Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies. The fund seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies with enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Personal credit institutions
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:OCSL
Previous Symbol
CUSIP31678A10
Phone213-830-6300
Debt
Debt-to-Equity Ratio0.47
Current Ratio0.26
Quick Ratio0.26
Price-To-Earnings
Trailing P/E Ratio8.78
Forward P/E Ratio10.93
P/E Growth4.98
Sales & Book Value
Annual Sales$177.96 million
Price / Sales3.55
Cash Flow$0.5497 per share
Price / Cash8.15
Book Value$6.16 per share
Price / Book0.73
Profitability
EPS (Most Recent Fiscal Year)$0.51
Net Income$-196,960,000.00
Net Margins-82.24%
Return on Equity6.50%
Return on Assets3.52%
Miscellaneous
EmployeesN/A
Outstanding Shares140,960,000
Market Cap$641.37 million
OptionableOptionable
Oaktree Specialty Lending (NASDAQ:OCSL) Frequently Asked Questions
What is Oaktree Specialty Lending's stock symbol?
Oaktree Specialty Lending trades on the NASDAQ under the ticker symbol "OCSL."
How often does Oaktree Specialty Lending pay dividends? What is the dividend yield for Oaktree Specialty Lending?
Oaktree Specialty Lending announced a quarterly dividend on Wednesday, August 8th. Investors of record on Saturday, September 15th will be given a dividend of $0.095 per share on Friday, September 28th. This represents a $0.38 dividend on an annualized basis and a yield of 8.48%. The ex-dividend date of this dividend is Thursday, September 13th. View Oaktree Specialty Lending's Dividend History.
How were Oaktree Specialty Lending's earnings last quarter?
Oaktree Specialty Lending Corp (NASDAQ:OCSL) issued its quarterly earnings data on Wednesday, August, 8th. The credit services provider reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.10 by $0.00. The credit services provider earned $31.85 million during the quarter, compared to the consensus estimate of $32.43 million. Oaktree Specialty Lending had a positive return on equity of 6.50% and a negative net margin of 82.24%. View Oaktree Specialty Lending's Earnings History.
When is Oaktree Specialty Lending's next earnings date?
What price target have analysts set for OCSL?
6 brokers have issued 12 month price objectives for Oaktree Specialty Lending's stock. Their forecasts range from $5.00 to $6.00. On average, they anticipate Oaktree Specialty Lending's share price to reach $5.40 in the next year. This suggests a possible upside of 20.5% from the stock's current price. View Analyst Price Targets for Oaktree Specialty Lending.
What is the consensus analysts' recommendation for Oaktree Specialty Lending?
6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oaktree Specialty Lending in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Oaktree Specialty Lending.
What are Wall Street analysts saying about Oaktree Specialty Lending stock?
Here are some recent quotes from research analysts about Oaktree Specialty Lending stock:
- 1. According to Zacks Investment Research, "Oaktree Specialty Lending Corporation is a specialty finance company. It provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company generates current income and capital appreciation by providing companies with flexible and innovative financing solutions including first and second lien loans, unsecured and mezzanine loans and preferred equity. Oaktree Specialty Lending Corporation, formerly known as Fifth Street Finance Corp., is based in CA, United States. " (11/14/2018)
- 2. National Securities analysts commented, " Oaktree earned $0.10 for the 6/30/18 quarter versus our estimate of $0.11 and the quarterly dividend of $0.095/share which was held flat with the quarter prior.
The company continues to rotate out of legacy Fifth street assets at a brisk pace with $536.0 million in non-core assets exited at par or above marks. Of this total $179.0 million was sold alone in fiscal 3Q18 with $42.0 million of the total being non-interest bearing, with $135.0 million of non-interest-bearing assets remaining.
The ability to roll non-interest-bearing assets into direct originations bodes well for earnings going forward. Additionally, Oaktree had $409.0 million in originations versus $228.4 million of repayments but most of the asset repayments and sales occurred earlier in the quarter with most originations coming later in the quarter. As such, interest income should pick up going forward.
The biggest drag on the company by far is the troubled portion of the inherited Fifth Street portfolio and the possibility that assets not currently on non-accrual that were inherited will eventually placed there. Despite robust restructuring and workout platforms on Oaktree’s platform we note that there is likely a long timeline of when these assets get worked out. We think Oaktree has done a good job valuing their book but there is likely a lot of uncertainty surrounding the shoddy underwriting that was the norm at Fifth Street. That is on top of a portfolio with some very concentrated positions.
We expect these factors to weigh on the multiple the stock trades at despite the potential earnings tailwinds, many of which we believe will be recognized in fiscal 2H19.
