| BDC Weekly Review: Bimodal Q1 Numbers Weigh On The Sector |
We take a look at the action in business development companies through the first week of May and highlight some of the key themes we are watching. BDCs fell around 1.5% this week due to a couple of weak Q1 reports, with the sector still below pre-Liberation Day levels. Despite recent dips, historically resilient BDCs are showing strong ROE figures, suggesting selective opportunities for patient investors. |
seekingalpha.com |
2025-05-10 13:02:13 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: A 13.2% Yield You Need To Avoid (Rating Downgrade) |
Oaktree Specialty Lending's 13.2% dividend yield is risky due to rising non-accruals and a slowing economy, making another dividend cut likely. Despite a recent dividend cut, OCSL's financials continue to decline, with net asset value dropping significantly and non-performing loans increasing. OCSL's balance sheet is in decent shape with low debt-to-equity and strong liquidity, but this doesn't offset the risks from deteriorating fundamentals. |
seekingalpha.com |
2025-05-09 11:12:00 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: Staying Away From This BDC For The Remainder Of 2025 |
Oaktree Specialty Lending (OCSL) faces vulnerabilities including weak dividend coverage, portfolio concentration, and negative impacts from tariffs. OCSL's portfolio is heavily concentrated in Software & Services, and rising non-accruals indicate worsening borrower performance, exacerbated by high interest rates. Despite trading at a significant discount to NAV, OCSL's declining NAV and increasing non-accruals suggest ongoing financial instability and potential further downside in 2025. |
seekingalpha.com |
2025-05-04 12:42:56 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation (OCSL) Q2 2025 Earnings Call Transcript |
Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q2 2025 Earnings Conference Call May 1, 2025 11:00 AM ET Company Participants Clark Koury – Head-Investors Matt Pendo – President Armen Panossian – Chief Executive Officer and Chief Investment Officer Chris McKown – Chief Financial Officer and Treasurer Conference Call Participants Finian O'Shea – Wells Fargo Melissa Wedel – JPMorgan Paul Johnson – KBW Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation's Second Fiscal Quarter 2025 Conference Call. Today's conference call is being recorded. |
seekingalpha.com |
2025-05-01 18:01:05 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending (OCSL) Lags Q2 Earnings and Revenue Estimates |
Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.56 per share a year ago. |
zacks.com |
2025-05-01 12:10:39 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation Announces Second Fiscal Quarter 2025 Financial Results |
LOS ANGELES, CA, May 01, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended March 31, 2025. |
globenewswire.com |
2025-05-01 10:00:00 |
Czytaj oryginał (ang.) |
| My 3 Biggest BDC Investing Mistakes Worth Avoiding |
I've been tracking major BDCs for over three years, achieving high total returns and dividends, and outperforming the BDC index. My investments in BDCs are motivated by high yield, diversification from traditional dividend picks, and the potential to outperform in an underexplored market. Yet, there have been many bumps in the process, and some of them quite painful. |
seekingalpha.com |
2025-04-30 13:15:00 |
Czytaj oryginał (ang.) |
| A Rare Buying Opportunity: 11%+ Yields The Market Got Completely Wrong |
One has grown its dividend for 48 consecutive quarters and just authorized a buyback of 7.5% of its outstanding shares. The other trades at a 17% discount to NAV and is backed by a legendary billionaire investor. Both yields are comfortably covered by cash flow and supported by strong balance sheets. |
seekingalpha.com |
2025-04-25 12:30:00 |
Czytaj oryginał (ang.) |
| Investing In BDCs For Durable Income Amidst The Looming Recession |
Rising non-accrual base is the BDC Achilles heel. The current economic conditions drive up the probability of that risk. Hence, the BDC income and NAV durability have become extremely important topics. |
seekingalpha.com |
2025-04-24 13:15:00 |
Czytaj oryginał (ang.) |
| Focusing On Lower Risk Shares (And Updated Charts For High-Yield Stocks) |
Market volatility has increased, making it challenging to predict future Treasury rates and impacting the frequency of my article publications. Price-to-book ratios reveal bargains. Preferred shares offer lower risk and high yields; recent trades in DX-C and EFC-B have been profitable. |
seekingalpha.com |
