OCSL Stock Recent News

Oaktree Specialty Lending insider Phyllis Caldwell added to her position last month. Other Oaktree insiders have been adding since 2022. The last insider sale was all the way back in 2021.

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the fourth fiscal quarter and full year ended September 30, 2024 before the opening of the Nasdaq Global Select Market on Tuesday, November 19, 2024.

Oaktree Specialty Lending Corporation offers a high dividend yield of 14%, but its book value performance and risky loan portfolio are concerning. Despite a solid market cap and experienced management, OCSL has underperformed, with shares dropping 55% since its IPO and total returns lagging behind peers. Recent management fee reductions are shareholder-friendly, but declining net asset value and rising non-accrual rates indicate significant portfolio risks.

Oaktree Specialty Lending is dealing with loan performance issues and a rising non-accrual percentage. Despite challenges, the BDC is focusing on a first-lien strategy to strengthen its portfolio and maintain its dividend. OCSL lowered its base management fee in order to provide a $0.15 per-share annual NII uplift.

The headline numbers for Oaktree Specialty Lending (OCSL) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.62 per share a year ago.

LOS ANGELES, CA, Aug. 01, 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 ended June 30, 2024.

High-yield dividend stocks have been rallying on expectations of a Fed rate cut in September. However, I think the market may be overly optimistic. I share the main headwind likely facing high-yield stocks moving forward and how I am investing in light of this.

Private credit funds and business development corporations often offer 10% yields. Some of these funds are locked up for long periods, causing liquidity problems. Listed BDCs are not. Wall Street is worried about private credit eating its debt-issuance lunch.

OCSL's portfolio includes 81% first-lien loans, providing high-priority protection and enhancing income stability and asset valuation. Non-accrual investments decreased from $120.7 million to $69.1 million in Q2 2024, indicating enhanced credit quality and portfolio stability. With $1 billion in available liquidity and a net debt-to-equity ratio of 1.02x, OCSL is well-positioned for new investments and financial obligations.