Oaktree Specialty Lending - OCSL Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Oaktree Specialty Lending in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" OCSL shares.
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2 Wall Street research analysts have issued 12 month price objectives for Oaktree Specialty Lending's shares. Their OCSL share price forecasts range from $22.50 to $22.50. On average, they anticipate the company's stock price to reach $22.50 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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Oaktree Specialty Lending's stock was trading at $20.61 at the start of the year. Since then, OCSL stock has decreased by 1.8% and is now trading at $20.24.
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Oaktree Specialty Lending saw a decrease in short interest in January. As of January 15th, there was short interest totaling 914,700 shares, a decrease of 62.5% from the December 31st total of 2,440,000 shares. Based on an average daily volume of 367,600 shares, the days-to-cover ratio is presently 2.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
View our OCSL earnings forecast.

Oaktree Specialty Lending will be holding an earnings conference call on Tuesday, February 7th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6846351".

Oaktree Specialty Lending Co. (NASDAQ:OCSL) announced its quarterly earnings results on Tuesday, November, 15th. The credit services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.03. The credit services provider had revenue of $70.14 million for the quarter, compared to the consensus estimate of $66.46 million. Oaktree Specialty Lending had a trailing twelve-month return on equity of 9.96% and a net margin of 11.13%.

Oaktree Specialty Lending announced a None dividend on Tuesday, November 15th. Investors of record on Thursday, December 15th will be given a dividend of $0.96 per share on Friday, December 30th. This represents a dividend yield of 9.5%. The ex-dividend date is Wednesday, December 14th. This is a boost from the stock's previous None dividend of $0.17.
Read our dividend analysis for OCSL.

Oaktree Specialty Lending (NASDAQ:OCSL) pays an annual dividend of $2.16 per share and currently has a dividend yield of 10.62%. 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 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 449.96%. 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 86.75% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for OCSL.

Oaktree Specialty Lending's stock 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 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 a number of retail and institutional investors. Top institutional investors include Lindbrook Capital LLC (2.27%), Private Management Group Inc. (5.58%), Investment Management of Virginia LLC (0.90%), Waverton Investment Management Ltd (2.66%), Rezny Wealth Management Inc. (0.43%) and Sumitomo Mitsui Trust Holdings Inc. (1.18%). Insiders that own company stock include Armen Panossian, Ashley Pak, Craig A Jacobson, Deborah Ann Gero, Leonard M Tannenbaum, Leonard M Tannenbaum, Mathew Pendo, Melvin Carlisle, Phyllis R Caldwell and Richard Ruben.
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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 $20.24.

Oaktree Specialty Lending (NASDAQ:OCSL) has a market capitalization of $1.24 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 $0.48 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.