The price-to-earnings ratio for Oaktree Specialty Lending Corp (NASDAQ: OCSL) is above average at 18.31x. The 36-month beta value for OCSL is also noteworthy at 1.13. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for OCSL is 79.25M, and at present, short sellers hold a 0.96% of that float. The average trading volume of OCSL on September 27, 2024 was 777.33K shares.
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OCSL) stock’s latest price update
The stock of Oaktree Specialty Lending Corp (NASDAQ: OCSL) has increased by 1.32 when compared to last closing price of 15.90. Despite this, the company has experienced a 0.69% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-26 that The Federal Reserve’s 50 basis point rate cut impacts BDCs, which are sensitive to short-term rate changes, affecting their net investment income. BDCs thrive during rate hikes but face challenges with rate cuts, potentially leading to declining net investment income and increased non-accruals. I take a look at 10 leading BDCs and share my pick for the best one to own in the current environment.
OCSL’s Market Performance
Oaktree Specialty Lending Corp (OCSL) has experienced a 0.69% rise in stock performance for the past week, with a -5.51% drop in the past month, and a -14.40% drop in the past quarter. The volatility ratio for the week is 1.28%, and the volatility levels for the past 30 days are at 1.32% for OCSL. The simple moving average for the last 20 days is -1.99% for OCSL stock, with a simple moving average of -15.28% for the last 200 days.
Analysts’ Opinion of OCSL
Many brokerage firms have already submitted their reports for OCSL stocks, with Wells Fargo repeating the rating for OCSL by listing it as a “Equal Weight.” The predicted price for OCSL in the upcoming period, according to Wells Fargo is $17 based on the research report published on August 26, 2024 of the current year 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to OCSL, setting the target price at $19 in the report published on February 02nd of the current year.
OCSL Trading at -4.37% 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 -25.55% of loss for the given period.
Volatility was left at 1.32%, however, over the last 30 days, the volatility rate increased by 1.28%, as shares sank -4.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.40% lower at present.
During the last 5 trading sessions, OCSL rose by +0.69%, which changed the moving average for the period of 200-days by -20.91% in comparison to the 20-day moving average, which settled at $16.40. In addition, Oaktree Specialty Lending Corp saw -21.11% 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 1,000 shares at the price of $16.01 back on Sep 20 ’24. After this action, CALDWELL PHYLLIS R now owns 13,500 shares of Oaktree Specialty Lending Corp, valued at $16,009 using the latest closing price.
CALDWELL PHYLLIS R, the Director of Oaktree Specialty Lending Corp, purchase 1,334 shares at $16.29 during a trade that took place back on Aug 13 ’24, which means that CALDWELL PHYLLIS R is holding 12,500 shares at $21,726 based on the most recent closing price.
Stock Fundamentals for OCSL
Current profitability levels for the company are sitting at:
- 0.96 for the present operating margin
- 1.14 for the gross margin
The net margin for Oaktree Specialty Lending Corp stands at 0.39. The total capital return value is set at 0.05.
Based on Oaktree Specialty Lending Corp (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 0.19. The debt to equity ratio resting at 1.13. The interest coverage ratio of the stock is 1.3.
Currently, EBITDA for the company is 180.78 million with net debt to EBITDA at 9.5. When we switch over and look at the enterprise to sales, we see a ratio of 16.77. The receivables turnover for the company is 2.24for trailing twelve months and the total asset turnover is 0.05.
Conclusion
In summary, Oaktree Specialty Lending Corp (OCSL) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. 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.
