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

Oaktree Specialty Lending (NASDAQ:OCSL - Get Free Report) released its quarterly earnings data on Tuesday. The credit services provider reported $0.54 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%. The firm had revenue of $86.65 million for the quarter, compared to the consensus estimate of $91.93 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm's revenue was down 11.6% on a year-over-year basis.

Oaktree Specialty Lending Trading Down 0.5 %

Shares of OCSL stock traded down $0.08 during mid-day trading on Friday, hitting $15.48. 773,473 shares of the company's stock were exchanged, compared to its average volume of 620,492. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 21.49 and a beta of 1.08. The stock has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $16.18. Oaktree Specialty Lending has a fifty-two week low of $14.89 and a fifty-two week 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.40 dividend. The ex-dividend date is Monday, March 17th. This represents a $1.60 annualized dividend and a yield of 10.34%. Oaktree Specialty Lending's dividend payout ratio (DPR) is presently 305.56%.

Analysts Set New Price Targets

OCSL has been the subject of several research reports. JPMorgan Chase & Co. reaffirmed 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 decreased their price objective on shares of Oaktree Specialty Lending from $18.00 to $17.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 20th. Wells Fargo & Company dropped their target price on shares of 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. JMP Securities downgraded shares of Oaktree Specialty Lending from an "outperform" rating to a "market perform" rating in a report on Tuesday, November 19th. Finally, StockNews.com raised shares of Oaktree Specialty Lending from a "sell" rating to a "hold" rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating and seven have given a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $16.75.

Oaktree Specialty Lending Company Profile

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.