What is the rating for OCSL stock?

Oaktree Specialty Lending Corp (OCSL) has a "Reduce" rating based on our 6-factor quantitative model. It has a composite score of 42.9 and ranks #3133 out of 7,333 stocks in our coverage universe with a 2-star rating.

Is OCSL a good stock to buy?

Based on our quantitative analysis, OCSL receives a "Reduce" rating with 2 out of 5 stars. Key factors include: Quality score of 30.5, Value score of 38.9, and Momentum score of 44.3. The timing score is 53, indicating "Neutral" entry conditions. This is not investment advice - please conduct your own research.

What sector is OCSL in?

Oaktree Specialty Lending Corp (OCSL) operates in the Financial sector, specifically in the Financial Services industry. It has a market capitalization of $1.12 billion.

What is OCSL's P/E ratio?

OCSL has a P/E (Price-to-Earnings) ratio of 68.11x. This helps investors assess whether the stock is trading at a premium or discount relative to its earnings.

Does OCSL pay a dividend?

Yes, OCSL pays a dividend with a current yield of 13.27%.

What is OCSL's market cap?

Oaktree Specialty Lending Corp (OCSL) has a market capitalization of $1.12 billion, making it a small-cap stock.

What are the risks of investing in OCSL?

Key risk factors for OCSL include: elevated debt levels, and general market risk. As with all investments, there is risk of loss.

How does OCSL compare to peers?

Within the Financial sector, OCSL ranks #3133 overall with a quality score of 30.5/100 and value score of 38.9/100.

What is OCSL's revenue growth?

OCSL has revenue growth of -17.6% year-over-year.

What is OCSL's composite score?

Oaktree Specialty Lending Corp (OCSL) has a composite score of 42.9/100, which places it at rank #3133 out of 7,333 stocks. This score is derived from our proprietary 6-factor quantitative model that evaluates quality, value, momentum, investment efficiency, stability, and short interest.

How does OCSL compare to the S&P 500?

OCSL ranks in the top 57% of all stocks in our coverage universe with a composite score of 42.9.

What are the bull and bear cases for OCSL?

Bull case: OCSL scores highest in stability at 62.2/100, indicating strong performance in this area. Bear case: The weakest factor is quality at 30.5/100, which may present a risk. Our overall assessment is Reduce with 2 out of 5 stars.

Is OCSL overvalued or undervalued?

OCSL appears overvalued based on our value factor score of 38.9/100. Trading at 68.1x earnings, the stock commands a premium valuation.

What is OCSL's momentum score?

OCSL has a momentum score of 44.3/100, placing it in the moderate category.

When is OCSL's next earnings date?

For the latest earnings date and analysis for OCSL, visit our earnings calendar or check the OCSL stock page for real-time updates. Our AI-generated earnings reports provide in-depth analysis after each quarterly report.

Is OCSL a good stock to buy right now?

Based on our 6-factor quantitative model, Oaktree Specialty Lending Corp (OCSL) receives a "Reduce" rating with a composite score of 42.9/100. It is ranked #3133 out of 7,333 stocks. Key factor scores: Quality 31/100, Value 39/100, Momentum 44/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for OCSL?

Oaktree Specialty Lending Corp (OCSL) has a "Reduce" rating and 2-star score. The composite score of 42.9 ranks it #3133 among 7,333 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is OCSL in?

Oaktree Specialty Lending Corp operates in the Financial sector (Financial Services industry) with a market cap of $1.12 billion. It is classified as a small-cap stock.

Does OCSL pay a dividend?

Yes, OCSL pays a dividend with a current yield of 13.27%. The Financial sector average yield is 13.32%. For every $1,000 invested, you would receive approximately $132.70 in annual dividend income.

What is OCSL's P/E ratio?

OCSL has a trailing P/E ratio of 68.11x. The Financial sector average is 9.8x. This above-average P/E reflects growth expectations or premium valuation.

How profitable is OCSL?

OCSL's quality factor score is 31/100. Gross margin: 200.0%. ROE: 1.0% vs sector average 6.8%. High margins suggest pricing power and competitive moats.

How is OCSL valued compared to peers?

OCSL's value factor score is 39/100 (higher = cheaper). Key multiples: P/E 68.1x, EV/EBITDA 7.8x. Trading at a premium relative to peers.

What is OCSL's debt level?

OCSL's debt-to-equity ratio is 112%. Sector average: 1%. Moderate leverage is normal for established companies.

OCSL has a beta of 0.62, meaning it is less volatile than the market. Stability score: 62/100.

Does OCSL have high short interest?

OCSL's short interest factor score is 55/100 (higher = less short selling). Moderate short interest.

