Equities research analysts predict that Oaktree Specialty Lending Corp (NASDAQ:OCSL) will report sales of $38.69 million for the current quarter, Zacks reports. Three analysts have provided estimates for Oaktree Specialty Lending’s earnings, with the highest sales estimate coming in at $43.91 million and the lowest estimate coming in at $35.77 million. Oaktree Specialty Lending reported sales of $38.22 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is expected to announce its next quarterly earnings report before the market opens on Wednesday, November 20th.
On average, analysts expect that Oaktree Specialty Lending will report full year sales of $153.84 million for the current fiscal year, with estimates ranging from $148.96 million to $163.00 million. For the next year, analysts expect that the company will report sales of $167.24 million, with estimates ranging from $145.88 million to $194.00 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Oaktree Specialty Lending.
Oaktree Specialty Lending (NASDAQ:OCSL) last issued its quarterly earnings results on Wednesday, August 7th. The credit services provider reported $0.12 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.12. Oaktree Specialty Lending had a return on equity of 7.66% and a net margin of 96.11%. The company had revenue of $36.67 million during the quarter, compared to analysts’ expectations of $39.57 million.
Shares of OCSL opened at $5.20 on Wednesday. The stock has a 50-day moving average of $5.17 and a two-hundred day moving average of $5.30. Oaktree Specialty Lending has a one year low of $4.08 and a one year high of $5.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market cap of $730.88 million, a P/E ratio of 12.09, a P/E/G ratio of 5.13 and a beta of 0.51.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.095 per share. The ex-dividend date was Thursday, September 12th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.31%. Oaktree Specialty Lending’s payout ratio is currently 88.37%.
In other Oaktree Specialty Lending news, major shareholder Leonard M. Tannenbaum sold 22,725 shares of Oaktree Specialty Lending stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $5.26, for a total transaction of $119,533.50. Company insiders own 0.16% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in shares of Oaktree Specialty Lending in the first quarter worth approximately $1,107,000. DNB Asset Management AS raised its holdings in shares of Oaktree Specialty Lending by 2.0% in the second quarter. DNB Asset Management AS now owns 130,200 shares of the credit services provider’s stock worth $706,000 after buying an additional 2,600 shares during the period. Raymond James Trust N.A. purchased a new stake in shares of Oaktree Specialty Lending in the second quarter worth approximately $62,000. Triad Investment Management increased its holdings in Oaktree Specialty Lending by 24.1% during the 2nd quarter. Triad Investment Management now owns 594,703 shares of the credit services provider’s stock worth $3,223,000 after purchasing an additional 115,392 shares during the period. Finally, Fox Run Management L.L.C. purchased a new position in Oaktree Specialty Lending during the 2nd quarter worth $58,000. Institutional investors and hedge funds own 50.04% of the company’s stock.
About Oaktree Specialty Lending
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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