Oaktree Specialty Lending (NASDAQ:OCSL) Releases Quarterly Earnings Results, Hits Expectations

Oaktree Specialty Lending (NASDAQ:OCSL) posted its earnings results on Tuesday. The credit services provider reported $0.54 EPS for the quarter, hitting the consensus estimate 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 Trading Down 0.3 %

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

Oaktree Specialty Lending Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.55 dividend. The ex-dividend date was Monday, December 16th. This represents a $2.20 dividend on an annualized basis and a yield of 13.79%. Oaktree Specialty Lending’s payout ratio is 305.56%.

Analyst Ratings Changes

A number of brokerages have recently commented on OCSL. Oppenheimer reissued a “market perform” rating and set a $18.00 price objective on shares of Oaktree Specialty Lending in a report on Friday, November 22nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $15.00 price target (down previously from $17.00) on shares of Oaktree Specialty Lending in a report on Wednesday, November 20th. StockNews.com upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research note on Wednesday, December 18th. JMP Securities cut shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 19th. Finally, Citizens Jmp lowered Oaktree Specialty Lending from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 19th. 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 company has a consensus 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.