The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Oaktree Specialty Lending Corporation (OCSL) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.33, or 1.70%, to $19.69. The Oaktree Specialty Lending Corporation has recorded 6,661 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Oaktree Specialty Lending Corporation Announces First Fiscal Quarter 2023 Financial Results and Declares Increased Distribution of $0.55 Per Share.
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Oaktree Specialty Lending Corporation is listed on the NASDAQ as a member of the Financial sector and is a part of the Credit Services industry. At the end of the last regular session, the stock closed at $19.36 and fluctuated between $20.10 as its day high and $19.33 as its day low. The current market capitalization of Oaktree Specialty Lending Corporation is $1.49B. A total of 0.91 million shares were traded on the day, compared to an average of 529.24K shares.
Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, OCSL has seen 1 BUY and 0 SELL insider trades, representing the acquisition of 3,800 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 0 SELLs from insiders. Insiders purchased 38,681 shares during that period but sold 0.
In the most recent transaction, Pendo Mathew bought 680 shares of OCSL for 19.72 per share on Feb 09. After the transaction, the President now owns 37,979 company shares. In a previous transaction on Dec 30, CALDWELL PHYLLIS R bought 3,800 shares at 6.96 per share. OCSL shares that Director owns now total 23,000.
Among the insiders who bought shares, CALDWELL PHYLLIS R acquired of 4,000 shares on Dec 09 at a per-share price of $7.00. This resulted in the Director holding 19,200 shares of OCSL after the transaction. In another insider transaction, CALDWELL PHYLLIS R bought 2,500 shares at $6.49 per share on Jun 29. Company shares held by the Director now total 15,200.
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Oaktree Specialty Lending Corporation pays an annual dividend of $2.20, resulting in a dividend yield of 11.36%, and it has a price to earnings (P/E) ratio of 484.00. OCSL’s most recent ex-dividend date was 3/14/2023 when it declared a $0.55 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/30/2022 with an ex-dividend date of 12/14/2022. The OCSL stock dividend was $0.96 per share in cash.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for OCSL in the last 3 months, the mean price target is $22.75 with high estimates of $25.50 and low estimates of $20.50. In terms of 52-week highs and lows, OCSL has a high of $22.38 and a low of $17.25.
As of this writing, OCSL has an earnings estimate of $0.62 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.64 per share and a lower estimate of $0.6. The company reported an EPS of $0.54 in the last quarter, which was -1.80% lower than expectations of $0.55.
Balance Sheet Annually/Quarterly
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for OCSL is Overweight with a score of 5.00. A total of 8 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.