Oaktree Specialty LendingOCSL
OCSL
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.
0
Funds holding %
of 6,790 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 59
7% more call options, than puts
Call options by funds: $1.09M | Put options by funds: $1.03M
3% less funds holding
Funds holding: 194 [Q2] → 189 (-5) [Q3]
5.72% less ownership
Funds ownership: 38.77% [Q2] → 33.05% (-5.72%) [Q3]
13% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 38
25% less capital invested
Capital invested by funds: $593M [Q2] → $444M (-$149M) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
8%
downside
Avg. target
$16.10
1%
downside
High target
$18
11%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
Oppenheimer Mitchel Penn 60% 1-year accuracy 3 / 5 met price target | 11%upside $18 | Perform Maintained | 22 Nov 2024 |
Keefe, Bruyette & Woods Paul Johnson 89% 1-year accuracy 8 / 9 met price target | 4%upside $17 | Market Perform Maintained | 20 Nov 2024 |
B. Riley Securities Bryce Rowe 50% 1-year accuracy 4 / 8 met price target | 8%downside $15 | Neutral Maintained | 20 Nov 2024 |
JP Morgan Melissa Wedel 38% 1-year accuracy 3 / 8 met price target | 8%downside $15 | Neutral Downgraded | 20 Nov 2024 |
Wells Fargo Finian O'Shea 53% 1-year accuracy 18 / 34 met price target | 5%downside $15.50 | Equal-Weight Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 9 articles about OCSL published over the past 30 days
Neutral
Seeking Alpha
1 day ago
13+% Dividend Yields: 1 To Buy And 1 To Avoid
My portfolio focuses on high-yielding stocks, as they are ideal components of an opportunistic capital recycling strategy. That said, not all high-yield stocks make for good investments. I share one stock with a dividend yield of over 13% that I would avoid right now.
Neutral
Seeking Alpha
1 week ago
Oaktree Specialty Lending: How Safe Is The 14% Yield?
Oaktree Specialty Lending Corporation faces higher short-term dividend risks and elevated non-accruals, leading to a 13% discount to net asset value. The BDC's non-accruals rose to 4% in Q4 2024, causing a decline in interest income and portfolio quality. Oaktree Specialty Lending's dividend payout ratio is at 100%, with just enough adjusted net investment income to cover dividends, raising concerns about future payouts.
Negative
Seeking Alpha
2 weeks ago
Dividend Cut Alert: 13-14% Yields Getting Too Risky
Sky-high dividends of 13-14% are appealing but often come with significant risks. I discuss two stocks that have fully covered 13% and 14% yields that have a lot going for them and look deeply undervalued. However, I believe their dividends are at risk of getting cut soon.
Neutral
Seeking Alpha
2 weeks ago
Oaktree Specialty Lending Corporation (OCSL) Q4 2024 Earnings Call Transcript
Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q4 2024 Results Conference Call November 19, 2024 11:00 AM ET Company Participants Dane Kleven - Head of Investor Relations Matt Pendo - President Armen Panossian - Chief Executive Officer & Chief Investment Officer Chris McKown - Chief Financial Officer & Treasurer Conference Call Participants Paul Johnson - KBW Melissa Wedel - JPMorgan Operator Welcome, and thank you for joining Oaktree Specialty Lending Corporation's Fourth Fiscal Quarter Conference Call. Today's conference call is being recorded.
Positive
Zacks Investment Research
2 weeks ago
Compared to Estimates, Oaktree Specialty Lending (OCSL) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for Oaktree Specialty Lending (OCSL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Negative
Zacks Investment Research
2 weeks ago
Oaktree Specialty Lending (OCSL) Misses Q4 Earnings and Revenue Estimates
Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.62 per share a year ago.
Neutral
GlobeNewsWire
2 weeks ago
Oaktree Specialty Lending Corporation Announces Fourth Fiscal Quarter and Full Year 2024 Financial Results and Declares Quarterly Distribution of $0.55 Per Share
LOS ANGELES, CA, Nov. 19, 2024 (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 and year ended September 30, 2024.
Neutral
Seeking Alpha
2 weeks ago
BDC Weekly Review: Tax-Loss Season Is Approaching
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end.
Negative
Seeking Alpha
2 weeks ago
Oaktree Specialty Lending's Distributions May Be In Trouble
OCSL is a business development company oriented around debt investments (predominantly first-lien debt). Its seemingly defensive portfolio has struggled with rising non-accruals in 2024, resulting in decreasing NAV. Investors might be tempted by a relatively high yield, but they should be wary of the dividend coverage risk.
Negative
Seeking Alpha
1 month ago
Dividend Cut Alert For 2 Deeply Undervalued 11%+ Yields
Typically, stocks with at-risk dividends should be avoided. That said, there are exceptions to every rule. I share two high-yielding stocks that look like attractive buys to me even though their dividends could very possibly be cut in the near future.
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