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OCSL Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
11.705
Open
11.380
VWAP
11.59
Vol
652.88K
Mkt Cap
1.03B
Low
11.380
Amount
7.57M
EV/EBITDA(TTM)
15.38
Total Shares
88.09M
EV
2.46B
EV/OCF(TTM)
35.32
P/S(TTM)
6.46
Oaktree Specialty Lending Corporation is a specialty finance company. The Company is engaged in providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company’s investment objective is to generate current income and capital appreciation by providing companies with financing solutions, including first and second lien loans, unsecured and mezzanine loans, and preferred equity. The Company may also seek to generate capital appreciation and income through secondary investments at discounts to par in either private or syndicated transactions. Its portfolio may also include certain structured finance and other non-traditional structures. Its portfolio of investments includes application software, multi-sector holdings, data processing and outsourced services, pharmaceuticals, biotechnology, health care services, specialized finance, and others. The Company is externally managed by Oaktree Fund Advisors, LLC (Oaktree).
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Events Timeline

(ET)
2026-05-05
06:20:00
Oaktree Specialty Lending Net Asset Value Per Share Drops to $15.69
select
2026-02-04 (ET)
2026-02-04
06:10:00
Oaktree Specialty Lending Q4 NAV per Share Falls to $16.30
select
2025-11-18 (ET)
2025-11-18
06:02:01
Oaktree Specialty Lending announces Q4 adjusted net investment income of 40 cents, surpassing consensus estimate of 39 cents.
select
2025-08-05 (ET)
2025-08-05
06:21:20
Oaktree Specialty Lending reports Q3 adjusted NII 38c, consensus 45c
select

