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 Ratio0.46
Current Ratio0.17
Quick Ratio0.17
Price-To-Earnings
Trailing P/E Ratio9.88
Forward P/E Ratio9.44
P/E Growth4.74
Sales & Book Value
Annual Sales$138.72 million
Price / Sales4.32
Cash Flow$0.4450 per share
Price / Cash Flow9.55
Book Value$6.09 per share
Price / Book0.70
Profitability
EPS (Most Recent Fiscal Year)$0.43
Net Income$46.76 million
Net Margins33.71%
Return on Equity7.18%
Return on Assets3.92%
Miscellaneous
EmployeesN/A
Outstanding Shares140,960,000
Market Cap$606.13 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 declared a quarterly dividend on Friday, November 30th. Investors of record on Monday, December 17th will be paid a dividend of $0.095 per share on Friday, December 28th. This represents a $0.38 dividend on an annualized basis and a yield of 8.94%. The ex-dividend date is Friday, December 14th. View Oaktree Specialty Lending's Dividend History.
How were Oaktree Specialty Lending's earnings last quarter?
Oaktree Specialty Lending Corp (NASDAQ:OCSL) announced its earnings results on Thursday, November, 29th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.01. The credit services provider had revenue of $38.22 million for the quarter, compared to analyst estimates of $34.14 million. Oaktree Specialty Lending had a net margin of 33.71% and a return on equity of 7.18%. 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 targets for Oaktree Specialty Lending's stock. Their predictions range from $5.00 to $6.00. On average, they expect Oaktree Specialty Lending's share price to reach $5.45 in the next twelve months. This suggests a possible upside of 28.2% 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. National Securities analysts commented, " Oaktree posted NII/share of $0.12 for F4Q18, up from $0.10 sequentially Q/Q and two cents above our estimate. The beat was largely attributable to higher prepayment-related income, including fees and acceleration of unamortized OID. The portfolio at cost decreased to $1.61 billion from $1.68 billion on the quarter but total investment income jumped to $38.2mm from $31.9mm Q/Q which is likely explained by the prepayment-related income.
OCSL continues to make good progress on rotating out of the legacy Fifth Street portfolio. At 9/30/18, 76% of the book was defined as “core.” Of the non-core investments, there are $139mm of investments with $99mm on non-accrual status with an average mark of 47%.
TransTrade Operators, with a cost of $23.3mm at 6/30/18, was exited and thus removed from non-accrual status during F4Q18 but Refac Optical Group, with a cost of $41.6mm, was added. The company remains optimistic about Refac’s prospects as the company is in advanced stages of refinancing (Oaktree will not be involved in the refinance). However, even backing out Refac, non-accruals at cost would be $184.2mm or 11.5% of the portfolio.
We continue to expect the market to discount OCSL accordingly, as even performing but inherited loans from Fifth Street will be viewed with much deserved skepticism, in our opinion. We note that this is not in any way a knock on Oaktree, we just have absolutely no confidence in the legacy Fifth Street portfolio and wouldn’t be surprised if more credit issues pop up or existing ones are marked down further.
We are revising our fiscal 2019 NII/share estimate to $0.45 from $0.44 and are rolling out our fiscal 2020 NII/share estimate of $0.47. We are maintaining our NEUTRAL rating and $5 price target." (12/3/2018)
- 2. 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. " (11/27/2018)
Has Oaktree Specialty Lending been receiving favorable news coverage?
Media headlines about OCSL stock have trended somewhat positive this week, according to InfoTrie. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Oaktree Specialty Lending earned a news sentiment score of 2.0 on InfoTrie's scale. They also gave media headlines about the credit services provider a news buzz of 8.0 out of 10, meaning that recent press coverage is very likely to have an impact on the company's share price in the immediate future.
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 variety 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%), Morgan Stanley (0.79%) and BlackRock Inc. (0.40%). 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 institutional 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 institutional investors are buying Oaktree Specialty Lending stock?
OCSL stock was purchased 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, Standard Life Aberdeen plc, Muzinich & Co. Inc., Morgan Stanley and Belpointe Asset Management 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 $4.25.
How big of a company is Oaktree Specialty Lending?
Oaktree Specialty Lending has a market capitalization of $606.13 million and generates $138.72 million in revenue each year. The credit services provider earns $46.76 million in net income (profit) each year or $0.43 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.
