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

Company Overview

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a closed-end, externally managed specialty finance company structured as a business development company (BDC). Launched in 2014, Oaktree Specialty Lending provides customized debt solutions to U.S. middle-market companies, with a focus on senior secured loans, second-lien financings, mezzanine debt and select equity co-investments. The company’s investment strategy centers on floating-rate instruments designed to offer downside protection and income potential in varying interest rate environments.

The firm’s portfolio spans a diverse array of industries, including healthcare, technology, energy, business services and consumer products. By targeting companies with EBITDA typically between $10 million and $100 million, Oaktree Specialty Lending aims to fill financing gaps underserved by traditional lenders. Investments are structured to provide covenant protection, collateral coverage and flexibility for portfolio companies seeking growth capital, acquisitions, recapitalizations or refinancing solutions.

As an affiliate of Oaktree Capital Management, a leading global alternative investment manager, Oaktree Specialty Lending leverages the parent firm’s extensive credit research platform, sector expertise and risk management processes. The company’s management team works in concert with Oaktree’s senior credit professionals to source, underwrite and monitor investments. This affiliation provides access to proprietary deal flow and in-house due diligence capabilities across North America.

Oaktree Specialty Lending is headquartered in Los Angeles, California, and its investments predominantly serve U.S.-based businesses. The company’s board and senior management comprise experienced investment and credit professionals who oversee compliance with the Investment Company Act of 1940 and manage shareholder interests. Through its focus on disciplined credit selection, capital preservation and regular dividend payments, Oaktree Specialty Lending seeks to deliver attractive risk-adjusted returns to its investors over the long term.

Key Stats

• Today's Range: $11.96 to $12.46
• 50-Day Range: $10.78 to $13.12
• 52-Week Range: $10.63 to $14.77
• Volume: 1.62 million shs
• Average Volume: 914,963 shs
• Market Capitalization: $1.07 billion
• P/E Ratio: 33.99
• Dividend Yield: 13.16%
• Price Target: $12.17
• Consensus Rating: Hold

Oaktree Specialty Lending Stock Analysis - MarketRank™

Oaktree Specialty Lending scored higher than 49% of companies evaluated by MarketBeat, and ranked 647th out of 878 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: 1.8 / 5
• Analyst Rating: Hold

Consensus Rating

Oaktree Specialty Lending has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no strong buy ratings, no buy ratings, 6 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Oaktree Specialty Lending is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Oaktree Specialty Lending has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -0.67%

Earnings Growth

Earnings for Oaktree Specialty Lending are expected to decrease by -0.67% in the coming year, from $1.49 to $1.48 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Oaktree Specialty Lending is 33.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.56.

Price to Earnings Ratio vs. Sector

The P/E ratio of Oaktree Specialty Lending is 33.80, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.36.

Price to Book Value per Share Ratio

Oaktree Specialty Lending has a P/B Ratio of 0.73. 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

3.87% 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 2.58, 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 17.73%, 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 12.44%, 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 444.44%. 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 108.11% in the coming year. This indicates that Oaktree Specialty Lending may not be able to sustain their current dividend.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.23

News Sentiment

Oaktree Specialty Lending has a news sentiment score of 0.23. 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 0.71 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Oaktree Specialty Lending this week, compared to 2 articles on an average week.

Search Interest

Only 5 people have searched for OCSL on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Oaktree Specialty Lending to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Cluster Insider Buying

2 insiders have purchased shares of Oaktree Specialty Lending in the last three months. Multiple insiders buying is a strong bullish signal.

Net Insider Buying

Over the last three months, insiders have purchased a net $48,485.00 in company stock, which represents 0.0045% of the company's market cap.

Insider Buying vs. Insider Selling

In the past three months, Oaktree Specialty Lending insiders have bought more of their company's stock than they have sold. Specifically, they have bought $48,485.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

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

Percentage Held by Institutions

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 $12.74 on January 1st, 2026. Since then, OCSL shares have decreased by 4.4% and is now trading at $12.1750.

How were Oaktree Specialty Lending's earnings last quarter?

Oaktree Specialty Lending Corp. (NASDAQ:OCSL) issued its quarterly earnings results on Tuesday, May, 5th. The credit services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The credit services provider had revenue of $69.74 million for the quarter, compared to analyst estimates of $74.35 million. Oaktree Specialty Lending had a trailing twelve-month return on equity of 9.75% and a net margin of 10.58%.
Read the conference call transcript.

When did Oaktree Specialty Lending's stock split?

Oaktree Specialty Lending's stock reverse split on the morning of 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.

Who are Oaktree Specialty Lending's major shareholders?

Oaktree Specialty Lending's top institutional investors include BI Asset Management Fondsmaeglerselskab A S (0.27%), Sound Income Strategies LLC (0.06%), Cornerstone Advisory LLC (0.05%) and TrueMark Investments LLC (0.03%). Insiders that own company stock include Craig A Jacobson, Deborah Ann Gero, Phyllis R Caldwell and Armen Panossian.
View institutional ownership trends.

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.

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

• Record date for 3/31 Dividend: 3/16/2026
• Ex-Dividend for 3/31 Dividend: 3/16/2026
• Dividend Payable: 3/31/2026
• Today: 5/05/2026
• Last Earnings: 5/05/2026
• Next Earnings (Confirmed): 5/05/2026
• Fiscal Year End: 9/30/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: FIN - MISC SVCS
• Sub-Industry: Asset Management & Custody Banks
• Current Symbol: NASDAQ:OCSL
• CIK: 1414932
• Web: www.oaktreespecialtylending.com
• Phone: (213) 830-6300
• Fax: 203-681-3879
• Employees: N/A
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Oaktree Specialty Lending: $12.17
• High Price Target: $14.00
• Low Price Target: $10.50
• Potential Upside/Downside: +0.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 6 Analysts

Profitability

• EPS (Trailing Twelve Months): $0.36
• Trailing P/E Ratio: 33.65
• Forward P/E Ratio: 8.14
• P/E Growth: N/A
• Net Income: $33.92 million
• Net Margins: 10.58%
• Pretax Margin: 10.67%
• Return on Equity: 9.75%
• Return on Assets: 4.70%

Debt

• Debt-to-Equity Ratio: 0.66
• Current Ratio: 0.16
• Quick Ratio: 0.16

Sales & Book Value

• Annual Sales: $30.48 million
• Price / Sales: 35.07
• Cash Flow: $1.71 per share
• Price / Cash Flow: 7.08
• Book Value: $16.64 per share
• Price / Book: 0.73

Miscellaneous

• Outstanding Shares: 88,086,000
• Free Float: 87,831,000
• Market Cap: $1.07 billion
• Optionable: Optionable
• Beta: 0.52