2025-04-21 23:31:58 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Consequences Of The Trade War For BDCs |
We take a look at the action in business development companies through the second week of April and highlight some of the key themes we are watching. BDCs experienced a 3% decline this week, with volatility at its highest since COVID; traded volumes matched COVID levels. The trade war and market meltdown are causing growth slowdowns and inflation, potentially leading to Fed rate cuts. |
seekingalpha.com |
2025-04-19 15:44:55 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation Announces Amendments to its Secured Revolving Credit Facility |
LOS ANGELES, CA, April 14, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending”) today announced that it has extended its senior secured revolving credit facility (the “amended facility”). The final maturity was extended from June 2028 to April 2030. |
globenewswire.com |
2025-04-14 21:05:00 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: Not The Best Investment Choice, Despite High Dividend Yield |
The low ranking of Oaktree Specialty Lending, as a BDC, results from its weak performance metrics and superior sector alternatives at a 25% discount to P/NAV. The stock price of OCSL has declined by 32% during the past 52 weeks, which demonstrates its inferior performance relative to the VanEck BDC Income ETF. The stock's negative momentum and damaged long-term outlook result from the decline in NAV, rising non-accruals, and decreasing TII and NII. |
seekingalpha.com |
2025-04-10 09:01:37 |
Czytaj oryginał (ang.) |
| Dividend Cut Alert: 1 BDC And 1 REIT With Likely Lower Dividends In 2025 |
The current market environment suggests a potential recession, leading investors to favor durable and income-producing assets. BDCs and REITs are likely to be among the key beneficiaries here. However, with REITs and especially BDCs investors have to be careful in order to avoid falling in a value trap. |
seekingalpha.com |
2025-03-21 11:15:00 |
Czytaj oryginał (ang.) |
| 15% Yields Want To Mug Your Dividends |
Agency mortgage REITs are achieving exceptional price-to-book ratios. You want a high dividend yield? Great. But don't pay a huge premium in the share price. It's a great time for investors to capture some gains in this sector. |
seekingalpha.com |
2025-03-19 18:05:00 |
Czytaj oryginał (ang.) |
| Buy The Dividend Cut: These 7-11% Yielding Stocks Are Now Strong Buys |
Two high-yield stocks just slashed their dividends—but that might be the best thing that ever happened to them. Insiders are loading up, and the market is mispricing these recovery plays with massive upside potential. Lock in yields up to 11% on these overlooked income machines before Mr. Market wakes up! |
seekingalpha.com |
2025-03-17 09:05:00 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: Solid Income Value After 27% Dividend Cut |
Oaktree Specialty Lending offers an attractive value proposition due to its valuation, portfolio strategy, and yield, despite having a high non-accrual percentage. OSCL cut its dividend by 27.3% last month, improving its dividend coverage profile to 1.15X in Q1 '25. The investment firm, however, has seen a shrinking portfolio due to higher net loan repayments. |
seekingalpha.com |
2025-03-17 07:32:50 |
Czytaj oryginał (ang.) |
| Forget Growth: 5 Big Safe Yields Worth Considering |
The stock market has been ugly (particularly growth stocks), and it could get much worse. Thankfully, however, there is another way. Income investing focuses on big, steady dividend and interest payments, thereby allowing investors to worry far less about price volatility (as long as those big income payments keep coming in). This report shares 5 big safe yield strategies (including a variety of top income ideas), and then concludes with an important takeaway about succeeding in this market. |
seekingalpha.com |
2025-03-13 04:00:24 |
Czytaj oryginał (ang.) |
| The Moment Of Truth For BDC Dividend Investors Is Close |
As a structural BDC bull I have to admit that the period of BDCs consistently surprising us on the upside has come to an end. Many lower quality BDCs have already cut their dividends to sync their cash flows with less favorable private credit lending environment. I would say that the moment of truth for high quality BDCs is also very close, where we will see how really durable their base dividends are. |
seekingalpha.com |
2025-03-11 11:15:00 |
Czytaj oryginał (ang.) |
| 9% Yields From Baby Bonds |