OCSL Stock Analysis — Oaktree Specialty Lending Corp Price Target & Forecast 2026

IMPORTANT DISCLAIMER: Blank Capital Research ("BCR") is a technology platform, not a registered investment advisor or broker-dealer. The algorithmically generated signals, scores, and rankings provided on this site ("God Mode" Signals) are for informational and research purposes only and do not constitute financial advice, investment recommendations, or an offer to sell or solicit an offer to buy any securities.

HYPOTHETICAL PERFORMANCE RESULTS: The "timing scores" and "regime signals" displayed are based on quantitative models. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity.

RISK OF LOSS: Trading in financial markets involves a high degree of risk and may result in the loss of your entire investment. Data provided by third-party sources (Intrinio, Snowflake) is believed to be reliable but is not guaranteed for accuracy or completeness. Past performance is not indicative of future results.

OCSL Stock Analysis — Oaktree Specialty Lending Corp Price Target & Forecast 2026 | Blank Capital Research

Sector

Financial

Industry

Financial Services

Market Cap

$1.1B

Leadership

Armen Panossian

Business Summary

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising sectors.

Operations

Headcount

—

Location

HQ Base

Greenwich, California

Investor Relations

Fundamental Spot Check

Context: 2025

Valuation

Market Cap

$1.1B

P/E Ratio

68.1xLagging

P/B Ratio

0.71xOutperforming

P/S Ratio

6.61xLagging

EV/EBITDA

7.8xOutperforming

Dividend Yield

13.27%

Efficiency & Risk

Gross Margin

200.0%Outperforming

Operating Margin

-100.0%Lagging

ROE

1.0%Lagging

Rev Growth (YoY)

-17.6%

Debt/Equity

112.00xLagging

Beta

0.62

Red = Sector Laggard

Black = Market Average

Revenue Breakdown

Strategic Timing Audit

WEAK

1/6

Mixed Alignment [1 BULL / 1 BEAR]

Quantitative Factor Convergence Analysis Verified

Momentum

44th pctl

Intelligence Feed

insidermonkey.comFeb 5 Neutral

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) Q1 2026 Earnings Call Transcript

Oaktree Specialty Lending Corporation (NASDAQ:OCSL) Q1 2026 Earnings Call Transcript February 4, 2026Oaktree Specialty Lending Corporation misses on earnings expectations.

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Oaktree Specialty Lending: A Solid 11% Yield To Boost Your Income

Oaktree Specialty Lending's dividend coverage metrics weakened in FQ2, but it plans to lower management fee to improve coverage. Find out why OCSL stock is a Buy.

Earnings Call Transcripts

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Financial Intelligence Ledger

Verified SEC Filings Aggregate • OCSL

Export

Metric Entity	10Y Historical Trend	2025	2024	2023	2022
Revenue		$154M12.3%	$175M3.2%	$181M87.3%	$97M
Cost of Revenue	-	—	—	—	-$106M
Gross Profit	-	—	—	—	$203M
R&D Expense	-	—	—	—	—
Operating Expenses	-	—	—	—	$309M
Operating Income	-	—	—	—	-$106M
Interest Expense		$116M9.9%	$129M15.2%	$112M137.9%	$47M
Tax Provision		$100K	-$5K100.3%	$2M	—
EBITDA	-	—	—	—	$144M
Net Income		$34M41.4%	$58M50.6%	$117M257.1%	$33M
EPS (Diluted)		$0.3945.8%	$0.7255.8%	$1.63239.6%	$0.48

SEC EDGAR Repository

Direct unfiltered access to 10-K, 10-Q and 8-K filings for OCSL.

Open Regulatory Dossier

Data Integrity Notice

Figures adjusted for stock splits and restatements where applicable.

TTM (Trailing Twelve Months) data updates within 48 hours of quarterly filings.

Execution Benchmarks Audit

Revenue Growth

YOY expansion rate

+22% SCTR

-17.6%

Sector Avg: -14.5%

Gross Margin

Core pricing power

+100% SCTR

200.0%

Sector Avg: 100.0%

Operating Margin

Operating efficiency

-283% SCTR

-100.0%

Sector Avg: 54.7%

Return on Equity

Equity efficiency

-85% SCTR

1.0%

Sector Avg: 6.8%

Debt/Equity

Financial leverage

-9080% SCTR

112.0%

Sector Avg: 1.2%

Dividend Yield

Direct cash return

In Line

13.3%

Sector Avg: 13.3%

Financial History

Forensic Accounting Audit

Watchlist

Asset Efficiencymedium RISK

Material decline in asset turnover efficiency detected

Algorithmic red flag detection based on regulatory SEC filings.

