Zacks Investment ResearchT3·3d ago
OCSL Oaktree Specialty Lending Corporation
XNAS 12.53 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
OCSL
$12.53
—
What changed
Recent filings, trades and movesKey stats
$12.53
- 52-Week Range
- $10.63 – $13.90
- YTD
- -1.49%
- IV Rank (30D)
- 12.64
- Straddle Price
- $0.82
- P/C Vol Ratio
- 0.84
- Market Cap
- $1.1B
- Open
- $12.55
- Day Range
- $12.38 – $12.58
- Volume
- 150,614
- Prev Close
- $12.50
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 0.73 |
| Cost of Equity (CAPM) | 8.55% (VRP-adj) |
| WACC | 8.65% |
| Volatility Risk Premium | +61.3pp (IV − HV30) |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Free Cash Flow (TTM) | $0.1B |
| Return on Equity (TTM) | 3.0% |
| Book / Price | 125.0% — banking bias active (P/B is primary) |
| Quality Score | 0/6 — cyclical/struggling (5y DCF) |
| Market-Implied Growth | -8.0% (reverse-DCF on current price) |
| SMA 50 | $12.16 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $11.83 |
| Bollinger Width / SMA20 | 14.5% (drives anchor stability) |
| Net Debt | $0.0B |
| Market Cap | $1B |
Peers used for multiples: ARCC, BBDC, GBDC, HTGC, MAIN, OBDC, TSLX
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
6%
20-Day Fair Value
≈ by Dec 8, 2026
$12.46
α -0.5%
rank 53%
conviction
40%
40-Day Fair Value
≈ by Jan 6, 2027
$12.62
α +0.8%
rank 53%
conviction
29%
60-Day Fair Value
≈ by Feb 4, 2027
$12.50
α -0.2%
rank 53%
conviction
6%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $20.52 | 0% | |
| DDM (Gordon) | $27.27 | 0% | |
| Peer P/E | $7.90 | 8% | median 16.0× · 7 peers |
| Peer EV/EBITDA | $15.79 | 10% | median 31.1× · 7 peers |
| Peer P/B | $15.62 | 14% | median 1.0× · 7 peers |
| Peer P/S | $12.42 | 14% | median 5.4× · 7 peers |
| Market Anchor (SMA50) | $12.16 | 54% | stability 78% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-11-09 · updated
About
- Exchange
- XNAS
- Market Cap
- $1.1B
- List Date
- 1997-12-23
- CIK
- 0001414932
- Next Earnings
- 2026-11-17 (Pre-Market)
- EPS Forecast
- $0.34
- Headquarters
- Los Angles, CA
- Homepage
- https://www.oaktreespecialtylending.com
Oaktree Specialty Lending Corp is a specialty finance company. The company provides lending services and invests in small and mid-sized companies. The company's investment objective is to maximize its portfolio's total return by generating current income from debt investments, and to a lesser extent, capital appreciation from equity investments. The company provides customized, one-stop credit solutions to companies with limited access to public or syndicated capital markets. The company operates as a single reportable segment and derives revenues from investing in originated loans and other s…
Summary
—
composite
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No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.71% | 0.00% | -4.44% | 3.82% | 4.51% | -3.14% | 0.01% |
| Feb | 8.27% | -1.72% | -0.29% | 2.20% | 1.07% | -7.35% | 0.36% |
| Mar | 0.16% | -1.21% | -7.17% | -0.05% | -3.70% | -1.40% | -2.23% |
| Apr | 6.56% | -4.28% | -0.05% | -0.83% | -6.61% | 12.78% | 1.26% |
| May | 0.00% | -1.42% | -0.32% | 0.10% | 10.25% | -7.00% | 0.27% |
| Jun | -1.47% | -6.96% | 3.74% | -4.37% | -5.20% | -1.08% | -2.56% |
| Jul | 1.04% | 5.07% | 4.40% | -3.48% | 0.58% | -3.89% | 0.62% |
| Aug | 7.64% | -2.67% | -2.15% | -0.98% | 3.24% | 11.06% | 2.69% |
| Sep | -3.68% | -11.76% | -0.30% | -4.28% | -6.12% | -9.23% | -5.89% |
| Oct | 2.79% | 8.91% | -2.86% | -0.37% | 7.48% | 1.25% | 2.87% |
