Oaktree Specialty Lending Corporation (OCSL)Financial Services | Asset Management | Los Angeles, United States | NasdaqGS
12.03 USD
-0.09
(-0.743%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 12.05 +0.02 (0.135%) ⇧ (July 13, 2026, 5:50 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6:47 a.m. EDT
The investment case for Oaktree Specialty Lending is currently defined by a severe disconnect between its attractive yield and its deteriorating business reality. While the 13% dividend yield appears generous on the surface, the payout ratio of nearly 275% reveals that the company is distributing far more cash than it generates, effectively burning through capital reserves to maintain the payout. This is confirmed by the recent news of a dividend cut and the company's negative free cash flow. Fundamentally, the business is under significant pressure. Revenue has contracted by nearly 10%, and the stock has suffered four consecutive years of negative annual returns, dropping over 22% in the most recent fiscal year. The market has correctly priced this structural decline, pushing the share price well below book value. Although the balance sheet shows a healthy current ratio, the inability to generate operating cash flow to cover debt service and dividends creates a precarious situation for a lender. Short-term, the stock is trading near its 52-week lows, offering some relief from further immediate drops, but the statistical forecast models suggest a slight negative bias over the next month. The options market reflects this pessimism, with traders buying deep protection rather than betting on a rebound. Until the company demonstrates a path to restoring positive cash flow and stabilizing revenue, the high yield is a dangerous trap rather than a reliable income source. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.030155 |
| MSTL | 0.036730 |
| AutoETS | 0.037034 |
| AutoARIMA | 0.037036 |
| MSTL_79 | 0.038262 |
| MSTL_105 | 0.047762 |
| MSTL_79_105 | 0.050573 |
Forecast horizon: 60 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 52% |
| H-stat | 2.40 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.319 |
| Excess Kurtosis | -0.18 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-06-14 |
| Last Dividend Date | 2026-06-14 |
| Debt to Equity Ratio | 107.62 |
| Revenue per Share | 3.384 |
| Market Cap | 1,059,668,800 |
| Trailing P/E | 20.39 |
| Forward P/E | 8.77 |
| Beta | 0.57 |
| Profit Margins | 16.66% |
| Website | https://www.oaktreespecialtylending.com |
As of July 11, 2026, 6:47 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in out-of-the-money puts expiring in August and November compared to negligible call volume. The heavy concentration of put volume at the $10 strike suggests a collective fear of a breach of key support levels, while call activity remains thin and focused on near-term anchors, indicating a lack of speculative bullish momentum.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 2.90% | 12.74% | 12.49% | 11.92% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-15 | 0.340 | 2.898551 |
| 2026-03-16 | 0.400 | 3.710575 |
| 2025-12-15 | 0.400 | 3.105590 |
| 2025-09-15 | 0.400 | 3.021148 |