Yield to maturity is crucial in baby bond analysis. Yield to call can also be relevant when call risk is more relevant. We're starting with a hypothetical for demonstrating a key point, then we'll look at two baby bonds as they are trading today. Market inefficiencies can arise from liquidity issues, creating trading opportunities between similar preferred shares or baby bonds. |
seekingalpha.com |
2025-03-06 17:00:18 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: Dividend Cut, What Now? |
Oaktree Specialty Lending Corporation faced a decline in net asset value and net investment income due to investment write-downs and high non-accruals. The company cut its dividend by 27% to address the deteriorating dividend coverage, raising concerns about its ability to re-rate higher in 2025. Despite the dividend cut, Oaktree Specialty Lending's stock is expected to continue selling at a discount to net asset value due to ongoing credit issues. |
seekingalpha.com |
2025-02-26 01:31:06 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation Prices Public Offering of $300,000,000 6.340% Notes due 2030 |
LOS ANGELES, CA, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“OCSL” or the “Company”), a specialty finance company, today announced that it has priced an underwritten public offering of $300.0 million aggregate principal amount of 6.340% notes due 2030. The notes will mature on February 27, 2030 and may be redeemed in whole or in part at the Company's option at any time at par plus a “make-whole” premium, if applicable. |
globenewswire.com |
2025-02-20 18:30:00 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Markets Care More About Income |
We take a look at the action in business development companies through the first week of February and highlight some of the key themes we are watching. BDCs underperformed this week with a total return of around -1%, diverging from other income sectors buoyed by rising Treasuries. Market reaction to earnings highlights a focus on income over total NAV return, as seen with ARCC and GBDC's recent performance. |
seekingalpha.com |
2025-02-14 23:58:44 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: Dividend Cut As Expected, But Is This Enough? |
In a November 2024 article, I made a case that we will see Oaktree Specialty Lending cutting its dividend quite soon. This has now happened. The base dividend has dropped by ~27%. The base dividend coverage stands now at 136%, which implies a significant margin of safety for the FWD 10.3% yield. |
seekingalpha.com |
2025-02-05 10:28:10 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation (OCSL) Q1 2025 Earnings Call Transcript |
Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q1 2025 Earnings Conference Call February 4, 2025 11:00 AM ET Company Participants Dane Kleven – Head-Investor Relations Armen Panossian – Chief Executive Officer and Co-Chief Investment Officer Raghav Khanna – Co-Chief Investment Officer Matt Pendo – President Chris McKown – Chief Financial Officer and Treasurer Conference Call Participants Finian O'Shea – Wells Fargo Securities Matthew Hurwit – Jefferies Melissa Wedel – JPMorgan Operator Welcome and thank you for joining Oaktree Specialty Lending Corporation's First Fiscal Quarter Conference Call. Today's conference call is being recorded. |
seekingalpha.com |
2025-02-04 15:26:01 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending (OCSL) Q1 Earnings Match Estimates |
Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.54 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.57 per share a year ago. |
zacks.com |
2025-02-04 10:21:29 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation Announces First Fiscal Quarter 2025 Financial Results |
LOS ANGELES, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter ended December 31, 2024. |
globenewswire.com |
2025-02-04 08:00:00 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: Conditions Haven't Materially Improved Yet |
Oaktree Specialty Lending remains a sell due to weak dividend coverage, no major improvements to non-accrual rates, and poor net investment income growth. OCSL's portfolio is heavily concentrated in software investments, making it vulnerable to sector struggles and higher interest rates. Despite a high dividend yield of 14%, the potential for a dividend cut looms due to declining earnings and portfolio quality. |
seekingalpha.com |
2025-01-20 05:36:30 |
Czytaj oryginał (ang.) |
| Two 10%+ Yields For Durable Passive Income (One Is My Favorite Pick) |
Two 10%+ Yields For Durable Passive Income (One Is My Favorite Pick) |
seekingalpha.com |
2025-01-19 11:15:00 |
Czytaj oryginał (ang.) |
| 5 Top Stocks Yielding Over 5% For 2025 |
