Oaktree Specialty Lending (NASDAQ:OCSL) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.
Oaktree Specialty Lending (NASDAQ:OCSL) last posted its quarterly earnings data on Wednesday, November 29th. The credit services provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05). Oaktree Specialty Lending had a negative net margin of 110.68% and a positive return on equity of 7.40%. The firm had revenue of $35.73 million for the quarter. On average, analysts expect Oaktree Specialty Lending to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Oaktree Specialty Lending (OCSL) opened at $4.94 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.22 and a current ratio of 0.22. Oaktree Specialty Lending has a 1 year low of $3.90 and a 1 year high of $5.91. The firm has a market cap of $704.80, a price-to-earnings ratio of -3.55, a price-to-earnings-growth ratio of 6.06 and a beta of 0.06.
OCSL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Oaktree Specialty Lending from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. BMO Capital Markets reiterated a “hold” rating and set a $4.00 price objective on shares of Oaktree Specialty Lending in a research report on Friday, October 6th. JPMorgan Chase & Co. boosted their price objective on shares of Oaktree Specialty Lending from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $6.00 price objective on shares of Oaktree Specialty Lending in a research report on Monday, October 16th. Finally, Maxim Group reiterated a “hold” rating on shares of Oaktree Specialty Lending in a research report on Tuesday, December 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $5.75.
In related news, Director John Frank purchased 28,784 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were purchased at an average cost of $4.74 per share, for a total transaction of $136,436.16. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Mathew Pendo purchased 12,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was bought at an average price of $4.66 per share, for a total transaction of $55,920.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 362,534 shares of company stock worth $1,734,287. Company insiders own 0.14% of the company’s stock.
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About Oaktree Specialty Lending
Oaktree Specialty Lending Corporation, formerly Fifth Street Finance Corp., is a specialty finance company. The Company is focused on providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company provides companies with flexible financing solutions including first and second lien loans, unsecured and mezzanine loans, and preferred equity.
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