Oaktree Specialty Lending (NASDAQ:OCSL) Releases Earnings Results, Misses Expectations By $0.01 EPS

Oaktree Specialty Lending (NASDAQ:OCSL) released its quarterly earnings data on Tuesday. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.01), MarketWatch Earnings reports. Oaktree Specialty Lending had a return on equity of 11.97% and a net margin of 25.00%. During the same period in the previous year, the firm posted $0.54 earnings per share.

Oaktree Specialty Lending Stock Up 0.5 %

OCSL stock opened at $19.96 on Wednesday. The company has a 50 day moving average price of $19.62 and a two-hundred day moving average price of $19.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.12 and a current ratio of 0.12. The stock has a market capitalization of $1.54 billion, a P/E ratio of 16.55 and a beta of 1.14. Oaktree Specialty Lending has a one year low of $17.70 and a one year high of $21.69.

Institutional Investors Weigh In On Oaktree Specialty Lending

Several hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. purchased a new stake in Oaktree Specialty Lending during the first quarter valued at about $71,000. Deutsche Bank AG acquired a new position in shares of Oaktree Specialty Lending in the fourth quarter worth about $39,000. Tower Research Capital LLC TRC grew its stake in Oaktree Specialty Lending by 25.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,408 shares of the credit services provider’s stock valued at $144,000 after purchasing an additional 1,507 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Oaktree Specialty Lending during the 2nd quarter worth approximately $54,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Oaktree Specialty Lending during the 2nd quarter valued at approximately $194,000. Institutional investors and hedge funds own 39.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Hovde Group downgraded shares of Oaktree Specialty Lending from an “outperform” rating to a “market perform” rating and set a $21.00 price objective on the stock. in a report on Friday, August 4th. StockNews.com assumed coverage on Oaktree Specialty Lending in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.90.

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.