Oaktree Specialty Lending Corporation (NASDAQ: OCSL) Could Achieve Gains In The Near Future

After Hours

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. Yahoo Finance discussed the stock recently as it posted Oaktree Specialty Lending Corporation Schedules First Fiscal Quarter Earnings Conference Call for February 1, 2024.

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Stocks Info

Oaktree Specialty Lending Corporation is listed on the NASDAQ in the Financial sector while operating in the Credit Services industry. The current market capitalization of Oaktree Specialty Lending Corporation is $1.69B. A total of 0.57 million shares were traded on the day, compared to an average of 640.05K shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, OCSL has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 9 BUYs and 0 SELLs from insiders. Insiders purchased 4,680 shares during that period but sold 0.

In the most recent transaction, Stewart Matthew bought 500 shares of OCSL for 18.00 per share on Mar 23. After the transaction, the Chief Operating Officer now owns 9,668 company shares. In a previous transaction on Mar 17, McKown Christopher bought 1,000 shares at 17.79 per share. OCSL shares that the insider owns now total 5,092.

Among the insiders who bought shares, CALDWELL PHYLLIS R acquired of 500 shares on Mar 17 at a per-share price of $17.72. This resulted in the Director holding 9,166 shares of OCSL after the transaction. In another insider transaction, CALDWELL PHYLLIS R bought 1,000 shares at $18.19 per share on Mar 16. Company shares held by the Director now total 8,666.

Dividend

The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Oaktree Specialty Lending Corporation pays an annual dividend of $2.19, resulting in a dividend yield of 10.28%, and it has a price to earnings (P/E) ratio of 13.09. OCSL’s most recent ex-dividend date was 12/14/2023 when it declared a $0.62 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 9/14/2023. The OCSL stock dividend was $0.55 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. In terms of 52-week highs and lows, OCSL has a high of $21.36 and a low of $17.64.

As of this writing, OCSL has an earnings estimate of $Ocular Therapeutix, Inc. per share for the current quarter. EPS was calculated based on a consensus of Oaktree Specialty Lending Corpo estimates, with a high estimate of $ECARE SOLUTIONS INC per share and a lower estimate of $Carlisle Companies Incorporated.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $19.63, while its Total Shareholder’s Equity was $1.31B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.38.

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