With over 0.44 million Oaktree Specialty Lending Corporation (OCSL) shares trading Friday and a closing price of $20.43 on the day, the dollar volume was approximately $9.07 million. The shares have shown a positive half year performance of 9.45% and its price on 12/22/23 gained nearly 0.54%. Currently, there are 77.23M common shares owned by the public and among those 74.12M shares have been available to trade.
Insiders at the company have transacted a total of 10 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 8,480 shares. Insider sales of the common stock occurred on 0 occasions, with total insider shares sold totaling 0 shares.
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Shares of Oaktree Specialty Lending Corporation (NASDAQ: OCSL) opened at $20.41, up $0.09 from a prior closing price of $20.32. However, the script later moved the day high at 20.55, up 0.54%. The company’s stock has a 5-day price change of 1.39% and 1.84% over the past three months. OCSL shares are trading -0.54% year to date (YTD), with the 12-month market performance up to 1.99% higher. It has a 12-month low price of $17.64 and touched a high of $21.41 over the same period. OCSL has an average intraday trading volume of 644.05K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.52%, 3.80%, and 5.68% respectively.
Institutional ownership of Oaktree Specialty Lending Corporation (NASDAQ: OCSL) shares accounts for 39.30% of the company’s 77.23M shares outstanding.
It has a market capitalization of $1.58B and a beta (3y monthly) value of 1.16. The stock’s trailing 12-month PE ratio is 12.53, while the earnings-per-share (ttm) stands at $1.63. The company has a PEG of 1.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 0.91% over the week and 0.96% over the month.
Analysts forecast that Oaktree Specialty Lending Corporation (OCSL) will achieve an EPS of $0.61 for the current quarter, $0.61 for the next quarter and $2.4 for 2025. The lowest estimate earnings-per-share for the quarter is $0.6 while analysts give the company a high EPS estimate of $0.62. Comparatively, EPS for the current quarter was $0.61 a year ago. Earnings per share for the fiscal year are expected to decrease by -1.20%, and -1.60% over the next financial year. EPS should shrink at an annualized rate of 12.00% over the next five years, compared to 14.28% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 8 brokerage firm advisors rate Oaktree Specialty Lending Corporation (OCSL) as a “Strong Buy” at a consensus score of 1.90. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 1 of the 8 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the OCSL, a number of firms have released research notes about the stock. Hovde Group stated their Market Perform rating for the stock in a research note on August 04, 2023, with the firm’s price target at $21.
