How to buy Oaktree Specialty Lending Corporation stock

Oaktree Specialty Lending Corporation is a credit services business based in the US. Oaktree Specialty Lending Corporation shares (OCSL) are listed on the NASDAQ and all prices are listed in US Dollars.

Oaktree Specialty Lending Corporation share price

Use our graph to track the performance of OCSL stocks over time.

Oaktree Specialty Lending Corporation shares at a glance

• Key figures

Information last updated 2021-04-23.

52-week range	$3.52 - $6.75
50-day moving average	$6.36
200-day moving average	$5.69
Wall St. target price	$6.89
PE ratio	10.3256
Dividend yield	$0.405 (6.05%)
Earnings per share (TTM)	$0.65

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Is it a good time to buy Oaktree Specialty Lending Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Oaktree Specialty Lending Corporation by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Is Oaktree Specialty Lending Corporation under- or over-valued?

Valuing Oaktree Specialty Lending Corporation stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Oaktree Specialty Lending Corporation's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Oaktree Specialty Lending Corporation's P/E ratio

Oaktree Specialty Lending Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 10x. In other words, Oaktree Specialty Lending Corporation shares trade at around 10x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Oaktree Specialty Lending Corporation financials

Revenue TTM	$150.4 million
Operating margin TTM	66.52%
Gross profit TTM	$143.1 million
Return on assets TTM	3.78%
Return on equity TTM	9.59%
Profit margin	60.47%
Book value	$6.85
Market capitalisation	$1.2 billion

TTM: trailing 12 months

Shorting Oaktree Specialty Lending Corporation shares

There are currently 773,806 Oaktree Specialty Lending Corporation shares held short by investors – that's known as Oaktree Specialty Lending Corporation's "short interest". This figure is 40% down from 1.3 million last month.

There are a few different ways that this level of interest in shorting Oaktree Specialty Lending Corporation shares can be evaluated.

Oaktree Specialty Lending Corporation's "short interest ratio" (SIR)

Oaktree Specialty Lending Corporation's "short interest ratio" (SIR) is the quantity of Oaktree Specialty Lending Corporation shares currently shorted divided by the average quantity of Oaktree Specialty Lending Corporation shares traded daily (recently around 758633.33333333). Oaktree Specialty Lending Corporation's SIR currently stands at 1.02. In other words for every 100,000 Oaktree Specialty Lending Corporation shares traded daily on the market, roughly 1020 shares are currently held short.

However Oaktree Specialty Lending Corporation's short interest can also be evaluated against the total number of Oaktree Specialty Lending Corporation shares, or, against the total number of tradable Oaktree Specialty Lending Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Oaktree Specialty Lending Corporation's short interest could be expressed as 0% of the outstanding shares (for every 100,000 Oaktree Specialty Lending Corporation shares in existence, roughly 0 shares are currently held short) or 0.0056% of the tradable shares (for every 100,000 tradable Oaktree Specialty Lending Corporation shares, roughly 6 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Oaktree Specialty Lending Corporation.

Find out more about how you can short Oaktree Specialty Lending Corporation stock.

Oaktree Specialty Lending Corporation share dividends

Dividend payout ratio: 82.69% of net profits

Recently Oaktree Specialty Lending Corporation has paid out, on average, around 82.69% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 7.17% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Oaktree Specialty Lending Corporation shareholders could enjoy a 7.17% return on their shares, in the form of dividend payments. In Oaktree Specialty Lending Corporation's case, that would currently equate to about $0.405 per share.

Oaktree Specialty Lending Corporation's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.

Oaktree Specialty Lending Corporation's most recent dividend payout was on 30 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 11 March 2021 (the "ex-dividend date").

Oaktree Specialty Lending Corporation share price volatility

Over the last 12 months, Oaktree Specialty Lending Corporation's shares have ranged in value from as little as $3.5193 up to $6.75. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Oaktree Specialty Lending Corporation's is 1.5025. This would suggest that Oaktree Specialty Lending Corporation's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Oaktree Specialty Lending Corporation overview

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, and management buyouts in small and mid-sized companies. The fund seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies with enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies. .

Frequently asked questions

• What percentage of Oaktree Specialty Lending Corporation is owned by insiders or institutions?

  Currently 14.369% of Oaktree Specialty Lending Corporation shares are held by insiders and 44.782% by institutions.

• When does the fiscal year end for Oaktree Specialty Lending Corporation?

  Oaktree Specialty Lending Corporation's fiscal year ends in September.

• Where is Oaktree Specialty Lending Corporation based?

  Oaktree Specialty Lending Corporation's address is: 333 South Grand Avenue, Los Angeles, CA, United States, 90071

• What is Oaktree Specialty Lending Corporation's ISIN number?

  Oaktree Specialty Lending Corporation's international securities identification number is: US67401P1084

• What is Oaktree Specialty Lending Corporation's CUSIP number?

  Oaktree Specialty Lending Corporation's Committee on Uniform Securities Identification Procedures number is: 31678A103