| Nov | -0.81% | 7.81% | 4.11% | 2.38% | -0.29% | 0.97%* | 2.36% |
| Dec | 2.19% | -4.45% | 2.10% | -7.23% | -7.35% | -- | -2.95% |
| Total | 23.39% | -13.70% | -3.86% | -12.85% | -3.90% | -9.07% | -3.33% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $11.86
SMA 50: $12.15
SMA 200: $12.07
Current: $12.53
EMA 12: $12.21
EMA 26: $12.06
MACD: 0.1504 | Signal: 0.1260
BULLISH
ADX (14): 31.45
TREND
+DI: 29.21
−DI: 10.20
Momentum Oscillators
RSI (14): 62.59
NEUTRAL
Stoch %K: 82.92
Stoch %D: 84.30
Williams %R: -16.25
Volume & Volatility
BB Upper: $12.77
BB Lower: $10.96
NEUTRAL
OBV: -10,636,280
Vol SMA 20: 438,461
Vol ROC: -52.06%
ATR: $0.29
True Range: $0.20
HV 20: 25.4%
HV 30: 23.5%
HV 60: 20.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
LLM Stock Analysis Report - OCSL
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Strong technical momentum, low volatility, and stable earnings outlook.
Primary Risks: Earnings misses, regulatory changes, and interest rate shifts affecting the BDC sector.
Investment Thesis: OCSL appears to be in a consolidative phase, with a mix of bullish and bearish signals. The company's strong technical momentum, low volatility, and stable earnings outlook make it an attractive investment opportunity for those willing to take calculated risks. However, the potential for earnings misses, regulatory changes, and interest rate shifts affecting the BDC sector remain key risks that investors should carefully consider.
Recent News Sentiment Impact: The recent news headlines have been neutral, with no significant events or developments impacting the stock price.
Technical Analysis
Trend Direction: Medium-term uptrend (1-3 months)
Support/Resistance Levels:
- Upper Bollinger Band: $13.30
- Middle Line (SMA 50): $12.43
- Lower Bollinger Band: $12.74
Momentum Signals: RSI: 57.14 (neutral) MACD: Bullish, with a signal line crossover above the zero line Bollinger Bands: Neutral, with the price oscillating around the middle line
Volume Analysis: Volume SMA 20: 506448.31 On-Balance Volume (OBV): -12310073.89 Volume Rate of Change: -45.22%
News & Sentiment Analysis
Recent Headlines Summary: Mixed news headlines, with no significant events or developments impacting the stock price.
Sentiment Assessment: Neutral sentiment, with an equal balance between positive and negative news articles.
Catalyst Identification: No near-term catalysts identified, but the company's earnings release could impact the stock price in the medium term.
Market Narrative: The recent news headlines have been neutral, with no significant events or developments impacting the stock price. The market narrative is focused on the company's stable earnings outlook and low volatility.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta = 0.53).
Volatility Regime: Low volatility, with a Historical Volatility of 17.1% (HV20) and an Average True Range (ATR) of $0.24.
Options Market Signals:
- IV Rank: Medium (37.4%)
- Current IV: 109.4%
- Expected Move: $0.88 (42 DTE)
- Put/Call Volume Ratio: Neutral (1.00)
Market Context & Positioning
Sector Performance: The BDC sector has been relatively flat, with no significant trends or developments impacting the stock price.
Institutional Activity: Institutional interest appears to be low, with a Volume Flow of 1 calls vs 1 puts and an Open Interest of 1 calls vs 1 puts.
Correlation Analysis: OCSL's correlation coefficient is 0.28, indicating a moderate positive relationship between the stock price and market movements.
