Oaktree Specialty Lending Corporation (OCSL)Financial Services | Asset Management | Los Angeles, United States | NasdaqGS
13.02 USD
+0.05
(0.386%)
⇧
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 13.02 |
Hot Take ↕ | Aug. 22, 2026, 5:52 a.m. EDT
The investment case for Oaktree Specialty Lending is currently broken by a severe multi-year structural decline. Despite the company's ability to generate cash, the stock has lost nearly 24% of its value over the last nine years, with four consecutive years of negative annual returns ending recently. This persistent price erosion signals that the market views the business quality as deteriorating, regardless of the current low valuation multiples. The dividend, while yielding over 10%, is not a safety net; the payout ratio is suspiciously low relative to the massive debt load, suggesting the company is prioritizing survival over shareholder returns, and recent headlines confirm a cut in distributions. Short-term momentum remains weak, with the statistical forecast predicting a slight further decline and options flow showing heavy insurance buying against a drop. Investors should avoid this security until the multi-year downtrend shows definitive signs of reversal. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.016343 |
| AutoETS | 0.016418 |
| MSTL | 0.016743 |
| AutoTheta | 0.018104 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 56% |
| H-stat | 1.01 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.430 |
| Excess Kurtosis | -0.36 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2026-09-14 |
| Last Dividend Date | 2026-06-14 |
| Debt to Equity Ratio | 104.518 |
| Revenue per Share | 3.317 |
| Market Cap | 1,146,873,472 |
| Trailing P/E | 27.13 |
| Forward P/E | 9.53 |
| Beta | 0.55 |
| Profit Margins | 14.45% |
| Website | https://www.oaktreespecialtylending.com |
As of Aug. 22, 2026, 5:52 a.m. EDT: Speculators are overwhelmingly positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (1.8k contracts at $10 strike vs negligible call volume). While there is some speculative call activity at the $15 strike, the volume-to-open-interest ratio suggests these are likely hedging positions rather than bullish bets. Implied volatility is significantly elevated for puts compared to calls, indicating a market consensus expecting further weakness.
| 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 | -0.06330937 |
| Address1 | 333 South Grand Avenue |
| Address2 | 28th Floor |
| All Time High | 41.85 |
| All Time Low | 6.99 |
| Ask | 13.02 |
| Ask Size | 1 |
| Average Daily Volume10 Day | 520,130 |
| Average Daily Volume3 Month | 558,807 |
| Average Volume | 558,807 |
| Average Volume10Days | 520,130 |
| Beta | 0.554 |
| Bid | 9.34 |
| Bid Size | 2 |
| Book Value | 15.701 |
| City | Los Angeles |
| Compensation As Of Epoch Date | 1,514,678,400 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 13.02 |
| Current Ratio | 3.027 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,786,665,600 |
| Day High | 13.11 |
| Day Low | 12.952 |
| Debt To Equity | 104.518 |
| Display Name | Oaktree Specialty Lending |
| Dividend Date | 1,790,726,400 |
| Dividend Rate | 1.32 |
| Dividend Yield | 10.15 |
| Earnings Call Timestamp End | 1,785,942,000 |
| Earnings Call Timestamp Start | 1,785,942,000 |
| Earnings Growth | -0.193 |
| Earnings Quarterly Growth | -0.193 |
| Earnings Timestamp | 1,785,933,000 |
| Earnings Timestamp End | 1,794,918,600 |
| Earnings Timestamp Start | 1,794,918,600 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 8.735 |
| Enterprise Value | 2,552,493,568 |
| Eps Current Year | 1.50429 |
| Eps Forward | 1.36641 |
| Eps Trailing Twelve Months | 0.48 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,789,430,400 |