News

Newsfilter
8.0
06-12Newsfilter
Dividend Risks Rise for U.S. Private Credit Lenders Amid Thinner Cash Cushions
  • Declining Dividend Coverage: In Q1 2026, the median dividend coverage across 46 business development companies (BDCs) fell to 0.99 times, indicating that net investment income no longer fully covers regular and supplemental dividends, raising risks for investors drawn to high yields.
  • Significant PIK Impact: Excluding payment-in-kind (PIK) interest, the median coverage dropped to 0.89 times, with 33 BDCs reporting coverage below 1.0 times, highlighting increased borrower stress that could affect future dividend payments.
  • Concerns Over Credit Quality: Slower revenue growth among some software borrowers has raised concerns about credit quality within BDC portfolios, as lenders may allow interest to be paid in kind due to cash pressures, further masking potential risks.
  • Dividend Reduction Cases: Several BDCs cut their second-quarter dividends after reporting first-quarter results, with Blue Owl Capital reducing its payout from $0.37 to $0.31 and FS KKR lowering its dividend from $0.70 to $0.48, reflecting market concerns over dividend sustainability.
NASDAQ.COM
8.5
06-05NASDAQ.COM
Small Caps Rebound: High Dividend Investment Opportunities
  • Small Cap Performance Rebound: Small caps have outperformed large caps year-to-date by 16% to 11%, indicating a renewed investor interest and confidence in the small-cap sector as market dynamics shift in 2023.
  • Newell Brands Financial Struggles: Newell Brands (NWL) has seen its market cap shrink from $25 billion to $1.5 billion, facing net losses for three consecutive years and slashing its dividend by 70% in 2023, although modest growth is anticipated in 2026, caution is warranted regarding its long-term viability.
  • Betterware de Mexico's Strong Growth: Betterware de Mexico (BWMX) has consistently increased revenues since its 2020 IPO and recently acquired Tupperware, resulting in over 140% total return in the past year, showcasing robust market performance and expansion potential.
  • Oaktree Specialty Lending's Risk and Reward: Oaktree Specialty Lending (OCSL) offers an 11.2% dividend yield but faces risks from its software sector exposure, with a 6% decline in net asset value, highlighting the need to monitor its dividend sustainability and market performance closely.
Fool
8.5
05-07Fool
Panoramic Investment Advisors Acquires Oaktree Specialty Lending Shares
  • New Investment Position: On May 6, 2026, Panoramic Investment Advisors disclosed a new position in Oaktree Specialty Lending by acquiring 1,241,204 shares valued at approximately $14.86 million, indicating confidence in tailored credit solutions for the middle market.
  • Significant Holding Proportion: This transaction positions Oaktree Specialty Lending to represent 6.79% of Panoramic's 13F reportable assets, reflecting its importance and potential growth opportunities within the investment portfolio.
  • Stock Performance Analysis: As of May 6, 2026, Oaktree's shares were priced at $12.51, up 5.7% year-over-year, yet underperforming the S&P 500 by 25.7 percentage points, indicating market caution regarding its future growth prospects.
  • Income and Dividend Appeal: With a trailing revenue of $279.31 million, Oaktree faces revenue decline challenges; however, its attractive 9.8% dividend yield continues to draw income-focused investors, highlighting its sustained appeal in the middle-market financing sector.
seekingalpha
9.5
05-05seekingalpha
Oaktree Specialty Lending Q2 2026 Earnings Call Insights
  • Nonaccruals Reduction: Oaktree Specialty Lending reported a decrease in nonaccruals to 2.6% of the total debt portfolio from 3.1% last quarter, indicating proactive asset management that enhances financial flexibility and market confidence.
  • Strong Liquidity Position: The company has available liquidity of $671 million and a net leverage ratio of 1.04x, despite a decline in NAV per share from $16.30 to $15.69 primarily due to unrealized write-downs on software loans, reflecting a cautious approach to risk management.
  • Dividend Adjustment: Oaktree adjusted its base dividend to $0.30 per share while maintaining a supplemental dividend at 50% of excess adjusted net investment income, demonstrating a commitment to shareholder returns amid current market conditions and cautious outlook on future earnings.
  • Investment Income Changes: Adjusted total investment income was $69.7 million, down from $74.5 million in the prior quarter, attributed mainly to lower reference rates and reduced non-recurring income, highlighting the challenges in maintaining profitability during market volatility.
seekingalpha
8.0
05-05seekingalpha
Oaktree Specialty Lending Declares Cash Distributions
  • Quarterly Cash Distribution: Oaktree Specialty Lending's Board of Directors declared a cash distribution of $0.30 per share and a supplemental distribution of $0.04 per share, reflecting the company's ongoing commitment to stable earnings, which is likely to enhance investor confidence and attract more capital inflows.
  • Payment Timeline: The distributions are payable on June 30, with a record date of June 15 and an ex-dividend date also on June 15, ensuring shareholders receive timely returns and demonstrating the company's focus on shareholder value.
  • Earnings Stability: Oaktree signals stable earnings while navigating shifts in AI and credit markets, with a new investment deployment of $314 million, indicating the company's robust investment capabilities even in complex market conditions.
  • Market Reaction: Despite a likely overdone sell-off in the BDC market, Oaktree Specialty Lending boasts a 14.6% dividend yield, drawing investor attention and potentially driving a rebound in stock price in the future.
seekingalpha
9.5
05-05seekingalpha
Oaktree Specialty Lending Reports Q2 Earnings Miss
  • Earnings Miss: Oaktree Specialty Lending reported a Q2 non-GAAP EPS of -$0.22, missing expectations by $0.59, indicating significant challenges in profitability that could undermine investor confidence.
  • Decline in Investment Income: Total investment income was $70.4M, down 9.3% year-over-year and missing by $4.06M, reflecting adverse impacts from changing market conditions that may pressure future cash flows.
  • Net Asset Value Drop: As of March 31, 2026, NAV per share was $15.69, down from $16.30 as of December 31, 2025, indicating that the company's asset values are affected by market volatility, potentially impacting its financing capabilities.
  • Market Response Outlook: Despite these challenges, Oaktree plans to deploy $314M in new investments, signaling a strategy to seek stable earnings amid shifts in AI and credit markets, which may lay the groundwork for future growth.
Wall Street analysts forecast OCSL stock price to rise
4 Analyst Rating
Wall Street analysts forecast OCSL stock price to rise
0 Buy
4 Hold
0 Sell
Hold
Current: 0.000
sliders
Low
13.00
Averages
13.44
High
13.75
Current: 0.000
sliders
Low
13.00
Averages
13.44
High
13.75
Oppenheimer
Oppenheimer
Perform
downgrade
$15 -> $13
AI Analysis
2026-05-06
Reason
Oppenheimer
Oppenheimer
Price Target
$15 -> $13
AI Analysis
2026-05-06
downgrade
Perform
Reason
Oppenheimer lowered the firm's price target on Oaktree Specialty Lending to $13 from $15 and keeps a Perform rating on the shares. The firm estimates that Oaktree will earn 53c/share and $1.28/share in 2026 and 2027, respectively, for ROEs of 3.3% and 8.1%. This compares to a $1.20/share dividend.
JPMorgan
Melissa Wedel
Neutral
downgrade
2026-03-13
Reason
JPMorgan
Melissa Wedel
Price Target
2026-03-13
downgrade
Neutral
Reason
JPMorgan analyst Melissa Wedel lowered the firm's price target on Oaktree Specialty Lending to $10.50 from $13.50 and keeps a Neutral rating on the shares. The firm reduced targets in the business development company space to reflect lower multiples and "higher scrutiny."
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Valuation Metrics