| 2025-06-16 | 0.420 | 3.070175 |
| 2025-03-17 | 0.470 | 3.042071 |
| 2024-12-16 | 0.550 | 3.578400 |
| 2024-09-16 | 0.550 | 3.414028 |
| 2024-06-14 | 0.550 | 2.905441 |
| 2024-03-14 | 0.550 | 2.879581 |
| 2023-12-14 | 0.620 | 3.083043 |
| 2023-09-14 | 0.550 | 2.769386 |
| 2023-06-14 | 0.550 | 2.848265 |
| 2023-03-14 | 0.550 | 3.010399 |
| 2022-12-14 | 0.960 | 4.705882 |
| 2022-09-14 | 0.510 | 2.595420 |
| 2022-06-14 | 0.495 | 2.582160 |
| 2022-03-14 | 0.480 | 2.231520 |
| 2021-12-14 | 0.465 | 2.126200 |
| 2021-09-14 | 0.435 | 2.039381 |
| 2021-06-14 | 0.390 | 1.931649 |
| 2021-03-12 | 0.360 | 1.913876 |
| 2020-12-14 | 0.330 | 2.007299 |
| 2020-09-14 | 0.315 | 2.100000 |
| 2020-06-12 | 0.285 | 2.106430 |
| 2020-03-12 | 0.285 | 2.467532 |
| 2019-12-12 | 0.285 | 1.802656 |
| 2019-09-12 | 0.285 | 1.809524 |
| 2019-06-13 | 0.285 | 1.749539 |
| 2019-03-14 | 0.285 | 1.826923 |
| 2018-12-14 | 0.285 | 2.209302 |
| 2018-09-13 | 0.285 | 1.896208 |
| 2018-06-14 | 0.285 | 2.016985 |
| 2018-03-14 | 0.255 | 1.940639 |
| 2017-12-14 | 0.375 | 2.637131 |
| 2017-09-14 | 0.375 | 2.323420 |
| 2017-06-13 | 0.060 | 0.492611 |
| 2017-03-13 | 0.060 | 0.442478 |
| 2017-02-13 | 0.180 | 1.330377 |
| 2017-01-11 | 0.180 | 1.083032 |
| 2016-12-13 | 0.180 | 1.084991 |
| 2016-11-10 | 0.180 | 1.073345 |
| 2016-10-12 | 0.180 | 1.045296 |
| 2016-09-13 | 0.180 | 1.041667 |
| 2016-08-11 | 0.180 | 1.045296 |
| 2016-07-13 | 0.180 | 1.127820 |
| 2016-06-13 | 0.180 | 1.221996 |
| 2016-05-11 | 0.180 | 1.165049 |
| 2016-04-13 | 0.180 | 1.129943 |
| 2016-03-11 | 0.180 | 1.204819 |
| 2016-02-10 | 0.180 | 1.255230 |
| 2016-01-13 | 0.180 | 1.145038 |
| 2015-12-11 | 0.180 | 0.956938 |
| 2015-11-12 | 0.180 | 0.993377 |
| 2015-10-13 | 0.180 | 0.964630 |
| 2015-09-11 | 0.180 | 0.936037 |
| 2015-08-12 | 0.180 | 0.918836 |
| 2015-07-13 | 0.180 | 0.920245 |
| 2015-06-11 | 0.180 | 0.879765 |
| 2015-05-13 | 0.180 | 0.847458 |
| 2015-04-13 | 0.180 | 0.846262 |
| 2015-03-12 | 0.180 | 0.853485 |
| 2015-01-13 | 0.276 | 1.163085 |
| 2014-12-11 | 0.276 | 1.124694 |
| 2014-11-12 | 0.276 | 1.043084 |
| 2014-10-10 | 0.276 | 1.036036 |
| 2014-09-11 | 0.276 | 0.936864 |
| 2014-08-13 | 0.249 | 0.846939 |
| 2014-07-11 | 0.249 | 0.853032 |
| 2014-06-12 | 0.249 | 0.883919 |
| 2014-05-13 | 0.249 | 0.903156 |
| 2014-04-11 | 0.249 | 0.887701 |
| 2014-03-12 | 0.249 | 0.880170 |
| 2014-02-12 | 0.249 | 0.863684 |
| 2014-01-13 | 0.249 | 0.884861 |
| 2013-12-11 | 0.150 | 0.548847 |
| 2013-11-13 | 0.288 | 0.945813 |
| 2013-10-10 | 0.288 | 0.945813 |
| 2013-09-11 | 0.288 | 0.903955 |
| 2013-08-13 | 0.288 | 0.903104 |
| 2013-07-11 | 0.288 | 0.895522 |
| 2013-06-12 | 0.288 | 0.946746 |
| 2013-05-13 | 0.288 | 0.892193 |
| 2013-04-11 | 0.288 | 0.897196 |
| 2013-03-13 | 0.288 | 0.885609 |
| 2013-02-13 | 0.288 | 0.882353 |
| 2013-01-11 | 0.288 | 0.892193 |
| 2012-12-12 | 0.288 | 0.915157 |
| 2012-11-13 | 0.288 | 0.941176 |
| 2012-10-11 | 0.288 | 0.888067 |
| 2012-09-12 | 0.288 | 0.888889 |
| 2012-08-13 | 0.288 | 0.928433 |
| 2012-07-11 | 0.288 | 0.954274 |
| 2012-06-13 | 0.288 | 1.005236 |
| 2012-05-11 | 0.288 | 1.000000 |
| 2012-04-11 | 0.288 | 1.016949 |
| 2012-03-13 | 0.288 | 0.966767 |
| 2012-02-13 | 0.288 | 0.934761 |
