What Oaktree Specialty Lending Corporation (OCSL) Insiders Are Up To

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Oaktree Specialty Lending Corporation (NASDAQ:OCSL) traded with a subtraction of -$0.02 to close at $6.91 on Friday, a downside of -0.22 percent. An average of 897,009 shares of common stock have been traded in the last five days. There was a gain of $0.16 in the past week, and it reached a new high 8 times over the past 12 months. The last 20 days have seen an average of 1,156,677 shares traded, while the 50-day average volume stands at 892,323.

OCSL stock has decreased by -0.44% in the last month. The company shares reached their 1-month lowest point of $6.61 on 12/19/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $5.75 and a high of $7.66 in 52 weeks. It has reached a new high 7 times so far this year and lost -5.24% or -$0.53 in price. In spite of this, the price is down -9.69% from the 52-week high.


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Valuation Metrics

Oaktree Specialty Lending Corporation (OCSL) has a trailing price-to-earnings (P/E) ratio of 43.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.84, the price-to-book (PB) ratio at 1.02.

The company’s most recent quarterly dividend payment was $0.32 a share, representing a up of 88.24% from $0.17 last year. Its latest increase dividend $0.15 reported on Tuesday November 15 2022.

Financial Health

Its gross profit as reported stood at $200.69 million compared to revenue of $262.52 million.

Earnings Surprise

The analyst consensus anticipated Oaktree Specialty Lending Corporation’s latest quarter earnings to come in at $0.18 per share, but it turned out to be $0.18, a 0.00% surprise. For the quarter, EBITDA amounted to $54.05 million. Shareholders own equity worth $183.37 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Oaktree Specialty Lending Corporation (OCSL) price momentum. RSI 9-day as of the close on 29 December was 55.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.42%.

As of today, OCSL’s price is $6.88 +2.36% or $0.16 from its 5-day moving average. OCSL is currently trading -3.62% lower than its 20-day SMA and -1.70% lower than its 100-day SMA. However, the stock’s current price level is +10.35% above the SMA50 and -4.28% below the SMA200.

The stochastic %K and %D were 50.87% and 46.98%, respectively, and the average true range (ATR) was 0.13. With the 14-day stochastic at 56.12% and the average true range at 0.13, the RSI (14) stands at 53.18%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.06.

Analyst Ratings

B. Riley Securities launched coverage on Oaktree Specialty Lending Corporation (NASDAQ: OCSL) in its analyst report released on October 14, 2022. The firm assigned the stock a Buy rating. The consensus rating for Oaktree Specialty Lending Corporation (OCSL) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell OCSL, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 8 others rate it as a “buy”.

What is OCSL’s price target for the next 12 months?

Analysts predict a range of price targets between $7.00 and $8.50, with a median target of $7.50. Taking a look at these predictions, the average price target given by analysts for Oaktree Specialty Lending Corporation (OCSL) stock is $7.75.

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