC raised its position in Oaktree Specialty Lending by 28.8% in the third quarter. Adalta Capital Management LLC now owns 6,825 shares of the credit services provider's stock worth $137,000 after acquiring an additional 1,525 shares in the last quarter. Hedge funds and other institutional investors own 36.79% of the company's stock.

Insiders Place Their Bets

In related news, Director Phyllis R. Caldwell bought 2,000 shares of the company's stock in a transaction dated Monday, February 12th. The shares were acquired at an average price of $20.07 per share, with a total value of $40,140.00. Following the completion of the acquisition, the director now owns 11,166 shares in the company, valued at approximately $224,101.62. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.29% of the stock is owned by insiders.

Oaktree Specialty Lending Dividend Announcement

The business also recently disclosed 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. 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 dividend payout ratio 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.