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Dividend Yield

13.27%

High Yield|TTM Actual

Annual Payout

$0.15B

Aggregate|Common Dividend

Payout Ratio

904%

Heavy Load|Estimated

Yield Benchmark Comparison

OCSL Yield13.27%

Sector Average (Financial)13.32%

Annual Dividend History

$0.42

2020

$0.45

2021

$0.48

2022

$0.52

2023

$0.55

2024

$0.60

2025

Shareholder Calendar

Ex-Dividend DatePending

Dividend Amount$0.037

Payment DatePending

Dividend TypeCash

FrequencyQuarterly

Dates updated upon official exchange announcement.

Shareholder Returns

Capital Allocation audit

Smart Money Conviction

Neutral

Synthesized from recent 13F filings, Form 4 insider transactions, and outstanding short interest metrics.

Governance Audit

Weak Index

WeakModerateStrong

Lower quality and stability scores may indicate governance concerns. Verified against factor-based integrity benchmarks.

Executive Operations

CEO: Armen Panossian

Insider alignment Audit

No recent insider transactions available for OCSL

Major Institutional Blocks

Top 5 Holders

Institutional cap table data requires verified 13F filing feeds.

Access SEC 13F Dossier →

Form 4 Filings

Recent Activity

Insider transaction data currently awaiting regulatory verification.

Access SEC Form 4 Dossier →

Regulatory Disclosure Vault

Proxy Statement (DEF 14A)

Exec Comp, Board Nominees, Proposals

Annual Report (10-K)

MD&A, Risk Factors, Strategy

Institutional Holders (13F)

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Insider Liquidity

Short Interest audit

SEC Risk Factors

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Institutional Peer Matrix

Top Financial Universe

Factor Alpha Dispersion: Value vs. Quality

Quadrant I: High Quality / Undervalued

Quadrant III: Low Quality / Expensive

X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = OCSL ANALYSIS TARGET

Stock	Rating	Score▼	Quality	Value	Momentum	P/E	EV/EBITDA	ROE	ROA	Gross Mgn	Op Mgn	Net Mgn	Rev Growth	Div Yield	D/E	Mkt Cap	AUDIT
$GBDC GOLUB CAPITAL BDC, Inc.		64	91	89	57	22.5x	6.6x	5.7%	1.7%	100.0%	64.3%	25.4%	116.4%	12.6%	128.0x	$3.7B	VS
$SAR SARATOGA INVESTMENT CORP.		55	30	69	85	1.4x	2.3x	43.6%	22.2%	-	-	182.5%	-10.7%	17.0%	263.0x	$362M	VS
$CGBD Carlyle Secured Lending, Inc.		53	72	67	40	14.2x	6.1x	6.8%	2.0%	100.0%	73.2%	24.8%	18.0%	13.6%	111.0x	$911M	VS
$BBDC Barings BDC, Inc.		53	25	31	79	23.4x	10.1x	9.8%	-	-	-	-	-103.3%	13.6%	139.0x	$921M	VS
$SLRC SLR Investment Corp.		52	33	47	75	8.9x	8.7x	9.2%	3.6%	-	-	60.5%	3.7%	10.7%	115.0x	$834M	VS
$TRIN Trinity Capital Inc.		51	26	29	90	9.8x	52.5x	14.6%	9.6%	-	-	49.8%	16.0%	13.2%	118.0x	$1.1B	VS
$CSWC CAPITAL SOUTHWEST CORP		51	29	36	93	9.6x	10.0x	14.5%	6.2%	-	-	53.5%	18.2%	11.7%	108.0x	$1.3B	VS
$ICMB Investcorp Credit Management BDC, Inc.		50	26	26	86	-	-	-22.2%	-	-	-	-49.4%	-76.3%	23.4%	177.0x	$38M	VS
$FDUS FIDUS INVESTMENT Corp		50	31	41	64	9.4x	10.4x	11.3%	6.3%	-	-	48.5%	17.9%	11.2%	75.0x	$717M	VS
$GAIN GLADSTONE INVESTMENT CORPORATION\DE		49	30	27	90	-	-	9.5%	23.6%	-	-	423.3%	3.9%	10.8%	96.0x	$551M	VS
$OCSL Oaktree Specialty Lending Corp		43	31	39	44	68.1x	7.8x	1.0%	0.5%	200.0%	-100.0%	13.4%	-17.6%	13.3%	112.0x	$1.1B
SECTOR BENCH	-	-	-	-	-	9.8x	9.5x	6.8%	3.5%	100.0%	54.7%	49.2%	-14.5%	13.3%	1.2x	-	REF

Access Full Financial Intelligence Archive →

Lateral Comparison Mesh

$OCSL / $GBDC AUDIT $OCSL / $SAR AUDIT $OCSL / $CGBD AUDIT $OCSL / $BBDC AUDIT $OCSL / $SLRC AUDIT

Market Intelligence FAQ

Oaktree Specialty Lending Corp (OCSL) receives a "Reduce" rating with a composite score of 42.9/100. It ranks #3133 out of 7,333 stocks in our coverage universe and carries a 2-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.

