Oaktree Specialty Lending (OCSL) Releases Earnings Results, Beats Estimates By $0.01 EPS

Oaktree Specialty Lending (NASDAQ:OCSL) issued its quarterly earnings data on Thursday. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01, MarketWatch Earnings reports. Oaktree Specialty Lending had a net margin of 33.71% and a return on equity of 7.18%. The firm had revenue of $38.28 million for the quarter, compared to the consensus estimate of $36.80 million.

NASDAQ OCSL traded up $0.19 on Friday, hitting $5.25. The company had a trading volume of 770,076 shares, compared to its average volume of 316,825. Oaktree Specialty Lending has a 12-month low of $4.08 and a 12-month high of $5.14. The firm has a market cap of $699.16 million, a PE ratio of 12.21, a PEG ratio of 5.59 and a beta of 0.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.17 and a current ratio of 0.17.

Several institutional investors have recently added to or reduced their stakes in OCSL. Bank of New York Mellon Corp boosted its position in shares of Oaktree Specialty Lending by 572.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 99,287 shares of the credit services provider’s stock valued at $474,000 after acquiring an additional 84,532 shares during the last quarter. Millennium Management LLC lifted its position in Oaktree Specialty Lending by 63.1% during the second quarter. Millennium Management LLC now owns 1,145,485 shares of the credit services provider’s stock valued at $5,475,000 after purchasing an additional 443,222 shares during the period. California Public Employees Retirement System purchased a new position in shares of Oaktree Specialty Lending in the 2nd quarter worth approximately $147,000. Laurel Grove Capital LLC grew its position in shares of Oaktree Specialty Lending by 3.1% in the 3rd quarter. Laurel Grove Capital LLC now owns 371,001 shares of the credit services provider’s stock worth $1,840,000 after buying an additional 11,151 shares during the last quarter. Finally, Ramsey Quantitative Systems boosted its stake in Oaktree Specialty Lending by 54.0% in the 3rd quarter. Ramsey Quantitative Systems now owns 32,066 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 11,250 shares in the last quarter. 43.88% of the stock is owned by institutional investors and hedge funds.



OCSL has been the topic of a number of analyst reports. National Securities reaffirmed a “neutral” rating and issued a $5.00 price objective on shares of Oaktree Specialty Lending in a research report on Monday, December 3rd. Zacks Investment Research cut shares of Oaktree Specialty Lending from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. JMP Securities lifted their target price on shares of Oaktree Specialty Lending from $5.50 to $5.75 and gave the stock a “market outperform” rating in a research note on Monday, December 17th. TheStreet upgraded shares of Oaktree Specialty Lending from a “c+” rating to a “b” rating in a research note on Monday. Finally, ValuEngine raised shares of Oaktree Specialty Lending from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $5.79.

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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.

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Earnings History for Oaktree Specialty Lending (NASDAQ:OCSL)

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