Reassessing The Changing Outlook For Oaktree Specialty Lending Corp (OCSL)

Currently, there are 82.25M common shares owned by the public and among those 79.25M shares have been available to trade.

The company’s stock has a 5-day price change of 0.65% and -12.24% over the past three months. OCSL shares are trading -16.11% year to date (YTD), with the 12-month market performance down to -14.14% lower. It has a 12-month low price of $15.56 and touched a high of $21.64 over the same period. OCSL has an average intraday trading volume of 747.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.20%, -3.12%, and -11.39% respectively.

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Institutional ownership of Oaktree Specialty Lending Corp (NASDAQ: OCSL) shares accounts for 38.25% of the company’s 82.25M shares outstanding.

It has a market capitalization of $1.41B and a beta (3y monthly) value of 1.13. The stock’s trailing 12-month PE ratio is 19.47, while the earnings-per-share (ttm) stands at $0.88. The company has a PEG of 1.62. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.00% over the week and 1.41% over the month.

Earnings per share for the fiscal year are expected to decrease by -9.70%, and -0.40% over the next financial year. EPS should shrink at an annualized rate of 12.00% over the next five years, compared to 12.36% over the past 5-year period.

Looking at the support for the OCSL, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on August 26, 2024, with the firm’s price target at $18-$17. Keefe Bruyette was of a view on February 02, 2024 that the stock is Mkt Perform, while B. Riley Securities gave the stock Neutral rating on January 08, 2024, issuing a price target of $21. Hovde Group on their part issued Market Perform rating on August 04, 2023.

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