Taking the lead: Oaktree Specialty Lending Corporation (OCSL)

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) stock fell -3.83% on Tuesday to $20.32 against a previous-day closing price of $21.13. With 2.29 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.32 million shares. During the session, the Credit Services company that operates in wider Financial sector, reached to the highest price of $21.04 whereas the lowest price it dropped to was $20.16. The 52-week range on OCSL shows that it touched its highest point at $22.79 and its lowest point at $17.25 during that stretch. It currently has a 1-year price target of $7.81. With its current market cap of 3.73 billion, OCSL has annualized dividend of $0.72 while the current yield stands at 3.54%.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of OCSL was down-trending over the past week, with a drop of -4.47%, but this was up by 1.09% over a month. Three-month performance surged to 10.72% while six-month performance rose 2.51%. The stock lost -7.01% in the past year, while it has lost -1.41% so far this year. A look at the trailing 12-month EPS for OCSL yields 0.16 with Next year EPS estimates of 0.82. For the next quarter, that number is 0.20. This implies an EPS growth rate of 15.50% for this year and 0.00% for next year. EPS is expected to grow by 12.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 14.75%.

Float and Shares Shorts:

At present, 183.37 million OCSL shares are outstanding with a float of 168.82 million shares on hand for trading. On Oct 13, 2022, short shares totaled 2.01 million, which was 1.09% higher than short shares on Sep 14, 2022. In addition to Mr. Armen Panossian J.D. as the firm’s CEO & Chief Investment Officer, Mr. Mathew M. Pendo serves as its Pres.

Institutional Ownership:

Through their ownership of 46.98% of OCSL’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of OCSL, in contrast to — held by mutual funds. Shares owned by individuals account for –.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for OCSL since 8 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With OCSL analysts setting a high price target of $25.50 and a low target of $21.00, the average target price over the next 12 months is $23.44. Based on these targets, OCSL could surge 25.49% to reach the target high and rise by 3.35% to reach the target low. Reaching the average price target will result in a growth of 15.35% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. OCSL will report FY 2023 earnings on 11/30/2023. Analysts have provided yearly estimates in a range of $2.58 being high and $2.28 being low. For OCSL, this leads to a yearly average estimate of $2.46. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Oaktree Specialty Lending Corporation surprised analysts by -$0.02 when it reported $0.54 EPS against a consensus estimate of $0.56. The surprise factor in the prior quarter was -$0.03. Based on analyst estimates, the high estimate for the next quarter is $0.64 and the low estimate is $0.57. The average estimate for the next quarter is thus $0.61.


Dividends & Yield:

In terms of dividends, OCSL has a current ratio of $2.16, which is $2.16 over the trailing 12-months, while a dividend of $1.33 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and OCSL currently yields $9.97. In the past year, OCSL’s dividend yield has been $9.97, but when looking at the stock over the past five years, its yield has been $7.87. Accordingly, OCSL has a current buyback yield of $0.13. This was $0.13 for the TTM, and it was $0.25 for the past five years.

Summary of Insider Activity:

Insiders traded OCSL stock several times over the past three months with 1 Buys and 0 Sells. In these transactions, 4,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 10 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 42,181 while 0 shares were sold.

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