Is Oaktree Specialty Lending Corporation (NASDAQ: OCSL) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Oaktree Specialty Lending Corporation Announces Tax Character of Distributions for Calendar Year 2023.

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Stocks Info

This NASDAQ-listed company operates within the Credit Services industry segment, falling under the Financial sector. The current market capitalization of Oaktree Specialty Lending Corporation is $1.53B. A total of 0.51 million shares were traded on the day, compared to an average of 707.08K 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.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Oaktree Specialty Lending Corporation pays an annual dividend of $2.20, resulting in a dividend yield of 11.32%, and it has a price to earnings (P/E) ratio of 12.52. 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.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, OCSL has a high of $21.64 and a low of $17.93.

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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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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