OCSL Stock Recent News

While the top- and bottom-line numbers for Oaktree Specialty Lending (OCSL) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.61 per share a year ago.

Oaktree Specialty Lending is one of the largest BDCs with strong fundamentals across the board carrying an exposure to public bonds, which is uncommon in the BDC space. Recently, OCSL has improved its portfolio and de-risked balance sheet, while keeping net investment income component stable. In this article I review my investment thesis that I issued back in August, 2023 and provide several reasons why I still consider OCSL a buy.

3 Quality Stocks With Yields Between 8% And 17%

Oaktree Specialty Lending is paying out a 10.3% base dividend yield that was 113% covered by adjusted net investment income from its last reported quarter. The BDC offers a broadly stable NAV per share profile and a "BBB-" investment grade credit rating. Liquidity at the end of its last reported quarter is around $1 billion as exits run ahead of newly funded investments.

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, Jan. 03, 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 first fiscal quarter ended December 31, 2023 before the opening of the Nasdaq Global Select Market on Thursday, February 1, 2024.

Main Street Capital and Oaktree Specialty Lending Corp are two great stocks for building a dividend snowball in 2024. MAIN offers a growing monthly dividend and has a well-diversified portfolio with a focus on first-lien loans. OCSL pays a quarterly dividend and has steadily increased its distributions over the years, and has materially improved since being taken over.

Oaktree Specialty Lending is a solid income pick for a choppy market, offering a high yield that's covered by NII. It offers exposure to technology and healthcare segments, among others, and has high floating rate exposure in debt investments. OCSL has demonstrated steady fundamentals, holding a steady NAV per share over the past 4 quarters.

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q4 2023 Earnings Conference Call November 14, 2023 11:00 AM ET Company Participants Michael Mosticchio - Head, IR Armen Panossian - CEO & CIO Matt Pendo - President Chris McKown - CFO & Treasurer Matt Stewart - COO Conference Call Participants Bryce Rowe - B. Riley Ryan Lynch - KBW Melissa Wedel - J.P.

Howard Marks discusses the importance of understanding market cycles and how they impact investment decisions. Oaktree Specialty Lending is an 11% dividend-yielding fund that emphasizes the significance of increasing credit spreads as an indicator of future profitability. OCSL saw yields well above the current 11% yield in the last GFC with an elevated share price to boot.