Oaktree Specialty Lending (OCSL) Releases Earnings Results, Misses Expectations By $0.01 EPS
Oaktree Specialty Lending (NASDAQ:OCSL) announced its earnings results on Thursday. The credit services provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.01), Bloomberg Earnings reports. Oaktree Specialty Lending had a negative net margin of 95.68% and a positive return on equity of 6.49%. The business had revenue of $33.88 million for the quarter, compared to the consensus estimate of $35.00 million.
Oaktree Specialty Lending (OCSL) opened at $4.42 on Friday. The stock has a market cap of $614.59, a PE ratio of -4.06, a P/E/G ratio of 5.41 and a beta of 0.02. Oaktree Specialty Lending has a one year low of $3.90 and a one year high of $5.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.22 and a quick ratio of 0.22.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 15th will be paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Wednesday, March 14th. Oaktree Specialty Lending’s payout ratio is -45.87%.
In other news, Director John Frank purchased 28,784 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were bought at an average price of $4.74 per share, for a total transaction of $136,436.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard Ruben purchased 14,550 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average price of $4.82 per share, for a total transaction of $70,131.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 362,534 shares of company stock worth $1,734,287. 0.10% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Comerica Bank bought a new position in Oaktree Specialty Lending in the 4th quarter worth about $109,000. Hillsdale Investment Management Inc. bought a new position in Oaktree Specialty Lending in the 3rd quarter worth about $129,000. Wells Fargo & Company MN bought a new position in Oaktree Specialty Lending in the 4th quarter worth about $173,000. Moody National Bank Trust Division bought a new position in Oaktree Specialty Lending in the 4th quarter worth about $197,000. Finally, Pinebridge Investments L.P. bought a new position in Oaktree Specialty Lending in the 4th quarter worth about $331,000. Institutional investors own 35.70% of the company’s stock.
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Oaktree Specialty Lending Company Profile
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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