We are maintaining revising our fiscal 2018 NII/share estimate to $0.40 from $0.43 and our fiscal 2019 NII/share estimate to $0.44 from $0.36. and maintaining our NEUTRAL rating and $5 price target." (8/13/2018)
Has Oaktree Specialty Lending been receiving favorable news coverage?
News headlines about OCSL stock have been trending neutral this week, InfoTrie reports. The research group identifies negative and positive press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Oaktree Specialty Lending earned a news impact score of 0.5 on InfoTrie's scale. They also gave news stories about the credit services provider a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the next few days.
Who are some of Oaktree Specialty Lending's key competitors?
Who are Oaktree Specialty Lending's key executives?
Oaktree Specialty Lending's management team includes the folowing people:
- Mr. Sandeep Kumar Khorana, Managing Director of Origination (Age 45)
- Mr. Edgar Lee, Chief Exec. Officer & Chief Investment Officer (Age 42)
- Mr. Mel Carlisle CPA, Chief Financial Officer & Treasurer (Age 49)
- Mr. Mathew M. Pendo, Chief Operating Officer (Age 54)
- Ms. Robyn E. Friedman, Exec. Director and Head of Investor Relations
Who are Oaktree Specialty Lending's major shareholders?
Oaktree Specialty Lending's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include River Road Asset Management LLC (4.94%), Hilton Capital Management LLC (2.81%), Muzinich & Co. Inc. (1.36%), LSV Asset Management (1.28%), BlackRock Inc. (0.40%) and Freestone Capital Holdings LLC (0.30%). Company insiders that own Oaktree Specialty Lending stock include Bernard D Berman, Bruce Zimmerman, Byron J Haney, Craig A Jacobson, James Castro-Blanco, John Frank, Leonard M Tannenbaum, Marc Gamsin, Mathew Pendo, Melvin Carlisle, Oaktree Capital Management Lp, Patrick J Dalton, Richard P Dutkiewicz, Richard Ruben, Sandeep K Khorana and Steven M Noreika. View Institutional Ownership Trends for Oaktree Specialty Lending.
Which major investors are selling Oaktree Specialty Lending stock?
OCSL stock was sold by a variety of institutional investors in the last quarter, including Freestone Capital Holdings LLC, GSA Capital Partners LLP, Garner Asset Management Corp, LSV Asset Management, American National Registered Investment Advisor Inc., Moody National Bank Trust Division, Bailard Inc. and DNB Asset Management AS. View Insider Buying and Selling for Oaktree Specialty Lending.
Which major investors are buying Oaktree Specialty Lending stock?
OCSL stock was acquired by a variety of institutional investors in the last quarter, including Hilton Capital Management LLC, Wells Fargo & Company MN, River Road Asset Management LLC, Standard Life Aberdeen plc, Muzinich & Co. Inc., Pitcairn Co., Connor Clark & Lunn Investment Management Ltd. and Lido Advisors LLC. Company insiders that have bought Oaktree Specialty Lending stock in the last two years include Bernard D Berman, Bruce Zimmerman, Byron J Haney, Craig A Jacobson, James Castro-Blanco, John Frank, Leonard M Tannenbaum, Marc Gamsin, Mathew Pendo, Melvin Carlisle, Oaktree Capital Management Lp, Patrick J Dalton, Richard P Dutkiewicz, Richard Ruben, Sandeep K Khorana and Steven M Noreika. View Insider Buying and Selling for Oaktree Specialty Lending.
How do I buy shares of Oaktree Specialty Lending?
Shares of OCSL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Oaktree Specialty Lending's stock price today?
One share of OCSL stock can currently be purchased for approximately $4.48.
How big of a company is Oaktree Specialty Lending?
Oaktree Specialty Lending has a market capitalization of $641.37 million and generates $177.96 million in revenue each year. The credit services provider earns $-196,960,000.00 in net income (profit) each year or $0.51 on an earnings per share basis.
What is Oaktree Specialty Lending's official website?
How can I contact Oaktree Specialty Lending?
Oaktree Specialty Lending's mailing address is 333 SOUTH GRAND AVENUE 28TH FLOOR, LOS ANGELES CA, 90071. The credit services provider can be reached via phone at 213-830-6300 or via email at [email protected]
MarketBeat Community Rating for Oaktree Specialty Lending (NASDAQ OCSL)
MarketBeat's community ratings are surveys of what our community members think about Oaktree Specialty Lending and other stocks. Vote "Outperform" if you believe OCSL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe OCSL will underperform the S&P 500 over the long term. You may vote once every thirty days.
