Oaktree Specialty Lending Shares Fall 7.1% After 'Performance Challenges' [MarketWatch]
Oaktree Specialty Lending Corporation - Closed End Fund (OCSL)
Last oaktree specialty lending corporation - closed end fund earnings: 2/6 06:00 am
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oaktreespecialtylending.com
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Source: MarketWatch
The stock was down 7.1% to $19.68 in afternoon trading, on pace for its largest percent drop since March 2020. Shares are down 3.5% since the start of the year. Advertisement In the fiscal first quarter, the Los Angeles-based specialty finance company total investment income fell sequentially to $98 million from $101.9 million in the previous quarter, missing the $99.6 million expected by analysts. Chief Executive Armen Panossian said the company experienced "idiosyncratic performance challenges at four portfolio investments." That caused a decline in net asset value and an increase in nonaccrual investments, or a loan that is no longer accruing interest, the company said. "We are drawing upon Oaktree's deep resources and expertise in navigating turnarounds, and we believe we are well-positioned to manage these specific situations and maintain strong overall credit quality," Panossian said. Oaktree Specialty Lending's posted a profit of 14 cents a share, compared with 22 ce
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OCSL
News
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its price target lowered by analysts at JPMorgan Chase & Co. from $21.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Should You Hold Oaktree Specialty Lending Corporation (OCSL)? [Yahoo! Finance]Yahoo! Finance
- Oaktree Specialty Lending Corporation Schedules Second Fiscal Quarter Earnings Conference Call for April 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Oaktree Specialty Lending Corporation Schedules Second Fiscal Quarter Earnings Conference Call for April 30, 2024GlobeNewswire
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $21.00 price target on the stock.MarketBeat
OCSL
Earnings
- 2/1/24 - Miss
OCSL
Sec Filings
- 3/5/24 - Form 8-K
- 2/14/24 - Form 4
- 2/1/24 - Form 8-K
- OCSL's page on the SEC website