Oaktree Specialty Lending Corporation (OCSL) Stock

Oaktree Specialty Lending Corporation (OCSL) is a Financial Services stock trading at $11.69 (as of 2026-07-24), with a market capitalization of $1.03B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Oaktree Specialty Lending Corporation is a business development company that makes debt and related investments in middle-market companies, including first- and second-lien loans and mezzanine or unsecured financing, with potential equity co-investment. It targets sectors such as education, business services, healthcare, manufacturing, consumer, and media, primarily in North America.

Understand Oaktree Specialty Lending Corporation: how it makes money

Oaktree Specialty Lending Corporation invests in small and mid-sized companies with a focus on middle market lending (including first and second lien debt, unsecured and mezzanine debt) and related equity strategies, aiming to earn returns from those investment positions.

The profit engine is the performance of its specialty lending and investment portfolio, since its income and returns are driven by how the borrowers and deals it funds perform across its debt and preferred equity strategies.

Business quality (Weak): Clear specialty focus, diverse deal types and target sectors, but results will be highly dependent on credit and deal outcomes in small and mid-sized businesses.

Valuation: At 20× earnings, OCSL trades 58% above the Financial - Credit Services average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Broad specialty toolkit: The company invests across multiple credit structures, including first and second lien debt, unsecured and mezzanine debt, preferred equity, and sponsor-led acquisitions.
  • Middle market focus with defined deal sizing: It targets small and mid-sized companies, with investments described as between $5 million and $75 million.

Bear case

  • Borrower and deal performance risk: Because the company makes loans and invests in debt and related equity positions, weaker-than-expected borrower outcomes can reduce investment returns.
  • Exposure to credit conditions in chosen sectors: Its stated focus includes cyclical and operationally sensitive sectors such as retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering, and media and advertising.
Valuation — source: SEC EDGAR (first-party)
Price$11.69
Market Cap$1.03B
Price / Book0.75
Price / Sales3.45
DCF Value (model)$4.42
DCF Upside vs Price-62.2%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$316.80M
Net Margin10.7%
Revenue Growth (YoY)-17.0%
EPS Growth (YoY)-45.8%
Valuation vs Sector & Industry
Sector P/E (Financial Services)8.9
Industry P/E (Financial - Credit Services)17.3
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderPRIVATE MANAGEMENT GROUP INC ($42.05M)
Institutional Holders Tracked10
Company
SectorFinancial Services
IndustryFinancial - Credit Services
CEOArmen Panossian
Employees0
CountryUS
IPO Date2008-06-12

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OCSL earnings history · OCSL institutional & insider holders · OCSL KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.