Press coverage about Oaktree Specialty Lending (NASDAQ:OCSL) has been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Oaktree Specialty Lending earned a daily sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the credit services provider an impact score of 46.3437928619549 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several brokerages recently issued reports on OCSL. Maxim Group reissued a “hold” rating on shares of Oaktree Specialty Lending in a research note on Tuesday, December 26th. Zacks Investment Research downgraded Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. BMO Capital Markets reissued a “hold” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a research note on Monday, January 8th. National Securities downgraded Oaktree Specialty Lending from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $7.00 to $5.00 in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on Oaktree Specialty Lending and gave the stock a “hold” rating in a research note on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.57.
Oaktree Specialty Lending (OCSL) remained flat at $$4.32 on Friday. The stock had a trading volume of 639,701 shares, compared to its average volume of 426,415. Oaktree Specialty Lending has a 12-month low of $3.90 and a 12-month high of $5.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $608.95, a PE ratio of -3.96, a P/E/G ratio of 5.89 and a beta of 0.16.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings results on Thursday, February 8th. The credit services provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01). Oaktree Specialty Lending had a positive return on equity of 6.74% and a negative net margin of 95.68%. The firm had revenue of $33.88 million for the quarter, compared to analysts’ expectations of $35.00 million. sell-side analysts predict that Oaktree Specialty Lending will post 0.37 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be paid a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a dividend yield of 7.87%. The ex-dividend date is Wednesday, March 14th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently -31.19%.
In other news, Director Marc Gamsin purchased 35,000 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average cost of $4.39 per share, with a total value of $153,650.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.10% of the stock is owned by company insiders.
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About Oaktree Specialty Lending
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.
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