According to Zacks, “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. “
Several other equities analysts have also commented on the stock. National Securities raised shares of Oaktree Specialty Lending from a neutral rating to a buy rating and increased their price objective for the company from $5.00 to $7.00 in a research report on Thursday, February 7th. TheStreet raised shares of Oaktree Specialty Lending from a c+ rating to a b rating in a research report on Monday, February 4th. JMP Securities increased their price objective on shares of Oaktree Specialty Lending from $5.50 to $5.75 and gave the company a market outperform rating in a research report on Monday, December 17th. Finally, ValuEngine raised shares of Oaktree Specialty Lending from a hold rating to a buy rating in a research report on Friday, February 8th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Oaktree Specialty Lending presently has a consensus rating of Buy and an average target price of $5.83.
Shares of Oaktree Specialty Lending stock opened at $5.25 on Friday. The company has a market capitalization of $740.04 million, a P/E ratio of 12.21, a P/E/G ratio of 5.44 and a beta of 0.58. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.45. Oaktree Specialty Lending has a 52 week low of $4.08 and a 52 week high of $5.33.
Oaktree Specialty Lending (NASDAQ:OCSL) last announced its quarterly earnings data on Thursday, February 7th. The credit services provider reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The firm had revenue of $38.28 million during the quarter, compared to analyst estimates of $36.80 million. Oaktree Specialty Lending had a net margin of 73.31% and a return on equity of 7.54%. Analysts expect that Oaktree Specialty Lending will post 0.48 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a $0.095 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.38 annualized dividend and a yield of 7.24%. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 88.37%.
In related news, major shareholder Leonard M. Tannenbaum sold 91,670 shares of the stock in a transaction that occurred on Monday, February 11th. The shares were sold at an average price of $5.25, for a total value of $481,267.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Craig A. Jacobson purchased 19,160 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was acquired at an average price of $5.22 per share, for a total transaction of $100,015.20. The disclosure for this purchase can be found here. In the last quarter, insiders sold 456,133 shares of company stock worth $2,403,438. 0.17% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can grew its stake in shares of Oaktree Specialty Lending by 13.3% during the 4th quarter. Great West Life Assurance Co. Can now owns 35,355 shares of the credit services provider’s stock worth $145,000 after purchasing an additional 4,159 shares during the period. Bayview Asset Management LLC acquired a new stake in shares of Oaktree Specialty Lending during the 4th quarter worth approximately $10,802,000. BlackRock Inc. grew its stake in shares of Oaktree Specialty Lending by 3.6% during the 3rd quarter. BlackRock Inc. now owns 567,992 shares of the credit services provider’s stock worth $2,817,000 after purchasing an additional 19,532 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Oaktree Specialty Lending during the 3rd quarter worth approximately $122,000. Finally, Private Management Group Inc. grew its stake in shares of Oaktree Specialty Lending by 0.9% during the 4th quarter. Private Management Group Inc. now owns 4,793,599 shares of the credit services provider’s stock worth $20,277,000 after purchasing an additional 44,677 shares during the period. Institutional investors own 46.09% of the company’s stock.
Oaktree Specialty Lending Company Profile
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.
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