Oaktree Specialty Lending

Oaktree Specialty Lending reported adjusted earnings of $0.34 per share and revenue of $69.43 million for Q3, narrowly missing consensus expectations. Net asset value remained steady at $15.70, the non-accrual rate fell to 1.8%, and liquidity stood at roughly $700 million with net leverage of 1.02x. New debt investments delivered a weighted average yield of 10.0%; realized losses of $50 million were largely from older positions. Management emphasizes a defensive balance-sheet positioning and sees opportunities from maturing leveraged-buyout liabilities in the coming years. » More on de.investing.com

Analysts estimate that Oaktree Specialty Lending generated earnings of $0.358 per share in the most recent quarter (prior year: $0.440). Revenue is expected to average $69.4 million, 12.23% above last year’s $61.8 million. For the fiscal year, analysts forecast a mean earnings per share of $1.50 versus $0.39 in the prior year and revenue of about $284.4 million (prior year: $299.7 million). » More on finanzen.net

The roughly $7 billion Oaktree Strategic Credit Fund saw redemption requests of 4.5% in the second quarter, below the quarterly limit of 5%. The fund was able to meet all payouts, while some competitors had to restrict redemptions. Oaktree notes that investors are becoming more selective in the current market phase and are focusing on disciplined underwriting and portfolio management experience. » More on de.investing.com