OCSL Stock Summary and Trading Ideas (Oaktree Specialty Lending - Closed End | NASDAQ:OCSL)

Oaktree Specialty Lending Corp is a specialty finance company. It provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. Its investments generally range in size from ten million dollars to hundred million dollars and are principally in the form of the first lien, second lien, or collectively, senior secured, and subordinated debt investments, which may also include an equity component made in connection with investments by private equity sponsors.

Oaktree Specialty Lending - Closed End trades on the NASDAQ stock market under the symbol OCSL.

As of April 23, 2024, OCSL stock price climbed to $19.64 with 592,487 million shares trading.

OCSL has a beta of 0.47, meaning it tends to be less sensitive to market movements. OCSL has a correlation of 0.11 to the broad based SPY ETF.

OCSL has a market cap of $1.55 billion. This is considered a Small Cap stock.

Last quarter Oaktree Specialty Lending - Closed End reported $98 million in Revenue and $.57 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.04.

In the last 3 years, OCSL stock traded as high as $23.43 and as low as $17.59.

The top ETF exchange traded funds that OCSL belongs to (by Net Assets): BIZD, VPC.

OCSL has underperformed the market in the last year with a return of +16.9%, while the SPY ETF gained +24.3%. In the last 3 month period, OCSL fell short of the market, returning -5.7%, while SPY returned +4.9%. However, in the most recent 2 weeks OCSL has outperformed the stock market by returning +0.6%, while SPY returned -2.5%.

OCSL support price is $19.45 and resistance is $19.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OCSL stock will trade within this expected range on the day.