Relative Valuation: The company appears to be trading within its historical range, with a Relative Valuation score of 0.92 (neutral).
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $12.74
- Upper Bollinger Band: $13.30
Breakout/Breakdown Levels: No significant levels identified.
Time-Sensitive Catalysts: The company's earnings release could impact the stock price in the medium term.
Risk Management: Investors should consider a stop-loss level around $12.50 to manage risk and limit potential losses.
By analyzing OCSL's technical, fundamental, and options data, we can conclude that the stock is currently in a consolidative phase, with a mix of bullish and bearish signals. The company's strong technical momentum, low volatility, and stable earnings outlook make it an attractive investment opportunity for those willing to take calculated risks. However, the potential for earnings misses, regulatory changes, and interest rate shifts affecting the BDC sector remain key risks that investors should carefully consider.
Generated
News
All OCSL news →
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Showing 1–10 of 50
Page 1 of 5
Earnings History
13 of 17 under expected move
Avg Expected Move
5.68%
Avg Actual Move
2.78%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-05-06 | Pre-Market | 4.22% | 0.15% | 0.04x | Within |
| 2021-11-16 | Pre-Market | 1.21% | 0.13% | 0.11x | Within |
| 2023-02-07 | Pre-Market | 3.21% | 1.23% | 0.38x | Within |
| 2023-05-04 | Pre-Market | 6.87% | 2.60% | 0.38x | Within |
| 2023-08-03 | Pre-Market | 4.06% | 2.25% | 0.55x | Within |
| 2023-11-14 | Pre-Market | 2.77% | 0.10% | 0.04x | Within |
| 2024-02-01 | Pre-Market | 4.30% | 7.84% | 1.82x | Exceeded |
| 2024-04-30 | Pre-Market | 3.27% | 3.57% | 1.09x | Exceeded |
| 2024-08-01 | Pre-Market | 4.71% | 4.05% | 0.86x | Within |
| 2024-11-19 | Pre-Market | 9.13% | 3.34% | 0.37x | Within |
| 2025-02-04 | Pre-Market | 8.62% | 2.76% | 0.32x | Within |
| 2025-05-01 | Pre-Market | 6.94% | 7.85% | 1.13x | Exceeded |
| 2025-08-05 | Pre-Market | 9.62% | 1.70% | 0.18x | Within |
| 2025-11-18 | Pre-Market | 8.25% | 0.00% | 0.00x | Within |
| 2026-02-04 | Pre-Market | 6.18% | 3.29% | 0.53x | Within |
| 2026-05-05 | Pre-Market | 5.43% | 5.74% | 1.06x | Exceeded |
| 2026-08-05 | Pre-Market | 7.83% | 0.58% | 0.07x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
OCSL Options Activity & IV Rank
OCSL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 26.4%
7-DTE IV: 33.1%
Expected Move: $0.82
7-DTE Move: $0.57
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 232
Put Volume: 194
P/C Volume: 0.836
NEUTRAL
Call OI: 1,352
Put OI: 2,261
P/C OI: 1.672
Total OI: 3,613
ATM Options Pricing
ATM Call: $0.33
ATM Put: $0.50
Call %: 2.6%
Put %: 4.0%
Chain Summary
Chain Volume: 426
Chain OI: 3,613
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 6th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
6%
vs own history
GEX tilt
-0.41
OI-weighted, today
Vanna tilt
-0.13
δ-sensitivity to IV
Charm tilt
+0.37
δ-decay vs time
Charm tilt +0.37: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 5 ATM contracts, 3k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)4.3LowNov 9
IV Rank (30 DTE)12.6LowNov 9
Straddle Price (30 DTE)$0.82Nov 9
Beta Analysis
Risk Metrics
Beta: 0.4569
Alpha: -11.50%
Correlation: 0.2592
