The price-to-earnings ratio for Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is above average at 12.57x, Company’s 36-month beta value is 1.10.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for OCSL is 75.96M, and currently, short sellers hold a 3.24% ratio of that floaft. The average trading volume of OCSL on April 12, 2024 was 687.35K shares.
OCSL) stock’s latest price update
Oaktree Specialty Lending Corporation (NASDAQ: OCSL) has seen a rise in its stock price by 0.26 in relation to its previous close of 19.43. However, the company has experienced a 0.83% gain in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-04-01 that 11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, April 01, 2024 (GLOBE NEWSWIRE) — Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the second fiscal quarter ended March 31, 2024 before the opening of the Nasdaq Global Select Market on Tuesday, April 30, 2024.
OCSL’s Market Performance
OCSL’s stock has risen by 0.83% in the past week, with a monthly drop of -2.26% and a quarterly drop of -8.20%. The volatility ratio for the week is 0.82% while the volatility levels for the last 30 days are 1.13% for Oaktree Specialty Lending Corporation The simple moving average for the last 20 days is 0.55% for OCSL stock, with a simple moving average of -2.07% for the last 200 days.
Analysts’ Opinion of OCSL
Many brokerage firms have already submitted their reports for OCSL stocks, with Keefe Bruyette repeating the rating for OCSL by listing it as a “Mkt Perform.” The predicted price for OCSL in the upcoming period, according to Keefe Bruyette is $19 based on the research report published on February 02, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see OCSL reach a price target of $21. The rating they have provided for OCSL stocks is “Neutral” according to the report published on January 08th, 2024.
Hovde Group gave a rating of “Market Perform” to OCSL, setting the target price at $21 in the report published on August 04th of the previous year.
OCSL Trading at -1.14% from the 50-Day Moving Average
After a stumble in the market that brought OCSL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.98% of loss for the given period.
Volatility was left at 1.13%, however, over the last 30 days, the volatility rate increased by 0.82%, as shares sank -1.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.31% lower at present.
During the last 5 trading sessions, OCSL rose by +0.83%, which changed the moving average for the period of 200-days by +4.00% in comparison to the 20-day moving average, which settled at $19.36. In addition, Oaktree Specialty Lending Corporation saw -4.60% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at OCSL starting from CALDWELL PHYLLIS R, who purchase 2,000 shares at the price of $20.07 back on Feb 12 ’24. After this action, CALDWELL PHYLLIS R now owns 11,166 shares of Oaktree Specialty Lending Corporation, valued at $40,130 using the latest closing price.
Stock Fundamentals for OCSL
Current profitability levels for the company are sitting at:
- 1.55 for the present operating margin
- 1.17 for the gross margin
The net margin for Oaktree Specialty Lending Corporation stands at 0.94. The total capital return value is set at 0.06.
Based on Oaktree Specialty Lending Corporation (OCSL), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 1.15. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 180.78 million with net debt to EBITDA at 7.04. When we switch over and look at the enterprise to sales, we see a ratio of 24.91. The receivables turnover for the company is 1.21for trailing twelve months and the total asset turnover is 0.04.
Conclusion
In a nutshell, Oaktree Specialty Lending Corporation (OCSL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
