Is Oaktree Specialty Lending Corporation (OCSL) Price Targeted To Increase?

As of Friday close, Oaktree Specialty Lending Corporation’s (NASDAQ:OCSL) stock was up $0.11, moving up 1.59 percent to $7.05. The average number of shares traded per day over the past five days has been 1,805,320 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 1,216,270, while in the previous 50 days, it was 1,038,570.

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Since last month, OCSL stock retreated -5.50%. Shares of the company fell to $6.83 on 05/12/22, the lowest level in the past month. A 52-week high of $7.81 was reached on 01/13/22 after having rallying from a 52-week low of $6.42. Since the beginning of this year, OCSL’s stock price has dropped by -5.50% or -$0.41, and marked a new high 7 times. However, the stock has declined by -9.73% since its 52-week high.

Oaktree Specialty Lending Corporation (OCSL) last reported insider trading activity 3 days ago on May 11. CALDWELL PHYLLIS R, the Director of the company, purchased of 5,000 shares for $7.04 on May 11. It resulted in a $35,184 investment by the insider. Pendo Mathew added 18,381 shares at an average price of $7.06 on May 09. The insider now owns 103,591 shares following the transaction. On Mar 04, Chief Compliance Officer Pak Ashley bought 2,600 shares at $7.42 apiece. The transaction was valued at $19,288.

Valuation Metrics

Right now, Oaktree Specialty Lending Corporation (OCSL) has a P/E ratio of about 4.82. Besides these, the trailing price-to-sales (P/S) ratio of 5.39, the price-to-book (PB) ratio of 0.97.

The latest dividend of $0.1650 per share was paid out, which is 3.13% more than last year’s $0.16. On Thursday May 5 2022, a $0.0050 dividend increase was announced.

Financial Health

Based on annual data, OCSL earned $133.65 million in gross profit and brought in $209.38 million in revenue.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Oaktree Specialty Lending Corporation to report $0.15 quarterly earnings, the actual figure was $0.16 per share, beating the consensus estimate by 6.70%. During the quarter, the company generated $50.95 million in EBITDA. The liabilities of Oaktree Specialty Lending Corporation were 1.43 billion at the end of its most recent quarter ended September 29, and its total debt was $1.29 billion. The value of shareholders’ equity is $183.37 million.

Technical Picture

This quick technical analysis looks at Oaktree Specialty Lending Corporation’s (OCSL) price momentum. With a historical volatility rate of 30.39%, the RSI 9-day stood at 40.88% on 13 May.

With respect to its five-day moving average, the current Oaktree Specialty Lending Corporation price is down by -3.16% percent or -$0.23. At present, OCSL shares trade -4.99% below its 20-day simple moving average and -3.03% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.87% below its SMA50 and +3.68% above its SMA200.

Stochastic coefficient K was 21.20% and Stochastic coefficient D was 16.06%, while ATR was 0.17. Given the Stochastic reading of 36.07% for the 14-day period, the RSI (14) reading has been calculated as 41.11%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.16.

Analyst Ratings

Oppenheimer launched its rating on Oaktree Specialty Lending Corporation (NASDAQ: OCSL) to an Outperform in a note to investors on June 24, 2021. Oaktree Specialty Lending Corporation (OCSL) has been rated Buy by analysts. According to 0 brokerage firms, OCSL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Oaktree Specialty Lending Corporation stock as buy, with 7 recommending it as overweight.

With a median target price of $8.50, the current consensus forecast for the stock is $7.75 – $8.50. Based on these forecasts, analysts predict Oaktree Specialty Lending Corporation (OCSL) will achieve an average price target of $8.25.


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