Resource Investment Advisors LLC. has acquired a new position in Oaktree Specialty Lending Co. (NASDAQ:OCSL), according to the latest filings with the Securities and Exchange Commission. This institutional investor has purchased 10,460 shares of the credit service provider’s stocks, worth $72,000. Oaktree Specialty Lending, which operates as an alternative asset manager providing financing solutions for small-to-mid-sized businesses, recently reported its quarterly earnings results ending February 7th. The company recorded a net margin of 1.12% and a return on equity of 10.67%. With total revenue of $69.98 million for the quarter, Oaktree Specialty Lending surpassed analysts’ expectations of $67.33 million after posting $0.61 earnings per share; beating the consensus estimate by $0.06 per share.
The core mission driving all pursuits at Oaktree Specialty Lending is partnering for success while fostering growth in private companies. As such, the positive quarterly results indicate that Oaktree Specialty Lending is helping private enterprises overcome hurdles and reach their growth potential under astute management strategies.
Analysts expect that Oaktree Specialty Lending will post 2.52 EPS for the entire year based on its sustained performance trend over recent quarters; thereby assuring investors and clients who have identified it as an attractive investment vehicle unparalleled support on their journey to financial freedom.
In conclusion, Resource Investment Advisors LLC.’s acquisition of new shares in Oaktree Specialty Lending represents its confidence in this enterprise’s ability to provide differential returns as it fosters growth in small-to-mid-sized businesses through astute financing solutions backed by solid business management policies and operational excellence commitments..
