Oaktree Specialty Lending Corporation (OCSL)
| Market Cap | 1.04B -18.2% |
| Revenue (ttm) | 305.25M -17.6% |
| Net Income | 32.29M -40.9% |
| EPS | 0.37 -44.9% |
| Shares Out | 88.09M |
| PE Ratio | 32.07 |
| Forward PE | 7.96 |
| Dividend | $1.60 (13.89%) |
| Ex-Dividend Date | Mar 16, 2026 |
| Volume | 935,641 |
| Open | 11.58 |
| Previous Close | 11.52 |
| Day's Range | 11.40 - 11.87 |
| 52-Week Range | 11.28 - 16.29 |
| Beta | 0.56 |
| Analysts | Hold |
| Price Target | 13.75 (+16.23%) |
| Earnings Date | Feb 4, 2026 |
About OCSL
Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering. The firm also ... [Read more]
Financial Performance
In fiscal year 2025, Oaktree Specialty Lending's revenue was $316.80 million, a decrease of -17.00% compared to the previous year's $381.67 million. Earnings were $33.92 million, a decrease of -41.42%.
Financial StatementsAnalyst Summary
According to 4 analysts, the average rating for OCSL stock is "Hold." The 12-month stock price target is $13.75, which is an increase of 16.23% from the latest price.
News
Why BDC Dividend Cuts Matter Less Than You Think
System-wide BDC dividend cuts are highly likely as base dividend coverage averages 99% and growth is constrained. As a result, many BDC investors have decided to sit on the sidelines until the expecte...
The Hidden Math Behind Ares Capital Beating Oaktree Specialty Lending
One BDC quietly compounded wealth while the other barely moved the needle. The headline yield isn't the real story; this hidden metric is. A massive valuation gap exists, but only one looks built for ...
A Historic Opportunity For Dividend Investors To Win Big
AI panic crushed SaaS and dragged down BDCs and asset managers. Trading at steep discounts and high dividend yields, we think that this is a historic opportunity. We explain why the market got it wron...
2 BDCs To Dump Before They Cut Their Dividend
The market has become worried about BDCs mostly from the credit risk perspective. However, some of the recent earnings reports and BDC examples show that dividend cut risk has not disappeared. In this...
Oaktree Specialty Lending: Better Safe Than Sorry, I'm Still Avoiding
Oaktree Specialty Lending trades at a steep discount, P/NAV of 0.74x. The discount has pushed up the yield to a very attractive level of ~13%. The picture looks even better if we consider the fact tha...
Oaktree Specialty Lending Corporation (OCSL) Q1 2026 Earnings Call Transcript
Oaktree Specialty Lending Corporation (OCSL) Q1 2026 Earnings Call Transcript
Oaktree Specialty Lending Corporation Announces First Fiscal Quarter 2026 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results fo...
High-Yield Carnage In 2026
Multiple mortgage REITs fell by over 10% on the day. The stock driving the bus of bad dropped 33% on Friday and is continuing lower today. Preferred shares and baby bonds have consistently outperforme...
The More These High Yields Drop, The More I Buy
The market is pricing in a crisis that the data simply does not show. A misunderstood corner of credit is flashing rare value signals. The disconnect between headlines and fundamentals is growing fast...
Oaktree Specialty Lending Corporation Schedules First Fiscal Quarter Earnings Conference Call for February 4, 2026
LOS ANGELES--(BUSINESS WIRE)--Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the first...
Consider Selling BDCs Due To Lower Rates? Here's Why It's A Bad Idea
BDC net investment income levels are declining as the Fed lowers rates. Despite lower base rates, I see no reason to rotate out of the BDC sector. In the article I detail how BDCs have outperformed th...
This Is How I'm Harvesting BDC Cash Flows For My Retirement
This Is How I'm Harvesting BDC Cash Flows For My Retirement. The double-digit yields, term 'private credit,' cases like First Brands and Tricolor are just some examples that introduce a high degree of...
The Silent Killer Of BDC Yields (And My Strategy To Outrun It)
BDCs face earnings pressure from lower base rates, but fears of severe dividend cuts are overstated. Quite many BDCs have several levers to pull in order to absorb ~100 bps of base rate cuts without t...
Oaktree Specialty Lending: I Don't Trust The Dividend
Oaktree Specialty Lending faces severe portfolio performance issues, with a 6.5% cost-based non-accrual ratio and inconsistent dividend coverage. OCSL's high non-accruals, despite an 83% first-lien al...
The Hidden Risk In BDC Market That Nobody Is Talking About
BDCs are facing pressures from multiple fronts. Yet, they do not have much ammo left to fight back via portfolio growth. This is not good for shareholder and BDC managers, who earn fees based on asset...
Oaktree Specialty Lending: Pricing An Inevitable Decline
Oaktree Specialty Lending has historically generated mediocre annualized returns for buy-and-hold investors. Rising defaults and write-offs raise concerns over further dividend cuts. Structural shortc...
12% Yields: Why Blackstone Secured Lending Beats Oaktree Specialty Lending
Blackstone Secured Lending and Oaktree Specialty Lending have pulled back sharply. I compare them side by side. I share why I prefer BXSL over OCSL, and what it would take for me to buy them.
Oaktree Specialty Lending: The Yield Trap Is Still Active, Downgrade
Oaktree Specialty Lending trades at a compelling discount, which, in light of the relatively positive earnings report, might create an interesting buying opportunity. Yet, while the discount looks att...
Oaktree Specialty Lending Corporation (OCSL) Q4 2025 Earnings Call Transcript
Oaktree Specialty Lending Corporation ( OCSL) Q4 2025 Earnings Call November 18, 2025 11:00 AM EST Company Participants Clark Koury Mathew Pendo - President Armen Panossian - CEO & Co-Chief Investmen...
Oaktree Specialty Lending Corporation Announces Fourth Fiscal Quarter and Full Year 2025 Financial Results
LOS ANGELES--(BUSINESS WIRE)--Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for...
The Four Horsemen Of The BDC Apocalypse
The article highlights four major risks facing the private credit market - the four horsemen of the BDC Apocalypse. This includes lending to non-prime borrowers and receivables financing. AI-driven di...
14% Dividend Yield Is Not Enough
Dividends matter. So do losses. Look at a couple of charts and call it a day. Most people don't want to go through all the history, but we can sum up over a decade in a few images. When we compare pri...
Deeply Discounted 12%+ Yields: Blackstone Secured Lending And Oaktree Specialty Lending
The BDC sector has been hammered—but opportunity may finally be knocking. Two high-yield giants now trade at big discounts to NAV. I compare them side by side and share the scenarios in which I think ...