R-Squared: 6.7%
Stock Volatility: 24.3%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own OCSL
3 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Oaktree Capital Asset manager Howard Marks | $94.0M | #13 of 130 | +325.0% | 13F | |
| Citadel Hedge fund Ken Griffin | $1.9M | #2999 of 6285 | -54.4% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $736K | #1882 of 4729 | +34.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
OCSL Institutional Ownership (13F)
Filings for 2026-06-30 · 73 already for 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
5 filers$2.53M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.26M | 49.55% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $852.52K | 33.63% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $304.47K | 12.01% | 2026-06-30 |
| 4 | CAPTRUST FINANCIAL ADVISORS | $119.40K | 4.71% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $2.38K | 0.09% | 2026-09-30 |
5 filers$1.94M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | HBK INVESTMENTS L P | $1.19M | 61.63% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $543.27K | 28.04% | 2026-06-30 |
| 3 | MARINER INVESTMENT GROUP LLC | $115.50K | 5.96% | 2026-09-30 |
| 4 | GROUP ONE TRADING LLC Custodian | $48.95K | 2.53% | 2026-06-30 |
| 5 | Simplex Trading, LLC Custodian | $35.70K | 1.84% | 2026-09-30 |
OCSL Insider Trading (Form 4)
Latest: 2026-08-13Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-13 | Armen Panossian | See Remarks | Buy (P) | +1,700 | $12.69 | $21.6K | EDGAR |
| 2026-03-18 | Deborah Ann Gero | Director | Buy (P) | +2,000 | $10.78 | $21.6K | EDGAR |
| 2026-03-18 | Phyllis R Caldwell | Director | Buy (P) | +2,500 | $10.77 | $26.9K | EDGAR |
| 2025-09-16 | Phyllis R Caldwell | Director | Buy (P) | +3,000 | $13.19 | $39.6K | EDGAR |
| 2025-07-01 | Deborah Ann Gero | Director | Buy (P) | +2,500 | $13.70 | $34.2K | EDGAR |
| 2025-05-19 | Armen Panossian | See Remarks | Buy (P) | +8,000 | $14.13 | $113.0K | EDGAR |
| 2025-05-08 | Phyllis R Caldwell | Director | Buy (P) | +2,000 | $13.32 | $26.6K | EDGAR |
| 2025-05-07 | Craig A Jacobson | Director | Buy (P) | +14,910 | $13.41 | $199.9K | EDGAR |
| 2025-02-26 | Phyllis R Caldwell | Director | Buy (P) | +2,500 | $15.83 | $39.6K | EDGAR |
| 2025-02-25 | Mathew Pendo | President | Buy (P) | +6,260 | $15.93 | $99.7K | EDGAR |
| 2025-02-25 | Raghav Khanna | Co-Chief Investment Officer | Buy (P) | +6,000 | $15.95 | $95.7K | EDGAR |
| 2024-09-23 | Phyllis R Caldwell | Director | Buy (P) | +1,000 | $16.01 | $16.0K | EDGAR |
| 2024-08-14 | Phyllis R Caldwell | Director | Buy (P) | +1,334 | $16.29 | $21.7K | EDGAR |
| 2024-02-14 | Phyllis R Caldwell | Director | Buy (P) | +2,000 | $20.07 | $40.1K | EDGAR |
| 2023-04-12 | Ashley Pak | Chief Compliance Officer | Buy (P) | +1,000 | $19.41 | $19.4K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
OCSL Insider Holdings
6 insiders · @ $12.53
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Craig A Jacobson | Director | 71,667 | $898.0K | $300.7K | 3 | 2025-05-07 |
| 2 | Mathew Pendo | President | 52,596 | $659.0K | $367.2K | 5 | 2025-02-25 |
| 3 | Deborah Ann Gero | Director | 24,411 | $305.9K | $99.3K | 5 | 2026-03-18 |
| 4 | Phyllis R Caldwell | Director | 23,500 | $294.5K | $397.7K | 14 | 2026-03-18 |
| 5 | Armen Panossian | See Remarks | 22,489 | $281.8K | $168.0K | 4 | 2026-08-13 |
