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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oaktree Specialty Lending in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" OCSL shares.
View OCSL analyst ratings or view top-rated stocks.

4 analysts have issued 1-year price objectives for Oaktree Specialty Lending's stock. Their OCSL share price forecasts range from $20.50 to $23.00. On average, they expect the company's stock price to reach $22.20 in the next year. This suggests a possible upside of 18.7% from the stock's current price.
View analysts price targets for OCSL or view top-rated stocks among Wall Street analysts.

Oaktree Specialty Lending's stock was trading at $20.61 at the start of the year. Since then, OCSL stock has decreased by 9.3% and is now trading at $18.70.
View the best growth stocks for 2023 here.

Oaktree Specialty Lending saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,480,000 shares, an increase of 38.3% from the April 30th total of 1,070,000 shares. Based on an average trading volume of 483,200 shares, the short-interest ratio is presently 3.1 days. Approximately 2.0% of the company's shares are sold short.
View Oaktree Specialty Lending's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our OCSL earnings forecast.

Oaktree Specialty Lending Co. (NASDAQ:OCSL) announced its earnings results on Thursday, May, 4th. The credit services provider reported $0.62 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.62. The credit services provider earned $96.30 million during the quarter, compared to analyst estimates of $91.89 million. Oaktree Specialty Lending had a net margin of 3.36% and a trailing twelve-month return on equity of 11.29%. During the same quarter in the previous year, the company posted $0.54 earnings per share.

Oaktree Specialty Lending announced a quarterly dividend on Thursday, May 4th. Stockholders of record on Thursday, June 15th will be given a dividend of $0.55 per share on Friday, June 30th. This represents a $2.20 annualized dividend and a yield of 11.76%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for OCSL.

ETFs with the largest weight of Oaktree Specialty Lending (NASDAQ:OCSL) stock in their portfolio include Putnam BDC Income ETF (PBDC), ProShares Global Listed Private Equity ETF (PEX) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).GraniteShares HIPS US High Income ETF (HIPS).

Oaktree Specialty Lending (NASDAQ:OCSL) pays an annual dividend of $2.20 per share and currently has a dividend yield of 11.76%. OCSL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 2,445.80%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, OCSL will have a dividend payout ratio of 87.65% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OCSL.

Shares of Oaktree Specialty Lending reverse split 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 market closes 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Oaktree Specialty Lending investors own include Prospect Capital (PSEC), Energy Transfer (ET), AGNC Investment (AGNC), Annaly Capital Management (NLY), Ready Capital (RC), Ares Capital (ARCC), AT&T (T), PennantPark Investment (PNNT), PhenixFIN (MCC) and New Residential Investment (NRZ).

Oaktree Specialty Lending trades on the NASDAQ under the ticker symbol "OCSL."

Oaktree Specialty Lending's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bruni J V & Co. Co. (1.97%), Lindbrook Capital LLC (1.77%), LSV Asset Management (1.53%), CLARET ASSET MANAGEMENT Corp (1.41%), Ares Management LLC (1.40%) and Van ECK Associates Corp (1.35%). Insiders that own company stock include Ashley Pak, Christopher Mckown, Deborah Ann Gero, Leonard M Tannenbaum, Leonard M Tannenbaum, Mathew Pendo, Matthew Stewart, Phyllis R Caldwell and Richard Ruben.
View institutional ownership trends.

Shares of OCSL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of OCSL stock can currently be purchased for approximately $18.70.

Oaktree Specialty Lending (NASDAQ:OCSL) has a market capitalization of $1.44 billion and generates $262.52 million in revenue each year. The credit services provider earns $29.22 million in net income (profit) each year or $0.09 on an earnings per share basis.

Oaktree Specialty Lending's mailing address is 333 SOUTH GRAND AVENUE 28TH FLOOR, LOS ANGELES CA, 90071. The official website for the company is www.oaktreespecialtylending.com. The credit services provider can be reached via phone at (213) 830-6300, via email at ocsl-ir@oaktreecapital.com, or via fax at 203-681-3879.