Oaktree Specialty Lending (OCSL) Stock Price, News & Analysis

Company Overview

Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering. The firm also seeks investment in media, advertising sectors, software, IT services, pharmaceuticals, biotechnology, real estate management and development, chemicals, machinery, and internet and direct marketing retail sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies. The firm invest in companies having enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies.

Key Stats

• Today's Range: $15.16 to $15.26
• 50-Day Range: $14.99 to $16.61
• 52-Week Range: $14.95 to $21.64
• Volume: 84,790 shs
• Average Volume: 693,754 shs
• Market Capitalization: $1.25 billion
• P/E Ratio: 21.11
• Dividend Yield: 14.47%
• Price Target: $16.75
• Consensus Rating: Reduce

Oaktree Specialty Lending Stock Analysis - MarketRank™

Oaktree Specialty Lending scored higher than 41% of companies evaluated by MarketBeat, and ranked 712th out of 948 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Oaktree Specialty Lending has received a consensus rating of Reduce. The company's average rating score is 1.86, and is based on no buy ratings, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Oaktree Specialty Lending has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: -7.04%

Earnings Growth

Earnings for Oaktree Specialty Lending are expected to decrease by -7.04% in the coming year, from $2.13 to $1.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Oaktree Specialty Lending is 21.19, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.58.

Price to Earnings Ratio vs. Sector

The P/E ratio of Oaktree Specialty Lending is 21.19, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 24.87.

Price to Book Value per Share Ratio

Oaktree Specialty Lending has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.18% of the float of Oaktree Specialty Lending has been sold short.

Short Interest Ratio / Days to Cover

Oaktree Specialty Lending has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Oaktree Specialty Lending has recently increased by 5.71%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Oaktree Specialty Lending is a leading dividend payer. It pays a dividend yield of 14.46%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Oaktree Specialty Lending does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Oaktree Specialty Lending is 305.56%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Oaktree Specialty Lending will have a dividend payout ratio of 111.11% in the coming year. This indicates that Oaktree Specialty Lending may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.18% of the float of Oaktree Specialty Lending has been sold short.

Short Interest Ratio / Days to Cover

Oaktree Specialty Lending has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Oaktree Specialty Lending has recently increased by 5.71%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.07

News Sentiment

Oaktree Specialty Lending has a news sentiment score of 0.07. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Oaktree Specialty Lending this week, compared to 3 articles on an average week.

Search Interest

19 people have searched for OCSL on MarketBeat in the last 30 days. This is an increase of 36% compared to the previous 30 days.

MarketBeat Follows

18 people have added Oaktree Specialty Lending to their MarketBeat watchlist in the last 30 days. This is an increase of 500% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Oaktree Specialty Lending insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.29% of the stock of Oaktree Specialty Lending is held by insiders.

Percentage Held by Institutions

Only 36.79% of the stock of Oaktree Specialty Lending is held by institutions.

OCSL Stock Analysis - Frequently Asked Questions

How have OCSL shares performed this year?

Oaktree Specialty Lending's stock was trading at $20.42 at the start of the year. Since then, OCSL shares have decreased by 25.3% and is now trading at $15.26.
View the best growth stocks for 2024 here.

How were Oaktree Specialty Lending's earnings last quarter?

Oaktree Specialty Lending Co. (NASDAQ:OCSL) released its earnings results on Tuesday, April, 30th. The credit services provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by $0.01. The credit services provider earned $94.03 million during the quarter, compared to analysts' expectations of $99.66 million. Oaktree Specialty Lending had a net margin of 15.17% and a trailing twelve-month return on equity of 11.91%.

When did Oaktree Specialty Lending's stock split?

Shares of Oaktree Specialty Lending reverse split before market open on Monday, January 23rd 2023. The 1-3 reverse split was announced on Monday, January 23rd 2023. The number of shares owned by shareholders was adjusted after the closing bell on Monday, January 23rd 2023. An investor that had 100 shares of stock prior to the reverse split would have 33 shares after the split.

How do I buy shares of Oaktree Specialty Lending?

Shares of OCSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Oaktree Specialty Lending own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Oaktree Specialty Lending investors own include Rithm Capital (RITM), Ares Capital (ARCC), Hercules Capital (HTGC), Energy Transfer (ET), Enterprise Products Partners (EPD), Main Street Capital (MAIN) and AGNC Investment (AGNC).

Company Calendar

• Last Earnings: 4/30/2024
• Ex-Dividend for 12/31 Dividend: 12/16/2024
• Today: 12/30/2024
• Dividend Payable: 12/31/2024
• Fiscal Year End: 9/30/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Personal credit institutions
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:OCSL
• CUSIP: 31678A10
• CIK: 1414932
• Web: www.oaktreespecialtylending.com
• Phone: (213) 830-6300
• Fax: 203-681-3879
• Employees: N/A
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $16.75
• High Stock Price Target: $20.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +9.8%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.86
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.72
• Trailing P/E Ratio: 21.19
• Forward P/E Ratio: 7.16
• P/E Growth: N/A
• Net Income: $57.90 million
• Net Margins: 15.17%
• Pretax Margin: 15.14%
• Return on Equity: 11.91%
• Return on Assets: 5.48%

Debt

• Debt-to-Equity Ratio: 0.62
• Current Ratio: 0.19
• Quick Ratio: 0.19

Sales & Book Value

• Annual Sales: $57.61 million
• Price / Sales: 21.78
• Cash Flow: $2.12 per share
• Price / Cash Flow: 7.20
• Book Value: $18.09 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 82,245,000
• Free Float: 82,006,000
• Market Cap: $1.26 billion
• Optionable: Optionable
• Beta: 1.07