| 6 | Raghav Khanna | Co-Chief Investment Officer | 6,000 | $75.2K | $95.7K | 1 | 2025-02-25 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
OCSL Board & Officers
As of SEC filings through Aug 13, 2026Directors 4
- Bruce Zimmerman · since Oct 17, 2017
- John Frank · since Oct 17, 2017
- Deborah Ann Gero · since Mar 7, 2019
- Phyllis R Caldwell · since Dec 31, 2021
Officers 2
- Armen Panossian · Chief Executive Officer and Co-Chief Investment Officer · listed since May 2025
- Brett McKeone · Chief Operating Officer · since Dec 31, 2025
Changes in the last 10 years (31)
| Dec 31, 2025 | Brett McKeone became Chief Operating Officer |
| May 19, 2025 | Armen Panossian listed as Chief Executive Officer and Co-Chief Investment Officer (previously Chief Executive Officer) in SEC filings |
| Nov 15, 2024 | Raghav Khanna became Co-Chief Investment Officer |
| Jun 14, 2024 | The company announced the departure of Matthew Stewart as Chief Operating Officer in an SEC filing |
| May 11, 2022 | Mathew Pendo listed as President (previously President and COO) in SEC filings |
| Jan 28, 2022 | Matthew Stewart became Chief Operating Officer |
| Dec 31, 2021 | Phyllis R Caldwell became a director |
| Dec 30, 2021 | Leonard M Tannenbaum reported in an SEC filing no longer being a 10% owner |
| Nov 30, 2021 | Christopher McKown became Chief Financial Officer and Treasurer |
| Nov 12, 2021 | Ashley Pak became Chief Compliance Officer |
| Feb 27, 2020 | Melvin Carlisle listed as CFO & Treasurer (previously Chief Financial Officer) in SEC filings |
| Dec 16, 2019 | Mathew Pendo listed as President and COO (previously Chief Operating Officer) in SEC filings |
| Sep 30, 2019 | Armen Panossian became Chief Executive Officer |
| Mar 7, 2019 | Deborah Ann Gero became a director |
| Oct 17, 2017 | Richard Ruben became a director |
| Oct 17, 2017 | Melvin Carlisle became Chief Financial Officer |
| Oct 17, 2017 | Mathew Pendo became Chief Operating Officer |
| Oct 17, 2017 | Marc Gamsin became a director |
| Oct 17, 2017 | Kimberly Larin became Chief Compliance Officer |
| Oct 17, 2017 | John Frank became a director |
| Oct 17, 2017 | Edgar Lee became Chief Executive Officer and Chief Investment Officer |
| Oct 17, 2017 | Craig A Jacobson became a director |
| Oct 17, 2017 | Bruce Zimmerman became a director |
| Oct 3, 2017 | Bernard D Berman first listed as Chief Executive Officer in an SEC filing |
| Jul 13, 2017 | Oaktree Holdings, Inc. became a 10% owner |
| Jul 13, 2017 | Oaktree Capital Management LP became a 10% owner |
| Jul 13, 2017 | Oaktree Capital Group, LLC became a 10% owner |
| Jul 13, 2017 | Oaktree Capital Group Holdings GP, LLC became a 10% owner |
| May 10, 2017 | Alexander C Frank first listed as a director in an SEC filing |
| Jan 2, 2017 | Patrick J Dalton became a director |
| Jan 2, 2017 | Patrick J Dalton became Chief Executive Officer |
Not reported recently (23)
- Craig A Jacobson · Last reported as a director in an SEC filing dated May 7, 2025
- Mathew Pendo · Last reported as President in an SEC filing dated Feb 25, 2025
- Raghav Khanna · Last reported as Co-Chief Investment Officer in an SEC filing dated Feb 25, 2025
- Ashley Pak · Last reported as Chief Compliance Officer in an SEC filing dated Apr 12, 2023
