Oaktree Specialty Lending

Oaktree Specialty Lending Corp. is a specialty finance company, which engages in the provision of customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. Its portfolio include first lien, second lien, kemper jv, and equity. The company was founded on February 15, 2007 and is headquartered in Los Angeles, CA.

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Oaktree Specialty Lending navigates challenges, eyes strategic opportunities ahead

Oaktree Specialty Lending faced challenges in Q3 2024 with a slight decline in adjusted NII and increased nonaccruals, yet maintained strong liquidity and a selective investment strategy. The company remains optimistic about future investment opportunities.

Oaktree Specialty Lending (OCSL) reports stable earnings and strategic growth

Oaktree Specialty Lending (OCSL) delivered stable financial performance in Q4 2024, with a strong full-year fiscal 2024 outcome.
The company showcased financial strength with a healthy balance sheet, robust investment activity, and a well-diversified portfolio.
Challenges lie in navigating market uncertainties and addressing analyst concerns, while opportunities abound in seizing new investments and optimizing performance.
With a strategic leadership update and key investments, OCSL is poised to leverage its strengths and capitalize on emerging opportunities.

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American stocks have done well this year, with the S&P 500 and the Nasdaq 100 indices rising by double digits. Inflation has stabilised slightly above 3% while yield is everywhere.

3 BDC stocks with over 9% dividend yields to buy

Oaktree Specialty Lending offers a high 11% yield and has the potential for future growth due to high interest rates. The company is not affected by inverted yield curves and can pass on wide spreads to investors through dividends. Oaktree's loans are mostly floating rates, so the company can benefit from rate hikes.

Oaktree Specialty Lending: Now's The Time To Get Interested

Oaktree Specialty Lending Corporation offers a solid 11% yield, but the stock is currently not a buy. The BDC experienced a decline in credit quality in the second quarter but still managed to cover its dividend easily. The discount to net asset value has disappeared, and Oaktree Specialty Lending now sells at a 2% premium.

Oaktree Specialty Lending: Solid 11% Yield, But Don't Chase (Downgrade)

Oaktree Specialty Lending is a private credit actor with $179 billion AuM, with a flexible investment strategy. OCSL focuses on first lien loans but also holds a mix of second lien loans, mezzanine, unsecured debt, preferred equity, and equity co-investments. OCSL sees market opportunities in non-sponsored lending, sponsor-related financings, opportunistic private credit, and depressed public credit.

Oaktree Speciality Lending: Portfolio Diversifier Yielding 11%

LOS ANGELES, CA, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“OCSL” or the “Company”), a specialty finance company, today announced that it has priced an underwritten public offering of $300.0 million aggregate principal amount of 7.100% notes due 2029. The notes will mature on February 15, 2029 and may be redeemed in whole or in part at the Company's option at any time at par plus a “make-whole” premium, if applicable.

Oaktree Specialty Lending Corporation Prices Public Offering of $300,000,000 7.100% Notes due 2029

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q3 2023 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Michael Mosticchio - Head, Investor Relations Armen Panossian - Chief Executive Officer and Chief Investment Officer Matt Pendo - President Chris McKown - Chief Financial Officer and Treasurer Matt Stewart - Chief Operating Officer Conference Call Participants Erik Zwick - Hovde Group Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Ryan Lynch - KBW Kyle Joseph - Jefferies Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation's Third Fiscal Quarter 2023 Conference Call.

Oaktree Specialty Lending Corporation (OCSL) Q3 2023 Earnings Call Transcript

The headline numbers for Oaktree Specialty Lending (OCSL) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Oaktree Specialty Lending (OCSL) Q3 Earnings: A Look at Key Metrics

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.51 per share a year ago.

Oaktree Specialty Lending (OCSL) Q3 Earnings Miss Estimates

LOS ANGELES, CA, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended June 30, 2023.

Oaktree Specialty Lending Corporation Announces Third Fiscal Quarter 2023 Financial Results and Declares Distribution of $0.55 Per Share

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This article discusses dividend coverage for two BDCs currently yielding around 11% including supplemental dividends. We suggest one of these companies with a list of positives that investors should consider. One of the largest mistakes that BDC investors make is focusing on historical dividend coverage instead of projected dividend coverage which is heavily reliant on portfolio credit quality.

Oaktree Or New Mountain For Solid 11% Yield?

