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Positives for Oaktree Specialty Lending Corporation (OCSL) as stock gains in recent trading

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is -1.41% lower on its value in year-to-date trading and has touched a low of $17.25 and a high of $22.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The OCSL stock was last observed hovering at around $21.13 in the last trading session, with the day’s loss setting it -0.81% off its average median price target of $22.50 for the next 12 months. It is also 20.31% off the consensus price target high of $25.50 offered by 8 analysts, but current levels are 3.24% higher than the price target low of $21.00 for the same period.

Currently trading at $20.32, the stock is -3.24% and -1.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.29 million and changing -3.83% at the moment leaves the stock 0.71% off its SMA200. OCSL registered -7.01% loss for a year compared to 6-month gain of 2.51%.

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The stock witnessed a 1.09% loss in the last 1 month and extending the period to 3 months gives it a 10.72%, and is -4.47% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.12% over the week and 1.46% over the month.

Current P/E ratio is 127.00 and Fwd P/E is 24.78. Distance from 52-week low is 17.81% and -10.85% from its 52-week high.

Oaktree Specialty Lending Corporation (OCSL) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Oaktree Specialty Lending Corporation (OCSL) is a “Buy”. 8 analysts offering their recommendations for the stock have an average rating of 1.70, where 0 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Oaktree Specialty Lending Corporation is expected to release its quarterly report on 05/10/2023.The EPS is expected to grow by 15.50% this year.

Oaktree Specialty Lending Corporation (OCSL) Top Institutional Holders

The shares outstanding are 183.37M, and float is at 168.82M with Short Float at 1.45%.

Oaktree Specialty Lending Corporation (OCSL) Insider Activity

A total of 1 insider transactions have happened at Oaktree Specialty Lending Corporation (OCSL) in the last six months, with sales accounting for 0 and purchases happening 1 times. The most recent transaction is an insider purchase by CALDWELL PHYLLIS R,the company’sDirector. SEC filings show that CALDWELL PHYLLIS R bought 3,800 shares of the company’s common stock on Dec 30 at a price of $6.96 per share for a total of $26448.0. Following the purchase, the insider now owns 23000.0 shares.

Oaktree Specialty Lending Corporation disclosed in a document filed with the SEC on Dec 09 that CALDWELL PHYLLIS R (Director) bought a total of 4,000 shares of the company’s common stock. The trade occurred on Dec 09 and was made at $7.00 per share for $28004.0. Following the transaction, the insider now directly holds 19200.0 shares of the OCSL stock.

Still, SEC filings show that on Jun 29, CALDWELL PHYLLIS R (Director) acquired 2,500 shares at an average price of $6.49 for $16223.0. The insider now directly holds 15,200 shares of Oaktree Specialty Lending Corporation (OCSL).

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