The current forward P/E ratio for Oaktree Specialty Lending Corp (OCSL.O) is 8.91, compared to its 5-year average forward P/E of 8.58. For a more detailed relative valuation and DCF analysis to assess Oaktree Specialty Lending Corp's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
8.58
Current PE
8.91
Overvalued PE
10.84
Undervalued PE
6.32

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
0.54
Current EV/EBITDA
9.83
Overvalued EV/EBITDA
2.88
Undervalued EV/EBITDA
-1.80

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
3.89
Current PS
3.61
Overvalued PS
4.70
Undervalued PS
3.08

Financials

AI Analysis
Annual
Quarterly

Whales Holding OCSL

A
Ares Management LLC
Holding
OCSL
+33.88%
3M Return
G
Generali Asset Management SGR SpA
Holding
OCSL
+12.73%
3M Return
P
Private Management Group Inc
Holding
OCSL
+3.35%
3M Return

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Frequently Asked Questions

What is Oaktree Specialty Lending Corp (OCSL) stock price today?

The current price of OCSL is 11.69 USD — it has increased 2.45

What is Oaktree Specialty Lending Corp (OCSL)'s business?

Oaktree Specialty Lending Corporation is a specialty finance company. The Company is engaged in providing customized one-stop credit solutions to companies with limited access to public or syndicated capital markets. The Company’s investment objective is to generate current income and capital appreciation by providing companies with financing solutions, including first and second lien loans, unsecured and mezzanine loans, and preferred equity. The Company may also seek to generate capital appreciation and income through secondary investments at discounts to par in either private or syndicated transactions. Its portfolio may also include certain structured finance and other non-traditional structures. Its portfolio of investments includes application software, multi-sector holdings, data processing and outsourced services, pharmaceuticals, biotechnology, health care services, specialized finance, and others. The Company is externally managed by Oaktree Fund Advisors, LLC (Oaktree).

What is the price predicton of OCSL Stock?

Wall Street analysts forecast OCSL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for OCSL is13.44 USD with a low forecast of 13.00 USD and a high forecast of 13.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Oaktree Specialty Lending Corp (OCSL)'s revenue for the last quarter?

Oaktree Specialty Lending Corp revenue for the last quarter amounts to 9.04M USD, decreased -168.37

What is Oaktree Specialty Lending Corp (OCSL)'s earnings per share (EPS) for the last quarter?

Oaktree Specialty Lending Corp. EPS for the last quarter amounts to -0.21 USD, decreased -50.00

How many employees does Oaktree Specialty Lending Corp (OCSL). have?

Oaktree Specialty Lending Corp (OCSL) has 0 emplpoyees as of June 29 2026.

What is Oaktree Specialty Lending Corp (OCSL) market cap?

Today OCSL has the market capitalization of 1.03B USD.