Oaktree Specialty Lending

OCSL

Market cap $1.18B

Overview Fund Activity

13.42 USD

+0.01

0.07%

At close Updated Sep 18, 4:00 PM EDT

Pre-market

After hours

13.46

+0.04

0.3%

1 day

0.07%

5 days

-3.1%

1 month

-1.76%

3 months

-2.68%

6 months

-14.79%

Year to date

-12.34%

1 year

-16.59%

5 years

-8.89%

10 years

-31.29%

About: Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets.

Financials Asset Management

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 2 (+1) [Q2]

56% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 18

21% more repeat investments, than reductions

Existing positions increased: 69 | Existing positions reduced: 57

4% more funds holding

Funds holding: 186 [Q1] → 193 (+7) [Q2]

1.43% more ownership

Funds ownership: 36.39% [Q1] → 37.82% (+1.43%) [Q2]

6% less capital invested

Capital invested by funds: $483M [Q1] → $456M (-$27.3M) [Q2]

77% less call options, than puts

Call options by funds: $1.13M | Put options by funds: $5M

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Financial journalist opinion

5 BDCs That Deliver Double-Digit Yields (Up To 12.6%)

Wall Street suits tend to avoid business development companies (BDCs). That's a mistake.

5 BDCs That Deliver Double-Digit Yields (Up To 12.6%)

Oaktree Specialty Lending: 0.95X Coverage Is A Problem (Rating Downgrade)

Oaktree Specialty Lending's weak net investment income coverage raises concerns about portfolio quality and future payouts. Non-accruals remain elevated, though slightly improved Q/Q in Q3'25, driving a persistent discount to net asset value and reflecting investor caution. Despite a material discount to NAV, weak dividend coverage and continual credit issues justify a downgrade from 'Strong Buy' to 'Hold'.

Oaktree Specialty Lending: 0.95X Coverage Is A Problem (Rating Downgrade)

Attention High-Yield Investors: More BDC Dividend Cuts Are Likely Coming

The BDC sector faces mounting risks from a weakening economy, high consumer debt, and the potential for further dividend cuts as interest rates decline. Recent dividend cuts by several BDCs highlight the sector's vulnerability, despite some names maintaining resilience and attractive valuations. Spillover income offers only limited protection; tight dividend coverage and rising non-accruals signal caution for income-focused investors.

Attention High-Yield Investors: More BDC Dividend Cuts Are Likely Coming

It's All Downhill For Most BDCs, Here Is My Approach

Q2 earnings confirmed my call for a market rotation in BDCs; quality bias and selectivity remain critical for outperformance. Structural headwinds—spread compression, falling base rates, and thin dividend coverage—signal elevated risk of further dividend cuts across the sector. Current sector repricing is insufficient for broad new BDC allocations; most remain unattractive except for select names with strong fundamentals.

It's All Downhill For Most BDCs, Here Is My Approach

Dividend Cut Alert: 2 BDCs With Unsustainable Yields

BDC sector faces significant risks: high valuations, spread tightening, and thin dividend coverage leave little margin of safety. Lower base rates will likely be soon here, creating further headwinds for BDCs and pressuring net investment income and dividends. I recommend avoiding speculative BDCs, focusing on high-quality names with robust portfolios and strong dividend coverage at a discount.

Dividend Cut Alert: 2 BDCs With Unsustainable Yields

Oaktree Specialty Lending Corporation (OCSL) Q3 2025 Earnings Call Transcript

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q3 2025 Earnings Conference Call August 5, 2025 11:00 AM ET Company Participants Armen Panossian - CEO & Co-Chief Investment Officer Christopher McKown - MD,CFO & Treasurer Clark Koury - Corporate Participant Mathew M. Pendo - President Raghav Khanna - Co-Chief Investment Officer Conference Call Participants Finian Patrick O'Shea - Wells Fargo Securities, LLC, Research Division Melissa Wedel - JPMorgan Chase & Co, Research Division Operator Welcome, and thank you for joining Oaktree Specialty Lending Corporation's Third Fiscal Quarter 2025 Conference Call.

Oaktree Specialty Lending Corporation (OCSL) Q3 2025 Earnings Call Transcript

The Motley Fool

Oaktree (OCSL) Q3 Income Drops 33%

Oaktree (OCSL) Q3 Income Drops 33%

Oaktree (OCSL) Q3 Income Drops 33%

Oaktree Specialty Lending: One Dividend Cut Is Clearly Not Enough

Oaktree Specialty Lending Corporation's Q3 2025 earnings confirm my thesis: the recent dividend cut is insufficient to sustain the payout or NAV. Key headwinds include declining net investment income, portfolio write-downs, shrinking spreads, and an unfavorable interest rate outlook. While OCSL could increase leverage or manage asset quality, these measures are unlikely to restore sustainable dividend coverage.

Oaktree Specialty Lending: One Dividend Cut Is Clearly Not Enough

Zacks Investment Research

Oaktree Specialty Lending (OCSL) Q3 Earnings and Revenues Miss Estimates

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.55 per share a year ago.

Oaktree Specialty Lending (OCSL) Q3 Earnings and Revenues Miss Estimates

Oaktree Specialty Lending Corporation Announces Third Fiscal Quarter 2025 Financial Results

LOS ANGELES, CA, Aug. 05, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended June 30, 2025.

Oaktree Specialty Lending Corporation Announces Third Fiscal Quarter 2025 Financial Results

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