| 2012-01-11 | 0.288 | 0.942100 |
| 2011-12-09 | 0.321 | 1.074297 |
| 2011-11-10 | 0.321 | 1.089613 |
| 2011-10-12 | 0.321 | 1.096311 |
| 2011-08-30 | 0.321 | 1.079717 |
| 2011-07-28 | 0.321 | 0.996276 |
| 2011-06-29 | 0.321 | 0.924007 |
| 2011-05-27 | 0.321 | 0.872757 |
| 2011-04-28 | 0.321 | 0.810606 |
| 2011-03-30 | 0.321 | 0.801498 |
| 2011-02-25 | 0.321 | 0.781022 |
| 2011-01-28 | 0.321 | 0.821813 |
| 2010-12-31 | 0.321 | 0.881384 |
| 2010-11-29 | 0.330 | 0.949914 |
| 2010-11-01 | 0.330 | 0.936968 |
| 2010-10-04 | 0.300 | 0.910747 |
| 2010-08-30 | 0.300 | 1.007049 |
| 2010-05-18 | 0.960 | 2.646816 |
| 2010-03-01 | 0.900 | 2.702703 |
| 2009-12-08 | 0.810 | 2.719033 |
| 2009-09-03 | 0.750 | 2.620545 |
| 2009-05-21 | 0.750 | 2.815315 |
| 2008-12-26 | 1.140 | 5.039788 |
| 2008-12-17 | 0.960 | 3.931204 |
| 2008-09-08 | 0.930 | 2.883721 |
| Attribute | Value |
|---|---|
| 52 Week Change | -0.16298342 |
| Address1 | 333 South Grand Avenue |
| Address2 | 28th Floor |
| All Time High | 41.85 |
| All Time Low | 6.99 |
| Ask | 15.55 |
| Ask Size | 2 |
| Average Analyst Rating | 3.0 - Hold |
| Average Daily Volume10 Day | 526,380 |
| Average Daily Volume3 Month | 759,100 |
| Average Volume | 759,100 |
| Average Volume10Days | 526,380 |
| Beta | 0.566 |
| Bid | 8.69 |
| Bid Size | 2 |
| Book Value | 15.69 |
| City | Los Angeles |
| Compensation As Of Epoch Date | 1,514,678,400 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 12.03 |
| Current Ratio | 4.796 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 12.24 |
| Day Low | 12.03 |
| Debt To Equity | 107.62 |
| Display Name | Oaktree Specialty Lending |
| Dividend Date | 1,782,777,600 |
| Dividend Rate | 1.54 |
| Dividend Yield | 12.71 |
| Earnings Call Timestamp End | 1,785,960,000 |
| Earnings Call Timestamp Start | 1,785,960,000 |
| Earnings Timestamp | 1,785,933,000 |
| Earnings Timestamp End | 1,785,933,000 |
| Earnings Timestamp Start | 1,785,933,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 8.373 |
| Enterprise Value | 2,495,790,848 |
| Eps Current Year | 1.49612 |
| Eps Forward | 1.37173 |
| Eps Trailing Twelve Months | 0.59 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,781,481,600 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fax | 213 830 6293 |
| Fifty Day Average | 11.9864 |
| Fifty Day Average Change | 0.043600082 |
| Fifty Day Average Change Percent | 0.0036374629 |
| Fifty Two Week Change Percent | -16.298342 |
| Fifty Two Week High | 14.77 |
| Fifty Two Week High Change | -2.7400007 |
| Fifty Two Week High Change Percent | -0.18551122 |
| Fifty Two Week Low | 10.63 |
| Fifty Two Week Low Change | 1.3999996 |
| Fifty Two Week Low Change Percent | 0.13170269 |
| Fifty Two Week Range | 10.63 - 14.77 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,213,277,400,000 |
| Five Year Avg Dividend Yield | 11.14 |
| Forward Eps | 1.37173 |
| Forward P E | 8.769947 |
| Free Cashflow | -4,649,500 |
| Full Exchange Name | NasdaqGS |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 298,067,008 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.003 |
| Held Percent Institutions | 0.4241 |
| Implied Shares Outstanding | 88,085,523 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 0 |
