Oaktree Specialty Lending Corporation (OCSL)

US — Financial Services Sector
Peers: BBDC  OMF  RWAY  ALLY  ORCC  AGM  GDOT  CPSS  COF  SLM  IX  FCFS  MFIN  OPRT 

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Key Metrics & Ratings

  • symbol OCSL
  • Rev/Share 1.1664
  • Book/Share 17.1692
  • PB 0.7985
  • Debt/Equity 0.0
  • CurrentRatio 0.0
  • ROIC -1.2373

 

  • MktCap 1207652205.0
  • FreeCF/Share 3.3536
  • PFCF 4.1913
  • PE 130.5451
  • Debt/Assets 0.0
  • DivYield 0.1451
  • ROE 0.0061

 

  • Rating C
  • Score 2
  • Recommendation Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 3
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Resumed OCSL B. Riley Securities -- Neutral -- $14 May 13, 2025
Downgrade OCSL B. Riley Securities Neutral Sell -- $15 Dec. 11, 2024
Downgrade OCSL Wells Fargo Overweight Equal Weight $18 $17 Aug. 26, 2024

News

Fat Dividends Served Reality Check
AGNC, ARCC, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DX, EFC, FBRT, FSK, GAIN, GBDC, GPMT, MAIN, MFA, MITT, NLY, NYMT, OBDC, OCSL, ORC, RC, RITM
Published: May 29, 2025 by: Seeking Alpha
Sentiment: Negative

Big dividends sound great, but how about big losses? Since Q2 2025 began, book values got smacked. Not talking about share prices. You can tell if the share price declined (hopefully). That would be a worthless article. One of these high-yield sectors has been doing much better than the others.

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image for news Fat Dividends Served Reality Check
Oaktree Specialty Lending: A 13.2% Yield You Need To Avoid (Rating Downgrade)
OCSL
Published: May 09, 2025 by: Seeking Alpha
Sentiment: Negative

Oaktree Specialty Lending's 13.2% dividend yield is risky due to rising non-accruals and a slowing economy, making another dividend cut likely. Despite a recent dividend cut, OCSL's financials continue to decline, with net asset value dropping significantly and non-performing loans increasing. OCSL's balance sheet is in decent shape with low debt-to-equity and strong liquidity, but this doesn't offset the risks from deteriorating fundamentals.

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image for news Oaktree Specialty Lending: A 13.2% Yield You Need To Avoid (Rating Downgrade)
Oaktree Specialty Lending Corporation (OCSL) Q2 2025 Earnings Call Transcript
OCSL
Published: May 01, 2025 by: Seeking Alpha
Sentiment: Neutral

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q2 2025 Earnings Conference Call May 1, 2025 11:00 AM ET Company Participants Clark Koury – Head-Investors Matt Pendo – President Armen Panossian – Chief Executive Officer and Chief Investment Officer Chris McKown – Chief Financial Officer and Treasurer Conference Call Participants Finian O'Shea – Wells Fargo Melissa Wedel – JPMorgan Paul Johnson – KBW Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation's Second Fiscal Quarter 2025 Conference Call. Today's conference call is being recorded.

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image for news Oaktree Specialty Lending Corporation (OCSL) Q2 2025 Earnings Call Transcript
Oaktree Specialty Lending (OCSL) Lags Q2 Earnings and Revenue Estimates
OCSL
Published: May 01, 2025 by: Zacks Investment Research
Sentiment: Negative

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.56 per share a year ago.

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image for news Oaktree Specialty Lending (OCSL) Lags Q2 Earnings and Revenue Estimates
Oaktree Specialty Lending Corporation Announces Second Fiscal Quarter 2025 Financial Results
OCSL
Published: May 01, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, CA, May 01, 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 March 31, 2025.

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image for news Oaktree Specialty Lending Corporation Announces Second Fiscal Quarter 2025 Financial Results
My 3 Biggest BDC Investing Mistakes Worth Avoiding
BIZD, BXSL, CION, MSDL, OCSL, PFLT
Published: April 30, 2025 by: Seeking Alpha
Sentiment: Negative

I've been tracking major BDCs for over three years, achieving high total returns and dividends, and outperforming the BDC index. My investments in BDCs are motivated by high yield, diversification from traditional dividend picks, and the potential to outperform in an underexplored market. Yet, there have been many bumps in the process, and some of them quite painful.

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image for news My 3 Biggest BDC Investing Mistakes Worth Avoiding
Investing In BDCs For Durable Income Amidst The Looming Recession
ARCC, BIZD, KBDC, MSDL, OCSL
Published: April 24, 2025 by: Seeking Alpha
Sentiment: Neutral

Rising non-accrual base is the BDC Achilles heel. The current economic conditions drive up the probability of that risk. Hence, the BDC income and NAV durability have become extremely important topics.

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image for news Investing In BDCs For Durable Income Amidst The Looming Recession
Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
AGNC, ARCC, ARR, BXMT, BXSL, CHMI, CIM, CSWC, DX, EFC, FBRT, FSK, GAIN, GBDC, GPMT, MAIN, MFA, MITT, NLY, NYMT, OBDC, OCSL, ORC, PMT, RC
Published: April 21, 2025 by: Seeking Alpha
Sentiment: Positive

Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable.

Read More
image for news Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks)
Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025
GMRE, MPW, OCSL, TCPC
Published: March 21, 2025 by: Seeking Alpha
Sentiment: Negative

The current market environment suggests a potential recession, leading investors to favor durable and income-producing assets. BDCs and REITs are likely to be among the key beneficiaries here. However, with REITs and especially BDCs investors have to be careful in order to avoid falling in a value trap.

Read More
image for news Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025
The Moment Of Truth For BDC Dividend Investors Is Close
ARCC, BXSL, CION, GSBD, KBDC, MAIN, MSDL, MSIF, NCDL, OCSL, PNNT, TCPC, TPVG, WHF
Published: March 11, 2025 by: Seeking Alpha
Sentiment: Negative

As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are.

Read More
image for news The Moment Of Truth For BDC Dividend Investors Is Close
Oaktree Specialty Lending: Dividend Cut, What Now?
OCSL
Published: February 25, 2025 by: Seeking Alpha
Sentiment: Negative

Oaktree Specialty Lending Corporation faced a decline in net asset value and net investment income due to investment write-downs and high non-accruals. The company cut its dividend by 27% to address the deteriorating dividend coverage, raising concerns about its ability to re-rate higher in 2025. Despite the dividend cut, Oaktree Specialty Lending's stock is expected to continue selling at a discount to net asset value due to ongoing credit issues.

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image for news Oaktree Specialty Lending: Dividend Cut, What Now?
Oaktree Specialty Lending Corporation Prices Public Offering of $300,000,000 6.340% Notes due 2030
OCSL
Published: February 20, 2025 by: GlobeNewsWire
Sentiment: Neutral

LOS ANGELES, CA, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“OCSL” or the “Company”), a specialty finance company, today announced that it has priced an underwritten public offering of $300.0 million aggregate principal amount of 6.340% notes due 2030. The notes will mature on February 27, 2030 and may be redeemed in whole or in part at the Company's option at any time at par plus a “make-whole” premium, if applicable.

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image for news Oaktree Specialty Lending Corporation Prices Public Offering of $300,000,000 6.340% Notes due 2030

About Oaktree Specialty Lending Corporation (OCSL)

  • IPO Date 2008-06-12
  • Website https://www.oaktreespecialtylending.com
  • Industry Financial - Credit Services
  • CEO Mr. Armen Panossian J.D.
  • Employees 0

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity and management buyouts in small and mid-sized companies. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies with enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies.