This Is Too Hot For Oaktree Specialty Lending Corporation (NASDAQ: OCSL), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Most recently, Yahoo Finance reported about the stock as it publicized that Oaktree Specialty Lending Corporation Announces Tax Character of Distributions for Calendar Year 2023.

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Stocks Info

As a NASDAQ listed company, OCSL falls under the Financial sector while operating within the Credit Services industry segment. The current market capitalization of Oaktree Specialty Lending Corporation is $1.57B. A total of 0.54 million shares were traded on the day, compared to an average of 718.44K shares.

In the most recent transaction, CALDWELL PHYLLIS R bought 2,000 shares of OCSL for 20.07 per share on Feb 12 ’24. After the transaction, the Director now owns 11,166 company shares. In a previous transaction on Mar 23 ’23, Stewart Matthew bought 500 shares at 18.00 per share. OCSL shares that Chief Operating Officer owns now total 9,668.

Among the insiders who bought shares, McKown Christopher acquired of 1,000 shares on Mar 17 ’23 at a per-share price of $17.79. This resulted in the insider holding 5,092 shares of OCSL after the transaction. In another insider transaction, CALDWELL PHYLLIS R bought 500 shares at $17.72 per share on Mar 17 ’23. Company shares held by the Director now total 9,166.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Oaktree Specialty Lending Corporation pays an annual dividend of $2.19, resulting in a dividend yield of 11.01%, and it has a price to earnings (P/E) ratio of 12.86. OCSL’s most recent ex-dividend date was 3/14/2024 when it declared a $0.55 quarterly dividend that was paid in cash on 3/29/2024. Previously, the company paid the dividend on 12/29/2023 with an ex-dividend date of 12/14/2023. The OCSL stock dividend was $0.62 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, OCSL has a high of $21.64 and a low of $17.64.

As of this writing, OCSL has an earnings estimate of $0.58 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.62 per share and a lower estimate of $0.57. The company reported an EPS of $0.62 in the last quarter, which was -1.60% lower than expectations of $0.63.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. Its Book Value Per Share was $19.14, while its Total Shareholder’s Equity was $1.31B.

Analysts Opinion

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. 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 4.25.

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