Oaktree Specialty Lending: Time To Capitalize On The Market's Overreaction [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
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Source: Seeking Alpha
The underperformance stems from a negative earnings surprise that is mostly linked to growing non-accruals. Yet, if we zoom out and consider the portfolio dynamics, we will notice a solid picture of healthy fundamentals that have just become cheaper due to notable share price correction. In this article, I dissect the most recent quarterly figures and explain why I think that the BDC is still an enticing buy. Earlier this year, I issued an article on Oaktree Specialty Lending ( NASDAQ: OCSL ), where I reconfirmed my buy stance on this BDC. In the Q3'23 figures and even looking back since the start of 2023, OCSL managed to successfully bring down debt, while preserving NAV and increasing exposure to first lien. As a result, we had a de-risked BDC with defensive characteristics stemming from the diversification and portfolio allocation into relatively durable and already cash flowing businesses. Yet, as the chart below indicates, the YTD performance of OCSL has not been so favo
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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