Oaktree Specialty Lending (NASDAQ:OCSL) Announces Earnings Results

Oaktree Specialty Lending (NASDAQ:OCSL) posted its quarterly earnings results on Tuesday. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.54, Zacks reports. Oaktree Specialty Lending had a net margin of 15.17% and a return on equity of 11.91%.

Oaktree Specialty Lending Stock Performance

NASDAQ OCSL opened at $15.95 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.62. Oaktree Specialty Lending has a twelve month low of $14.89 and a twelve month high of $20.43. The stock has a 50-day moving average of $15.64 and a 200 day moving average of $16.21. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 22.15 and a beta of 1.08.

Oaktree Specialty Lending Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is presently 305.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OCSL. JMP Securities downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. StockNews.com raised shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. Oppenheimer reaffirmed a “market perform” rating and issued a $18.00 price target on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. B. Riley lowered Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 price objective for the company. in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price objective on Oaktree Specialty Lending from $17.00 to $15.50 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $16.75.

About Oaktree Specialty Lending

Oaktree Specialty Lending Corporation is a business development company. The fund 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.