Oaktree Specialty Lending: Dividend Cut Is Imminent [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
Follow Play 14min Summary Oaktree Specialty Lending is downgraded to a sell due to weak distribution coverage and rising non-accrual rates, indicating a potential dividend cut. Despite a solid portfolio strategy, OCSL's net investment income and NAV have declined, with a YTD total return of negative 12.5%. Management has waived their fee in an effort to soften the negative impact of net investment income. However, this is not a sustainable long-term practice. OCSL trades at a 10.3% discount to NAV, but I prefer to wait for performance improvements and additional rate cuts before considering an entry. Non-accruals have increased to 3.7% of portfolio fair value and 5.7% at cost. Germanovich/iStock via Getty Images Overview Business Development Companies have remained one of my favorite sectors as it has helped me capitalize on the higher interest rate environment that we remain in. The appeal of the sector may be changing, however, now that the first set of intere
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OCSL
News
- Blue Owl Capital Corporation (OBDC) Q3 Earnings Lag Estimates [Yahoo! Finance]Yahoo! Finance
- Oaktree Specialty Lending Co. (NASDAQ: OCSL) had its price target lowered by analysts at Wells Fargo & Company from $17.00 to $15.50. They now have an "equal weight" rating on the stock.MarketBeat
- Oaktree Specialty Lending: Yield Chasers Should Tread Carefully (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Here's Why Oaktree Specialty Lending Corporation (OCSL) Experienced a Challenging Q3 [Yahoo! Finance]Yahoo! Finance
- Oaktree Specialty Lending: The Insider Buying Is Bullish [Seeking Alpha]Seeking Alpha
OCSL
Earnings
- 8/1/24 - Miss
OCSL
Sec Filings
- 10/28/24 - Form 40-17G
- 9/23/24 - Form 4
- OCSL's page on the SEC website