Oaktree Specialty LendingOCSL
OCSL
About: Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets.
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
7% more repeat investments, than reductions
Existing positions increased: 63 | Existing positions reduced: 59
7% more call options, than puts
Call options by funds: $1.09M | Put options by funds: $1.03M
3% less funds holding
Funds holding: 194 [Q2] → 189 (-5) [Q3]
5.72% less ownership
Funds ownership: 38.77% [Q2] → 33.05% (-5.72%) [Q3]
13% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 38
25% less capital invested
Capital invested by funds: $593M [Q2] → $444M (-$149M) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
0%
upside
Avg. target
$16.10
7%
upside
High target
$18
20%
upside
5 analyst ratings
1 positive
20%
4 neutral
80%
0 negative
0%
Oppenheimer Mitchel Penn 57% 1-year accuracy 4 / 7 met price target | 20%upside $18 | Perform Maintained | 22 Nov 2024 |
Keefe, Bruyette & Woods Paul Johnson 82% 1-year accuracy 9 / 11 met price target | 13%upside $17 | Market Perform Maintained | 20 Nov 2024 |
B. Riley Securities Bryce Rowe 50% 1-year accuracy 4 / 8 met price target | 0%downside $15 | Neutral Maintained | 20 Nov 2024 |
JP Morgan Melissa Wedel 45% 1-year accuracy 5 / 11 met price target | 0%downside $15 | Neutral Downgraded | 20 Nov 2024 |
Wells Fargo Finian O'Shea 64% 1-year accuracy 23 / 36 met price target | 3%upside $15.50 | Equal-Weight Maintained | 29 Oct 2024 |
Financial journalist opinion
Based on 9 articles about OCSL published over the past 30 days
Positive
Seeking Alpha
5 hours ago
If I Had To Retire With Only 3 Picks, It Would Be These
Once in a while, it makes sense for investors to reassess their holdings. Going back to the roots is critical to stay on track for what we have defined as our investment goals from the start. Recently, when I went through my entire holdings list, one of the questions I was asking myself was whether I'd be happy holding a particular stock until (and in) my retirement.
Positive
Seeking Alpha
4 days ago
Why OCSL Could Surprise Bulls
OCSL's YTD total return is -14.87%, significantly underperforming the S&P 500 (+23%) and peers like GBDC (+11.92%). Q4-24 weighted average yield fell to 9.9% from 12% in Q4-23, signaling lower-quality investments. Key loans from Astra, nThrive, and Telestream entered nonaccrual status, impacting portfolio income and credit quality.
Positive
Seeking Alpha
6 days ago
11-14% Yields: Give Yourself The Gift Of Dividends For Christmas
Big dividend stocks are on a big holiday sale this Christmas season. Even in some of the most in-favor sectors of the high-yield space, bargains can still be found. I share some well-covered 11-14% dividend yields that can be found on the bargain rack.
Neutral
GlobeNewsWire
1 week ago
KBW Announces Index Rebalancing for Fourth-Quarter 2024
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.
Positive
Seeking Alpha
1 week ago
Oaktree Specialty Lending: 14% Yield, Trading At 89 Cents On The Dollar
Oaktree Specialty Lending reported a $0.01 per share miss in net investment income for Q4, but the BDC managed to support its dividend with NII. Despite rising non-accrual percentages, the BDC's change in management fee structure is a positive. OCSL's first-lien strategy, with 82% of funds in senior secured first liens, supports its reputation as a stable dividend payer.
Negative
Seeking Alpha
1 week ago
Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025
BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025.
Positive
Seeking Alpha
1 week ago
Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding
Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential.
Neutral
Seeking Alpha
2 weeks ago
13+% Dividend Yields: 1 To Buy And 1 To Avoid
My portfolio focuses on high-yielding stocks, as they are ideal components of an opportunistic capital recycling strategy. That said, not all high-yield stocks make for good investments. I share one stock with a dividend yield of over 13% that I would avoid right now.
Neutral
Seeking Alpha
3 weeks ago
Oaktree Specialty Lending: How Safe Is The 14% Yield?
Oaktree Specialty Lending Corporation faces higher short-term dividend risks and elevated non-accruals, leading to a 13% discount to net asset value. The BDC's non-accruals rose to 4% in Q4 2024, causing a decline in interest income and portfolio quality. Oaktree Specialty Lending's dividend payout ratio is at 100%, with just enough adjusted net investment income to cover dividends, raising concerns about future payouts.
Negative
Seeking Alpha
1 month ago
Dividend Cut Alert: 13-14% Yields Getting Too Risky
Sky-high dividends of 13-14% are appealing but often come with significant risks. I discuss two stocks that have fully covered 13% and 14% yields that have a lot going for them and look deeply undervalued. However, I believe their dividends are at risk of getting cut soon.
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