Oaktree Specialty Lending (OCSL) Expected to Announce Quarterly Earnings on Tuesday

Oaktree Specialty Lending (NASDAQ:OCSL) will likely be releasing its earnings data before the market opens on Tuesday, February 4th. Analysts expect Oaktree Specialty Lending to post earnings of $0.55 per share and revenue of $91,925.67 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Oaktree Specialty Lending Price Performance

Shares of NASDAQ OCSL opened at $15.81 on Tuesday. The stock has a fifty day simple moving average of $15.63 and a two-hundred day simple moving average of $16.29. Oaktree Specialty Lending has a 1-year low of $14.89 and a 1-year high of $21.56. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.96 and a beta of 1.07. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 13.92%. The ex-dividend date of this dividend was Monday, December 16th. Oaktree Specialty Lending’s dividend payout ratio (DPR) is 305.56%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on OCSL. Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 19th. StockNews.com raised Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $15.00 price objective (down from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. Keefe, Bruyette & Woods reduced their price objective on Oaktree Specialty Lending from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Wednesday, November 20th. Finally, B. Riley downgraded Oaktree Specialty Lending from a “neutral” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.