| 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 | 12.2596 |
| Fifty Day Average Change | 0.7604008 |
| Fifty Day Average Change Percent | 0.062024925 |
| Fifty Two Week Change Percent | -6.3309374 |
| Fifty Two Week High | 14.31 |
| Fifty Two Week High Change | -1.29 |
| Fifty Two Week High Change Percent | -0.09014674 |
| Fifty Two Week Low | 10.63 |
| Fifty Two Week Low Change | 2.3900003 |
| Fifty Two Week Low Change Percent | 0.2248354 |
| Fifty Two Week Range | 10.63 - 14.31 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,213,277,400,000 |
| Five Year Avg Dividend Yield | 11.14 |
| Forward Eps | 1.36641 |
| Forward P E | 9.528619 |
| Free Cashflow | 89,346,496 |
| Full Exchange Name | NasdaqGS |
| Fullday Change | 0.0500002 |
| Fullday Change Percent | 0.385506 |
| Fullday Price | 13.02 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Gross Margins | 1.0 |
| Gross Profits | 292,228,992 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.00302 |
| Held Percent Institutions | 0.50125 |
| Implied Shares Outstanding | 88,085,523 |
| Industry | Asset Management |
| Industry Disp | Asset Management |
| Industry Key | asset-management |
| Is Earnings Date Estimate | 1 |
| 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 | 1,146,873,472 |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_33054673 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 42,237,000 |
| Next Fiscal Year End | 1,790,726,400 |
| Non Diluted Market Cap | 1,142,469,233 |
| Number Of Analyst Opinions | 6 |
| Open | 12.97 |
| Operating Cashflow | 106,129,000 |
| Operating Margins | 0.81604 |
| Payout Ratio | 3.2082999 |
| Peg Ratio | 0.93 |
| Phone | 213 830 6300 |
| Post Market Change | 0.0 |
| Post Market Change Percent | 0.0 |
| Post Market Price | 13.02 |
| Post Market Time | 1,787,959,806 |
| Previous Close | 12.97 |
| Price Eps Current Year | 8.655247 |
| Price Hint | 2 |
| Price To Book | 0.8292466 |
| Price To Sales Trailing12 Months | 3.924571 |
| Profit Margins | 0.14453 |
| Quick Ratio | 2.863 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 0.0500002 |
| Regular Market Change Percent | 0.385506 |
| Regular Market Day High | 13.11 |
| Regular Market Day Low | 12.952 |
| Regular Market Day Range | 12.952 - 13.11 |
| Regular Market Open | 12.97 |
| Regular Market Previous Close | 12.97 |
| Regular Market Price | 13.02 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 314,847 |
| Return On Assets | 0.05192 |
| Return On Equity | 0.02954 |
| Revenue Growth | -0.078 |
| Revenue Per Share | 3.317 |
| Sand P52 Week Change | 0.20204377 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Shares Outstanding | 88,085,523 |
| Shares Percent Shares Out | 0.0343 |
| Shares Short | 3,025,430 |
| Shares Short Previous Month Date | 1,784,073,600 |
| Shares Short Prior Month | 3,668,296 |
| Short Name | Oaktree Specialty Lending Corpo |
| Short Percent Of Float | 0.0344 |
| Short Ratio | 5.49 |
| Source Interval | 15 |
| State | CA |
| Symbol | OCSL |
| Target High Price | 13.5 |
| Target Low Price | 11.5 |
| Target Mean Price | 12.5 |
| Target Median Price | 12.5 |
| Total Cash | 39,921,000 |
| Total Cash Per Share | 0.453 |
| Total Debt | 1,445,540,992 |
| Total Revenue | 292,228,992 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 1.5 |
| Trailing Annual Dividend Yield | 0.1156515 |
| Trailing Eps | 0.48 |
| Trailing P E | 27.125002 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 12.32315 |
| Two Hundred Day Average Change | 0.6968508 |
| Two Hundred Day Average Change Percent | 0.056548107 |
| Type Disp | Equity |
| Volume | 314,847 |
| Website | https://www.oaktreespecialtylending.com |
| Zip | 90,071 |