The price of Oaktree Specialty Lending Corporation (NASDAQ:OCSL) shares last traded on Wall Street fell -3.68% to $19.36.
Based on available information, 8 analysts follow Oaktree Specialty Lending Corporation (NASDAQ:OCSL). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $25.50 and a low of $20.50, we find $22.50. Given the previous closing price of $20.10, this indicates a potential upside of 11.94 percent. OCSL stock price is now -5.58% away from the 50-day moving average and -3.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.49B.
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Among analysts, 0 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $22.75 as their price target over the next twelve months.
With the price target of $6.25, B. Riley Securities recently initiated with Buy rating for Oaktree Specialty Lending Corporation (NASDAQ: OCSL). On June 24, 2021, Oppenheimer recently initiated its ‘Outperform’ rating on the stock quoting a target price of $7.50, while ‘Hovde Group’ rates the stock as ‘Outperform’.
In other news, Pendo Mathew, President bought 680 shares of the company’s stock on Feb 09. The stock was bought for $13,407 at an average price of $19.72. Upon completion of the transaction, the President now directly owns 37,979 shares in the company, valued at $0.74 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 30, Director CALDWELL PHYLLIS R bought 3,800 shares of the business’s stock. A total of $26,448 was incurred on buying the stock at an average price of $6.96. This leaves the insider owning 23,000 shares of the company worth $0.45 million. A total of 4.97% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in OCSL stock. A new stake in Oaktree Specialty Lending Corporation shares was purchased by HRT FINANCIAL LP during the first quarter worth $2,327,000. BI ASSET MANAGEMENT FONDSMAEGLERSELSKAB A/S invested $960,000 in shares of OCSL during the first quarter. In the first quarter, TRUE CAPITAL MANAGEMENT acquired a new stake in Oaktree Specialty Lending Corporation valued at approximately $691,000. FARMER STEVEN PATRICK acquired a new stake in OCSL for approximately $589,000. GREENLAND CAPITAL MANAGEMENT LP purchased a new stake in OCSL valued at around $581,000 in the second quarter. In total, there are 228 active investors with 33.12% ownership of the company’s stock.
A candlestick chart of Oaktree Specialty Lending Corporation (NASDAQ: OCSL) showed a price of $20.05 on Thursday morning. During the past 12 months, Oaktree Specialty Lending Corporation has had a low of $17.25 and a high of $22.38. The fifty day moving average price for OCSL is $20.51 and a two-hundred day moving average price translates $20.28 for the stock.
The latest earnings results from Oaktree Specialty Lending Corporation (NASDAQ: OCSL) was released for Dec, 2022. According to the Credit Services Company, earnings per share came in at $0.61, beating analysts’ expectations of $0.59 by 0.02. This compares to $0.66 EPS in the same period last year. The company reported revenue of $79.18 million for the quarter, compared to $64.94 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 21.92 percent. For the current quarter, analysts expect OCSL to generate $83.36M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/31/2023. Investors who held shares on 03/15/2023 were paid a $0.55 dividend. On an annualized basis, this represents a $2.20 dividend and a 11.36% percent yield. There was an ex-dividend date of 03/14/2023 for this dividend. In terms of dividend payout ratio, OCSL is presently at 406.04%.
Oaktree Specialty Lending Corporation(OCSL) 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, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, media, advertising sectors, software, IT services, pharmaceuticals, biotechnology, real estate management & development, chemicals, machinery, and internet & direct marketing retail 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.
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