Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity. The company acts as a business development company. The Company serves various industries, including Internet software and services, healthcare services, multi-sector holdings, advertising, healthcare equipment, pharmaceuticals, construction and engineering, research and consulting services, and industrial machinery. The Company's investment advisor is Oaktree Capital Management, L.P.
Industry, Sector and Symbol
Industry Personal credit institutions
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:OCSL
CUSIP31678A10
Phone213-830-6300
Debt
Debt-to-Equity Ratio0.48
Current Ratio0.16
Quick Ratio0.16
Price-To-Earnings
Trailing P/E Ratio9.18
Forward P/E Ratio11.70
P/E Growth5.95
Sales & Book Value
Annual Sales$177.96 million
Price / Sales3.71
Cash Flow$0.5538 per share
Price / Cash8.45
Book Value$6.16 per share
Price / Book0.76
Profitability
EPS (Most Recent Fiscal Year)$0.51
Net Income$-196,960,000.00
Net Margins-95.34%
Return on Equity6.74%
Return on Assets3.65%
Miscellaneous
EmployeesN/A
Outstanding Shares140,960,000
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 Tuesday, May 8th. Stockholders of record on Friday, June 15th will be given a dividend of $0.095 per share on Friday, June 29th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 8.12%. The ex-dividend date is Thursday, June 14th. This is an increase from Oaktree Specialty Lending's previous quarterly dividend of $0.09. View Oaktree Specialty Lending's Dividend History.
How were Oaktree Specialty Lending's earnings last quarter?
Oaktree Specialty Lending Corp (NASDAQ:OCSL) announced its quarterly earnings results on Tuesday, May, 8th. The credit services provider reported $0.11 EPS for the quarter, topping the Zacks' consensus estimate of $0.09 by $0.02. The credit services provider had revenue of $34.78 million for the quarter, compared to the consensus estimate of $31.72 million. Oaktree Specialty Lending had a positive return on equity of 6.74% and a negative net margin of 95.34%. View Oaktree Specialty Lending's Earnings History.
When is Oaktree Specialty Lending's next earnings date?
What price target have analysts set for OCSL?
7 analysts have issued 1 year price targets for Oaktree Specialty Lending's stock. Their forecasts range from $4.00 to $6.50. On average, they anticipate Oaktree Specialty Lending's share price to reach $5.4167 in the next twelve months. 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. " (6/12/2018)
- 2. National Securities analysts commented, "• Oaktree posted NII/share of $0.11 versus our estimate of $0.10. The company subsequently raised the quarterly dividend by a penny to $0.095/share and we expect that next fiscal year there will be another increase.
• The tailwind for growth is the continued rotation out of non-core assets from the Fifth Street acquisition, which are down to 43% of the portfolio at 3/31/18. Management stated that they believe this will be about one third of the portfolio by 6/30/18. We think it’s reasonable to expect the rotation to be complete by the end of calendar 2018 which would improve total effective yields and NIM.
• Thus far, OCSL has monetized $357 million of legacy investments which includes another $122 million in fiscal 2Q18. Additionally, OCSL had a significant $223 million of commitments during the quarter with over 70% of them being co-invested across other Oaktree funds.
• The company has not pursued the increased leverage available given the mix of first and second lien assets as well as the JV. We think this is a smart move and shows that the company is cognizant of the inherent economic leverage of the JV, and an overall portfolio with a little over half of it in first lien debt.
• Non-accruals at amortized cost (which includes PIK non-accruals) were down modestly in part due to partial monetization of Ameritox on the quarter to $214.22 million or 12.9% of the portfolio from $228.4 million or 13.6% of the portfolio Q/Q.
• We are revising our fiscal 2018 NII/share estimate to $0.43 from $0.40 and our fiscal 2019 NII/share estimate to $0.46 from $0.42. " (5/9/2018)
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:
- John B. Frank, Chairman of the Board (Age 61)
- Edgar Lee, Chief Executive Officer, Chief Investment Officer (Age 41)
- Mel Carlisle, Chief Financial Officer (Age 49)
- Mathew M. Pendo, Chief Operating Officer (Age 54)
- Kimberly Larin, Chief Compliance Officer (Age 49)
- Marc H. Gamsin, Lead Independent Director
- Richard P. Dutkiewicz CPA, Independent Director (Age 61)
- Craig Jacobson, Independent Director
- Richard G. Ruben, Independent Director
- Bruce Zimmerman, Independent Director
Has Oaktree Specialty Lending been receiving favorable news coverage?
Media headlines about OCSL stock have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oaktree Specialty Lending earned a media sentiment score of 0.05 on Accern's scale. They also gave headlines about the credit services provider an impact score of 44.47 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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 Springhouse Capital Management LP (5.61%), River Road Asset Management LLC (4.28%), Private Management Group Inc. (3.21%), Hilton Capital Management LLC (1.98%), Bruni J V & Co. Co. (1.39%) and Muzinich & Co. Inc. (1.26%). Company insiders that own Oaktree Specialty Lending stock include Bernard D Berman, Byron J Haney, Craig A Jacobson, James Castro-Blanco, John Frank, Leonard M Tannenbaum, Marc Gamsin, Mathew Pendo, 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 Muzinich & Co. Inc., Clear Harbor Asset Management LLC, UBS Group AG, River Road Asset Management LLC, Van ECK Associates Corp, PVG Asset Management Corp, BlackRock Inc. and Guggenheim Capital LLC. Company insiders that have sold Oaktree Specialty Lending company stock in the last year include Bernard D Berman and Leonard M Tannenbaum. View Insider Buying and Selling for Oaktree Specialty Lending.
Which major investors are buying Oaktree Specialty Lending stock?
OCSL stock was purchased by a variety of institutional investors in the last quarter, including Private Management Group Inc., Bruni J V & Co. Co., The Manufacturers Life Insurance Company , Arnhold LLC, Brinker Capital Inc., Partners Group Holding AG, Hilton Capital Management LLC and BB&T Securities LLC. Company insiders that have bought Oaktree Specialty Lending stock in the last two years include Bernard D Berman, Byron J Haney, Craig A Jacobson, James Castro-Blanco, John Frank, Leonard M Tannenbaum, Marc Gamsin, Mathew Pendo, 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 $4.68.
How big of a company is Oaktree Specialty Lending?
Oaktree Specialty Lending has a market capitalization of $665.34 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.
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 (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.
