Oaktree Specialty Lending Corp (NASDAQ:OCSL) price on Friday, February 07, fall -0.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.48.
A look at the stock’s price movement, the close in the last trading session was $15.55, moving within a range at $15.45 and $15.615. The beta value (5-Year monthly) was 1.133 while the PE ratio in trailing twelve months stood at 21.50. Turning to its 52-week performance, $20.43 and $14.89 were the 52-week high and 52-week low respectively. Overall, OCSL moved 2.65% over the past month.
Oaktree Specialty Lending Corp’s market cap currently stands at around $1.27 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 2.20, with its dividend yield at 14.21%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 84.67M for the company’s revenue for the quarter, with a low and high estimate of 83.83M and 85.57M respectively. The average forecast suggests down to a -9.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 344.8M, representing a -9.66% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that OCSL is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend OCSL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
OCSL’s current price about -0.84% and -1.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.41, while 7-day volatility ratio is 2.14% and 1.35% in the 30-day chart. Further, Oaktree Specialty Lending Corp (OCSL) has a beta value of 1.11, and an average true range (ATR) of 0.27. Analysts have given the company’s stock an average 52-week price target of $17, forecast between a low of $17 and high of $17. Looking at the price targets, the low is -9.82% off current price level while to achieve the yearly target high, price needs to move -9.82%. Nonetheless, investors will most likely welcome a -9.82% jump to $17 which is the analysts’ median price.
If we refocus on Oaktree Specialty Lending Corp (NASDAQ:OCSL), historical trading data shows that trading volumes averaged 0.73 over the past 10 days and 814.48K over the past 3 months. The company’s latest data on shares outstanding shows there are 82.25 million shares.
The 2.70% of Oaktree Specialty Lending Corp’s shares are in the hands of company insiders while institutional holders own 35.91% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.91 million on 2024-10-31, giving us a short ratio of 1.65. The data shows that as of 2024-10-31 short interest in Oaktree Specialty Lending Corp (OCSL) stood at 109.99999999999999 of shares outstanding, with shares short rising to 0.86 million registered in 2024-09-30. Current price change has pushed the stock 1.31% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the OCSL stock continues to rise going into the next quarter.
