Oaktree Specialty Lending (OCSL) Announces Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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Oaktree Specialty Lending (NASDAQ:OCSL) released its quarterly earnings data on Thursday. The credit services provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01, MarketWatch Earnings reports. The business had revenue of $38.28 million for the quarter, compared to analyst estimates of $36.80 million. Oaktree Specialty Lending had a return on equity of 7.61% and a net margin of 73.31%.

Shares of OCSL stock opened at $5.23 on Friday. Oaktree Specialty Lending has a 12 month low of $4.08 and a 12 month high of $5.28. The stock has a market cap of $713.26 million, a PE ratio of 11.24, a PEG ratio of 5.71 and a beta of 0.58. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.46.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date is Thursday, March 14th. Oaktree Specialty Lending’s payout ratio is 88.37%.

Several analysts recently weighed in on OCSL shares. Zacks Investment Research lowered Oaktree Specialty Lending from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. National Securities reaffirmed a “neutral” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a research note on Monday, December 3rd. JMP Securities raised their price objective on Oaktree Specialty Lending from $5.50 to $5.75 and gave the company a “market outperform” rating in a research note on Monday, December 17th. TheStreet raised Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research note on Monday, February 4th. Finally, ValuEngine raised Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $5.79.

Several hedge funds have recently made changes to their positions in the company. Arnhold LLC boosted its stake in shares of Oaktree Specialty Lending by 38.2% during the fourth quarter. Arnhold LLC now owns 663,220 shares of the credit services provider’s stock valued at $2,805,000 after purchasing an additional 183,360 shares in the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of Oaktree Specialty Lending by 83.2% during the fourth quarter. Keeley Teton Advisors LLC now owns 260,850 shares of the credit services provider’s stock valued at $1,103,000 after purchasing an additional 118,440 shares in the last quarter. Lindbrook Capital LLC acquired a new stake in shares of Oaktree Specialty Lending during the fourth quarter valued at about $135,000. Investment Management of Virginia LLC boosted its stake in shares of Oaktree Specialty Lending by 706.8% during the fourth quarter. Investment Management of Virginia LLC now owns 1,259,673 shares of the credit services provider’s stock valued at $5,328,000 after purchasing an additional 1,103,541 shares in the last quarter. Finally, West Family Investments Inc. boosted its stake in shares of Oaktree Specialty Lending by 43.2% during the fourth quarter. West Family Investments Inc. now owns 1,035,721 shares of the credit services provider’s stock valued at $4,381,000 after purchasing an additional 312,556 shares in the last quarter. 43.88% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Further Reading: Quiet Period

Earnings History for Oaktree Specialty Lending (NASDAQ:OCSL)

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