Oaktree Specialty Lending (NASDAQ:OCSL) Announces Earnings Results, Misses Expectations By $0.02 EPS

Oaktree Specialty Lending (NASDAQ:OCSL) issued its quarterly earnings data on Tuesday. The credit services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.02), FiscalAI reports. The company had revenue of $69.15 million during the quarter, compared to the consensus estimate of $69.40 million. Oaktree Specialty Lending had a net margin of 16.66% and a return on equity of 9.56%.

Oaktree Specialty Lending Stock Down 0.7%

Shares of Oaktree Specialty Lending stock traded down $0.09 on Wednesday, reaching $12.04. 725,488 shares of the company were exchanged, compared to its average volume of 777,640. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 21.11 and a beta of 0.49. Oaktree Specialty Lending has a one year low of $10.63 and a one year high of $14.31. The company has a 50-day moving average of $11.91 and a 200 day moving average of $11.95. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.68.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Oppenheimer set a $13.00 price objective on Oaktree Specialty Lending in a research report on Wednesday, May 6th. Weiss Ratings lowered Oaktree Specialty Lending from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Saturday. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Oaktree Specialty Lending currently has an average rating of “Reduce” and a consensus price target of $11.83.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of OCSL. Running Point Capital Advisors LLC grew its holdings in Oaktree Specialty Lending by 3.1% during the fourth quarter. Running Point Capital Advisors LLC now owns 28,789 shares of the credit services provider’s stock worth $367,000 after purchasing an additional 877 shares during the period. NewEdge Advisors LLC raised its stake in Oaktree Specialty Lending by 14.0% in the 3rd quarter. NewEdge Advisors LLC now owns 14,787 shares of the credit services provider’s stock valued at $193,000 after acquiring an additional 1,815 shares during the period. Guggenheim Capital LLC lifted its holdings in Oaktree Specialty Lending by 9.1% during the 4th quarter. Guggenheim Capital LLC now owns 39,499 shares of the credit services provider’s stock valued at $503,000 after purchasing an additional 3,309 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Oaktree Specialty Lending during the 4th quarter valued at $42,000. Finally, Tower Research Capital LLC TRC boosted its position in Oaktree Specialty Lending by 1,025.1% during the second quarter. Tower Research Capital LLC TRC now owns 4,163 shares of the credit services provider’s stock worth $57,000 after purchasing an additional 3,793 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Oaktree Specialty Lending Company Profile

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products.