Full Research Publication

Equity Research Analysis: Oaktree Specialty Lending Corp (OCSL)

FEBRUARY 2026|Blank Capital Research Unit|Spot: $11.52

Price$11.52

Composite Score42.9/100

RatingREDUCE (2★)

Rank#3133 OF 7,333

Market Cap$1.1B

Comments

Institutional Audit

Feb 25, 2026

Oaktree Specialty Lending Corp

42.9

Sector Decomposition auditFinancial [N=38]

Factor	Global	Sector	Tilt
PROFITABILITY	31	49	-18DRAG
MOMENTUM	44	38	+6ALPHA
VALUATION	39	46	-7DRAG
INVESTMENT	46	95	-49DRAG
STABILITY	62	70	-8DRAG
SHORT INT	55	59	-4NEUTRAL

Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.

Executive Summary

Oaktree Specialty Lending Corp receives a Reduce rating from our analysis, with a composite score of 42.9/100 and 2 out of 5 stars, ranking #3133 out of 7,333 stocks. OCSL's factor profile shows weakness across multiple dimensions, suggesting the stock may underperform going forward. Existing holders may want to consider trimming positions or tightening stop-losses.

Business Quality

OCSL's quality score of 31/100 is below average, suggesting challenges with profitability or capital efficiency. The company reports a return on equity of 1.0% (sector avg: 6.8%), gross margins of 200.0% (sector avg: 100.0%), net margins of 13.4% (sector avg: 49.2%). Investors should examine whether management is actively addressing these weaknesses or if they reflect structural industry headwinds.

Intrinsic Valuation

With a value score of 39/100, OCSL appears somewhat expensive relative to its fundamentals. Key valuation metrics include a P/E ratio of 68.11x, an EV/EBITDA of 7.84x, a P/B ratio of 0.71x. Investors paying a premium here are likely betting on above-average growth or margin expansion to justify current prices.

Capital Reinvestment

With an investment score of 46/100, OCSL exhibits moderate growth-oriented spending. Key growth metrics include revenue growth of -17.6% vs. a sector average of -14.5% and a return on assets of 0.5% (sector: 3.5%). The company appears to be balancing growth investments with capital returns, though the pace of investment may not be enough to accelerate top-line growth meaningfully.

Market Momentum

OCSL is currently showing below-average momentum at 44/100, which may indicate weakening institutional interest or negative sentiment shifts. Revenue growth stands at -17.6% year-over-year, while a beta of 0.62 reflects its sensitivity to broader market moves. Investors should note that declining momentum can precede further price weakness, though contrarian opportunities sometimes emerge at these levels.

Balance Sheet Health

With a stability score of 62/100, OCSL exhibits average financial resilience. Key stability metrics include a beta of 0.62 and a debt-to-equity ratio of 112.00x (sector avg: 1.2x). While the balance sheet is not a major concern, the stock is subject to typical market volatility and may experience sharper drawdowns during risk-off episodes.

Institutional Risk Profile

The short interest score of 55/100 for OCSL suggests somewhat elevated bearish positioning by institutional traders. Specific risk factors include elevated leverage (D/E: 112.00x), small-cap liquidity risk. With a $1.1B market cap (small-cap), Oaktree Specialty Lending Corp may experience above-average volatility. Investors should consider whether the short thesis has merit or if it creates a potential short-squeeze opportunity.

Dividend Intelligence

Oaktree Specialty Lending Corp offers an attractive dividend yield of 13.3%, placing it among the higher-yielding stocks in its peer group. This compares to a sector average dividend yield of 13.3%. A yield this high can provide meaningful income, but investors should verify the payout is sustainable by examining the payout ratio, free cash flow coverage, and any history of dividend cuts.

Sector Benchmark Analysis

Oaktree Specialty Lending Corp is a small-cap company in the Financial sector, ranked #16 of 38 in its sector (58th percentile) and #3133 of 7,333 overall (57th percentile). Key comparisons include ROE of 1.0% trailing the 6.8% sector median and operating margins of -100.0% below the 54.7% sector average. This above-median position indicates OCSL is outperforming a majority of its Financial peers, though there is room to close the gap with sector leaders.

Comparative Research Mesh

OCSL VS S&P 500 (SPY)TOP FINANCIAL PEERS

Strategic Alternatives

While OCSL currently exhibits a REDUCE profile, superior opportunities exist within the FINANCIAL sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.

View Top Financial Alpha →

OCSL

Oaktree Specialty Lending Corp

Business Summary

Operations

Location

Fundamental Spot Check

Valuation

Efficiency & Risk

Intelligence Feed

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BEAR THESIS

01Executive Summary

02Strategy & Outlook

Risk / Reward Variance

Research Verdict

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Intrinsic Valuation

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