| Language | en-US |
| Last Dividend Date | 1,781,481,600 |
| Last Dividend Value | 0.34 |
| Last Fiscal Year End | 1,759,190,400 |
| Last Split Date | 1,674,432,000 |
| Last Split Factor | 1:3 |
| Long Business Summary | 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 seeks investment in media, advertising sectors, software, IT services, pharmaceuticals, biotechnology, real estate management and development, chemicals, machinery, and internet and direct marketing retail sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies. The firm invest in companies having enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies. |
| Long Name | Oaktree Specialty Lending Corporation |
| Market | us_market |
| Market Cap | 1,059,668,800 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_33054673 |
| Most Recent Quarter | 1,774,915,200 |
| Net Income To Common | 49,649,000 |
| Next Fiscal Year End | 1,790,726,400 |
| Non Diluted Market Cap | 1,067,596,538 |
| Number Of Analyst Opinions | 6 |
| Open | 12.15 |
| Operating Cashflow | 69,647,000 |
| Operating Margins | 0.85227996 |
| Payout Ratio | 2.7457998 |
| Peg Ratio | 0.93 |
| Phone | 213 830 6300 |
| Post Market Change | 0.016200066 |
| Post Market Change Percent | 0.1346639 |
| Post Market Price | 12.0462 |
| Post Market Time | 1,783,979,410 |
| Previous Close | 12.12 |
| Price Eps Current Year | 8.040799 |
| Price Hint | 2 |
| Price To Book | 0.7667304 |
| Price To Sales Trailing12 Months | 3.5551362 |
| Profit Margins | 0.16657 |
| Quick Ratio | 4.478 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | hold |
| Recommendation Mean | 3.0 |
| Region | US |
| Regular Market Change | -0.0900002 |
| Regular Market Change Percent | -0.742576 |
| Regular Market Day High | 12.24 |
| Regular Market Day Low | 12.03 |
| Regular Market Day Range | 12.03 - 12.24 |
| Regular Market Open | 12.15 |
| Regular Market Previous Close | 12.12 |
| Regular Market Price | 12.03 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 422,016 |
| Return On Assets | 0.052259997 |
| Return On Equity | 0.03475 |
| Revenue Growth | -0.093 |
| Revenue Per Share | 3.384 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 88,085,523 |
| Shares Percent Shares Out | 0.041100003 |
| Shares Short | 3,619,202 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 3,394,113 |
| Short Name | Oaktree Specialty Lending Corpo |
| Short Percent Of Float | 0.041199997 |
| Short Ratio | 5.72 |
| Source Interval | 15 |
| State | CA |
| Symbol | OCSL |
| Target High Price | 13.5 |
| Target Low Price | 11.5 |
| Target Mean Price | 12.43333 |
| Target Median Price | 12.5 |
| Total Cash | 51,261,000 |
| Total Cash Per Share | 0.582 |
| Total Debt | 1,487,383,040 |
| Total Revenue | 298,067,008 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.6 |
| Trailing Annual Dividend Yield | 0.1320132 |
| Trailing Eps | 0.59 |
| Trailing P E | 20.389832 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 12.47745 |
| Two Hundred Day Average Change | -0.44745064 |
| Two Hundred Day Average Change Percent | -0.035860743 |
| Type Disp | Equity |
| Volume | 422,016 |
| Website | https://www.oaktreespecialtylending.com |
| Zip | 90,071 |