- Christopher McKown · Last reported as Chief Financial Officer and Treasurer in an SEC filing dated Mar 20, 2023
- Melvin Carlisle · Last reported as CFO & Treasurer in an SEC filing dated Mar 23, 2021
- Richard Ruben · Last reported as a director in an SEC filing dated Mar 23, 2021
- Marc Gamsin · Last reported as a director in an SEC filing dated Feb 14, 2018
- Edgar Lee · Last reported as Chief Executive Officer and Chief Investment Officer in an SEC filing dated Dec 19, 2017
- Oaktree Holdings, Inc. · Last reported as a 10% owner in an SEC filing dated Dec 15, 2017
- Oaktree Capital Group Holdings GP, LLC · Last reported as a 10% owner in an SEC filing dated Dec 15, 2017
- Oaktree Capital Group, LLC · Last reported as a 10% owner in an SEC filing dated Dec 15, 2017
- Oaktree Capital Management LP · Last reported as a 10% owner in an SEC filing dated Dec 15, 2017
- Kimberly Larin · Last reported as Chief Compliance Officer in an SEC filing dated Oct 25, 2017
- Bernard D Berman · Last reported as a director in an SEC filing dated Oct 3, 2017
- Alexander C Frank · Last reported as a director in an SEC filing dated May 10, 2017
- James Castro-Blanco · Last reported as a director in an SEC filing dated Feb 17, 2017
- Douglas F Ray · Last reported as a director in an SEC filing dated Feb 16, 2017
- Sandeep K. Khorana · Last reported as a director in an SEC filing dated Feb 16, 2017
- Steven M. Noreika · Last reported as Chief Financial Officer in an SEC filing dated Feb 14, 2017
- Patrick J Dalton · Last reported as a director in an SEC filing dated Feb 14, 2017
- Byron J Haney · Last reported as a director in an SEC filing dated Feb 13, 2017
- Richard P Dutkiewicz · Last reported as a director in an SEC filing dated Feb 13, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
Recent SEC Filings
Latest: 2026-09-16
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-08-05 | 0001414932-26-000017 | EDGAR |
ETF Holders
8 ETFs hold OCSL
8 shown · $30.56M total exposure · 1.58% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | BIZD VanEck BDC Income ETF | VanEck | 1.31% | $19.6M | $1.5B | 2026-11-05 |
| 2 | PBDC Putnam BDC Income ETF | Franklin | 2.94% | $8.2M | $278.6M | 2026-11-06 |
| 3 | FBDC FT Confluence BDC & Specialty Finance Income ETF | First Trust | 2.30% | $879,612 | $38.3M | 2026-11-06 |
| 4 | NMBL NovaTide Flexible Allocation ETF | Nport | 2.59% | $638,522 | — | 2026-08-31 |
| 5 | VPC Virtus Private Credit Strategy ETF | Nport | 1.79% | $543,627 | — | 2026-07-31 |
| 6 | PSP Invesco Global Listed Private Equity ETF | Invesco | 0.25% | $535,430 | — | 2026-11-05 |
| 7 | PEX ProShares Global Listed Private Equity ETF | ProShares | 1.63% | $174,500 | — | 2026-11-06 |
| 8 | ORR Militia Long/Short Equity ETF | Nport | -0.22% | — | — | 2026-08-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
—
TTM Revenue
—
TTM Net Income
—
TTM Op. Cash Flow
—
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
26.11
P/B
0.80
P/S
5.64
EV/EBITDA
46.10
EV/Sales
10.23
ROE
3.0%
ROA
1.5%
Div Yield
11.89%
FCF Yield
9.62%
Debt/Equity
0.68
Current Ratio
2.97
Market Cap
$1.10B
as of 2026-11-05
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
3.18M
SI % of Float
3.97%
Days to Cover
6.29
Short Vol Ratio
59.2%
Free Float
79.96M
Float %
90.8%
Short interest 2026-10-15 • Short volume 2026-11-06 • Float 2026-08-14