The New Year is a good time to review your portfolio and acquire some new investments. Tax-loss selling in December often leads to opportunities in January. I started rotating out of U.S. tech stocks and into non-tech & foreign stocks last year. That includes many high-yield stocks. |
seekingalpha.com |
2025-01-07 12:56:13 |
Czytaj oryginał (ang.) |
| 14%+ Dividend Yields: 1 To Buy And 1 To Avoid |
High-yield dividend stocks can be powerful income machines, but can also be risky. This means that investors should use extra caution when investing in these sorts of stocks. We discuss two 14%+ yielding yields, one that is worth buying and one that is not. |
seekingalpha.com |
2025-01-06 14:00:00 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation Schedules First Fiscal Quarter Earnings Conference Call for February 4, 2025 |
11:00 a.m. Eastern Time / 8:00 a.m. Pacific Time LOS ANGELES, CA, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ:OCSL) (“Oaktree Specialty Lending” or the “Company”) today announced that it will report its financial results for the first fiscal quarter ended December 31, 2024 before the opening of the Nasdaq Global Select Market on Tuesday, February 4, 2025. |
globenewswire.com |
2025-01-02 18:05:00 |
Czytaj oryginał (ang.) |
| 7-21% Yielding Dividend Growers: 2 To Buy And 2 To Avoid |
Investing in high-yield stocks that grow their payouts regularly offers attractive total returns and protects purchasing power against inflation over the long term. However, not all high-yielding dividend growth stocks are worth buying. As a result, caution is needed when investing in high-yield, high-growth stocks. |
seekingalpha.com |
2024-12-30 14:48:49 |
Czytaj oryginał (ang.) |
| Very Bad News For BDCs, But There Is A Solution |
BDCs are currently exposed to multiple structural headwinds. It is very difficult to substantiate a bullish case for the BDC sector. In my view, to achieve alpha, one would have to go far out on the risk curve. |
seekingalpha.com |
2024-12-27 11:15:00 |
Czytaj oryginał (ang.) |
| If I Had To Retire With Only 3 Picks, It Would Be These |
Once in a while, it makes sense for investors to reassess their holdings. Going back to the roots is critical to stay on track for what we have defined as our investment goals from the start. Recently, when I went through my entire holdings list, one of the questions I was asking myself was whether I'd be happy holding a particular stock until (and in) my retirement. |
seekingalpha.com |
2024-12-23 11:15:00 |
Czytaj oryginał (ang.) |
| Why OCSL Could Surprise Bulls |
OCSL's YTD total return is -14.87%, significantly underperforming the S&P 500 (+23%) and peers like GBDC (+11.92%). Q4-24 weighted average yield fell to 9.9% from 12% in Q4-23, signaling lower-quality investments. Key loans from Astra, nThrive, and Telestream entered nonaccrual status, impacting portfolio income and credit quality. |
seekingalpha.com |
2024-12-19 14:23:41 |
Czytaj oryginał (ang.) |
| 11-14% Yields: Give Yourself The Gift Of Dividends For Christmas |
Big dividend stocks are on a big holiday sale this Christmas season. Even in some of the most in-favor sectors of the high-yield space, bargains can still be found. I share some well-covered 11-14% dividend yields that can be found on the bargain rack. |
seekingalpha.com |
2024-12-17 09:05:00 |
Czytaj oryginał (ang.) |
| KBW Announces Index Rebalancing for Fourth-Quarter 2024 |
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024. |
globenewswire.com |
2024-12-13 22:30:00 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: 14% Yield, Trading At 89 Cents On The Dollar |
Oaktree Specialty Lending reported a $0.01 per share miss in net investment income for Q4, but the BDC managed to support its dividend with NII. Despite rising non-accrual percentages, the BDC's change in management fee structure is a positive. OCSL's first-lien strategy, with 82% of funds in senior secured first liens, supports its reputation as a stable dividend payer. |
seekingalpha.com |
2024-12-13 02:29:43 |
Czytaj oryginał (ang.) |
| Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025 |
BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025. |
seekingalpha.com |
2024-12-12 11:15:00 |
Czytaj oryginał (ang.) |
| Invest In $95,000 BDC Portfolio For $10,000 Annual Income And Durable Compounding |
Private credit/BDC investments offer exposure to structural growth and a significant portfolio yield enhancement. Yet, we have to be extra careful of not falling into value traps and investing in unsustainable yields, which are abundant in the inherently risky sector. In this article, I share a BDC portfolio that has ~10.5% yield, healthier fundamentals than the average in the space, and, importantly, meaningful price appreciation potential. |
