Oaktree Specialty: Fear Creates 11%-Yielding Buying Opportunity (Rating Upgrade) [Seeking Alpha]
Oaktree Specialty Lending Corporation - Closed End Fund (OCSL)
Last oaktree specialty lending corporation - closed end fund earnings: 2/6 06:00 am
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US:NASDAQ Investor Relations:
oaktreespecialtylending.com
Company Research
Source: Seeking Alpha
The BDC's focus on senior secured loans and ability to work out problematic loan situations mitigate the impact of non-accruals. Oaktree Specialty Lending's actual financial performance was strong, with growth in interest income and net investment income. The 11% yield is still covered by NII and OCSL stock is now trading near its longer-term P/NAV ratio. Oaktree Specialty Lending ( NASDAQ: OCSL ) suffered fear-driven selling pressure after the BDC's lending performance deteriorated in the December quarter. A non-characteristic rise in the non-accrual percentage caused Oaktree Specialty Lending to slide from $21.50 to $19.00 after earnings, but shares have stabilized at $19.68 now and a bottom formation is materializing. I believe the drop-off constitutes a unique buying opportunity for dividend investors as the market's reaction to the change in the non-accrual percentage seems excessive. The increase in non-accruals caused fears that Oaktree Specialty Lending may have to cut
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High impacting Oaktree Specialty Lending Corporation - Closed End Fund news events
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OCSL
News
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its price target lowered by analysts at JPMorgan Chase & Co. from $21.00 to $20.00. They now have an "overweight" rating on the stock.MarketBeat
- Should You Hold Oaktree Specialty Lending Corporation (OCSL)? [Yahoo! Finance]Yahoo! Finance
- Oaktree Specialty Lending Corporation Schedules Second Fiscal Quarter Earnings Conference Call for April 30, 2024 [Yahoo! Finance]Yahoo! Finance
- Oaktree Specialty Lending Corporation Schedules Second Fiscal Quarter Earnings Conference Call for April 30, 2024GlobeNewswire
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $21.00 price target on the stock.MarketBeat
OCSL
Earnings
- 2/1/24 - Miss
OCSL
Sec Filings
- 3/5/24 - Form 8-K
- 2/14/24 - Form 4
- 2/1/24 - Form 8-K
- OCSL's page on the SEC website