Oaktree Specialty Lending Corp (OCSL) is a publicly traded business development company focused on delivering tailored financing solutions to middle-market businesses. Leveraging the expertise of its parent company, Oaktree Capital Management, OCSL follows a disciplined investment strategy that prioritizes generating attractive risk-adjusted returns through investments in secured debt instruments. The company maintains a diversified portfolio across various sectors, emphasizing credit quality and effective risk management practices. With its strategic positioning and robust operational framework, OCSL presents a compelling opportunity for institutional investors looking for dependable income and stability in the specialty lending market.
| Revenue (TTM) | $298.07M |
| Gross Profit (TTM) | $298.07M |
| EBITDA | — |
| Operating Margin | 85.20% |
| Return on Equity | 3.48% |
| Return on Assets | 5.23% |
| Revenue/Share (TTM) | $3.38 |
| Book Value | $15.69 |
| Price-to-Book | 0.78 |
| Price-to-Sales (TTM) | 3.53 |
| EV/Revenue | 46.17 |
| EV/EBITDA | — |
| Quarterly Earnings Growth (YoY) | -27.70% |
| Quarterly Revenue Growth (YoY) | -9.30% |
| Shares Outstanding | $88.09M |
| Float | 0 |
| % Insiders | 0.30% |
| % Institutions | 42.41% |
Volatility is currently expanding
Oaktree Specialty Lending is rated HOLD due to persistent NAV erosion despite a historically deep P/NAV discount. OCSL's NAV has declined 18% over six quarters, driven by software markdowns and non-accruals, not operating losses. Income coverage remains adequate, with an 11.5% yield and a more durable dividend structure tied to earnings.
There is a principle I have followed for 30 years in this business. When the smartest credit team on the planet starts aggressively buying a beaten-down asset class they understand better than anyone alive, you do not sit on your hands and debate whether the timing is perfect.
Oaktree Specialty Lending remains rated 'Hold' due to persistent high non-accruals and sub-optimal credit quality. OCSL trades at a 23% discount to NAV, reflecting elevated credit risk and recent dividend cuts. The BDC lowered its regular dividend by 25% but paid a supplemental dividend of $0.04, which lowered the effective dividend cut to 15%.
Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.45 per share a year ago.
LOS ANGELES--(BUSINESS WIRE)--Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the second fiscal quarter ended March 31, 2026. Financial Highlights for the Quarter Ended March 31, 2026 Total investment income was $70.4 million ($0.80 per share) for the second fiscal quarter of 2026 as compared to $75.1 million ($0.85 per share) for the first fiscal quarter of 2026. Adjusted.
Capitol Federal Financial (CFFN) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.12 per share a year ago.