We recently topped up our allocation to Oaktree Specialty Lending Corporation on the back of three key reasons. These reasons have to do with the stock's valuation, its significant upside potential and its higher-quality portfolio - an asset in a weak macro environment. We pared down our allocation to another BDC, Carlyle Secured Lending Inc., to rotate to Oaktree Specialty Lending Corporation.

Oaktree Specialty Lending: Topping Up Our Position In This 11.5% Yielding BDC

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We take a look at the action in business development companies through the last week of June and highlight some of the key themes we are watching. BDCs had a good week, capping off a great June with a 6% rally. Our view remains that the opportunity from additional lending due to potential regional bank pullback is less than commonly advertised.

BDC Weekly Review: Opportunity From Regional Bank Pullback Less Than Advertised

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, June 29, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the third fiscal quarter ended June 30, 2023 before the opening of the Nasdaq Global Select Market on Thursday, August 3, 2023.

Oaktree Specialty Lending Corporation Schedules Third Fiscal Quarter Earnings Conference Call for August 3, 2023

Growing 11+% Yields For Retirement: Ares Capital And Oaktree Specialty Lending

Business Development Companies (BDCs) offer high income flows for investors by pooling money and investing in small and medium-sized companies, often with high interest rates on loans. Oaktree Specialty Lending Corporation is a BDC with a $3.2 billion investment portfolio, providing investors with strong income and decent growth since 2007. OCSL's diverse portfolio, growing dividend, and disciplined management make it a solid BDC for income-oriented investors, despite potential risks from economic decline or rising interest rates.

Oaktree Specialty Lending Corporation: Look No Further For A Best-In-Class BDC

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We take a look at the action in business development companies through the first week of June and highlight some of the key themes we are watching. BDCs had a strong week as the debt ceiling resolution supported risk sentiment. BDC screens can be useful in identifying opportunities but require care.

BDC Weekly Review: Take Care When Running BDC Screens

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We take a look at the action in business development companies through the fourth week of May and highlight some of the key themes we are watching. BDCs were up slightly this week, with a return dispersion of around 8%. Lots of BDCs are asking shareholders to approve their capacity to issue shares below the NAV.

BDC Weekly Review: Why Are BDCs Asking To Issue Shares Below NAV?

Oaktree Specialty Lending has an improving dividend coverage trend, despite originations dropping in 1Q-23. Portfolio quality took a hit in the last quarter, but the company said it views the increase in non-accrual ratio as temporary as it works out short-term solutions.

Oaktree Specialty Lending: Get An 11.9% Yield At A Discount To NAV

Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q2 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Michael Mosticchio - Head of Investor Relations Matt Pendo - President Armen Panossian - Chief Executive Officer & Chief Investment Officer Chris McKown - Chief Financial Officer & Treasurer Matt Stewart - Chief Operating Officer Conference Call Participants Kevin Fultz - JMP Securities Erik Zwick - Hovde Group Ryan Lynch - KBW Melissa Wedel - JPMorgan Bryce Rowe - B. Riley Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation Second Fiscal Quarter 2023 Conference Call.

Oaktree Specialty Lending Corporation (OCSL) Q2 2023 Earnings Call Transcript

Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.62 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.54 per share a year ago.

Oaktree Specialty Lending (OCSL) Meets Q2 Earnings Estimates

LOS ANGELES, May 04, 2023 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended March 31, 2023.

Oaktree Specialty Lending Corporation Announces Second Fiscal Quarter 2023 Financial Results and Declares Distribution of $0.55 Per Share

11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time

Oaktree Specialty Lending Corporation Schedules Second Fiscal Quarter Earnings Conference Call for May 4, 2023

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The massive beatdown in mortgage REITs and BDCs triggered a wave of upgrades. It was quite a while since we had so many bullish outlooks for the sector.

Big Opportunity For Big Yields

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We take a look at the action in business development companies through the third week of February and highlight some of the key themes we are watching. BDCs had a strong week, bouncing back due to continuing strong earnings.

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We discuss quarterly results from the BDC Oaktree Specialty Lending Corp and highlight key income dynamics of the portfolio. OCSL delivered an 11% net income gain and raised its dividend once again.

Oaktree Specialty Lending: Another Quarter, Another Dividend Hike For This 10.9%-Yielding BDC

News for Oaktree Specialty Lending ETF (OCSL)