seekingalpha.com |
2024-12-11 11:15:00 |
Czytaj oryginał (ang.) |
| 13+% Dividend Yields: 1 To Buy And 1 To Avoid |
My portfolio focuses on high-yielding stocks, as they are ideal components of an opportunistic capital recycling strategy. That said, not all high-yield stocks make for good investments. I share one stock with a dividend yield of over 13% that I would avoid right now. |
seekingalpha.com |
2024-12-04 14:01:31 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending: How Safe Is The 14% Yield? |
Oaktree Specialty Lending Corporation faces higher short-term dividend risks and elevated non-accruals, leading to a 13% discount to net asset value. The BDC's non-accruals rose to 4% in Q4 2024, causing a decline in interest income and portfolio quality. Oaktree Specialty Lending's dividend payout ratio is at 100%, with just enough adjusted net investment income to cover dividends, raising concerns about future payouts. |
seekingalpha.com |
2024-11-27 06:12:05 |
Czytaj oryginał (ang.) |
| Dividend Cut Alert: 13-14% Yields Getting Too Risky |
Sky-high dividends of 13-14% are appealing but often come with significant risks. I discuss two stocks that have fully covered 13% and 14% yields that have a lot going for them and look deeply undervalued. However, I believe their dividends are at risk of getting cut soon. |
seekingalpha.com |
2024-11-20 09:05:07 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation (OCSL) Q4 2024 Earnings Call Transcript |
Oaktree Specialty Lending Corporation (NASDAQ:OCSL ) Q4 2024 Results Conference Call November 19, 2024 11:00 AM ET Company Participants Dane Kleven - Head of Investor Relations Matt Pendo - President Armen Panossian - Chief Executive Officer & Chief Investment Officer Chris McKown - Chief Financial Officer & Treasurer Conference Call Participants Paul Johnson - KBW Melissa Wedel - JPMorgan Operator Welcome, and thank you for joining Oaktree Specialty Lending Corporation's Fourth Fiscal Quarter Conference Call. Today's conference call is being recorded. |
seekingalpha.com |
2024-11-19 15:29:07 |
Czytaj oryginał (ang.) |
| Compared to Estimates, Oaktree Specialty Lending (OCSL) Q4 Earnings: A Look at Key Metrics |
Although the revenue and EPS for Oaktree Specialty Lending (OCSL) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. |
zacks.com |
2024-11-19 12:30:28 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending (OCSL) Misses Q4 Earnings and Revenue Estimates |
Oaktree Specialty Lending (OCSL) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.62 per share a year ago. |
zacks.com |
2024-11-19 10:16:19 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending Corporation Announces Fourth Fiscal Quarter and Full Year 2024 Financial Results and Declares Quarterly Distribution of $0.55 Per Share |
LOS ANGELES, CA, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Oaktree Specialty Lending Corporation (NASDAQ: OCSL) (“Oaktree Specialty Lending” or the “Company”), a specialty finance company, today announced its financial results for the fiscal quarter and year ended September 30, 2024. |
globenewswire.com |
2024-11-19 08:00:00 |
Czytaj oryginał (ang.) |
| BDC Weekly Review: Tax-Loss Season Is Approaching |
We take a look at the action in business development companies through the second week of November and highlight some of the key themes we are watching. BDCs saw a 2% aggregate return on the week; TPVG surged nearly 20%, while PSEC dropped due to a bad quarter and distribution cut. Tax-loss season may pressure some securities; PSEC, HRZN, TPVG, TCPC, OCSL, GSBD, NMFC, and CSWC could weaken further by year-end. |
seekingalpha.com |
2024-11-16 03:50:34 |
Czytaj oryginał (ang.) |
| Oaktree Specialty Lending's Distributions May Be In Trouble |
OCSL is a business development company oriented around debt investments (predominantly first-lien debt). Its seemingly defensive portfolio has struggled with rising non-accruals in 2024, resulting in decreasing NAV. Investors might be tempted by a relatively high yield, but they should be wary of the dividend coverage risk. |
seekingalpha.com |
2024-11-15 15:01:03 |
Czytaj oryginał (ang.) |
| Dividend Cut Alert For 2 Deeply Undervalued 11%+ Yields |
Typically, stocks with at-risk dividends should be avoided. That said, there are exceptions to every rule. I share two high-yielding stocks that look like attractive buys to me even though their dividends could very possibly be cut in the near future. |
seekingalpha.com |
2024-10-10 11:05:00 |
Czytaj oryginał (ang.) |