OCSL
Oaktree Specialty Lending Corporation Financial Services - Asset Management Investor Relations →
Oaktree Specialty Lending Corporation (OCSL) closed at $12.14 as of 2026-02-02, trading 13.0% below its 200-week moving average of $13.96. This places OCSL in the extreme value zone. The stock is currently moving closer to the line, down from -11.8% last week. With a 14-week RSI of 28, OCSL is in oversold territory.
Over the past 873 weeks of data, OCSL has crossed below its 200-week moving average 11 times. On average, these episodes lasted 24 weeks. Historically, investors who bought OCSL at the start of these episodes saw an average one-year return of +6.7%.
With a market cap of $1069 million, OCSL is a small-cap stock. The company generates a free cash flow yield of 17.0%, which is notably high. Return on equity stands at 2.2%. The stock trades at 0.7x book value.
Share count has increased 44.1% over three years, indicating dilution. This stock also meets the Yartseva multibagger criteria as a small-cap with strong free cash flow yield and reasonable book value.
Over the past 16.8 years, a hypothetical investment of $100 in OCSL would have grown to $230, compared to $1011 for the S&P 500. OCSL has returned 5.1% annualized vs 14.7% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 116.9% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: OCSL vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After OCSL Crosses Below the Line?
Across 11 historical episodes, buying OCSL when it crossed below its 200-week moving average produced an average return of +11.8% after 12 months (median -1.0%), compared to +17.9% for the S&P 500 over the same periods. 40% of those episodes were profitable after one year. After 24 months, the average return was +44.2% vs +32.0% for the index.
Each line shows $100 invested at the moment OCSL crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
OCSL has crossed below its 200-week MA 11 times with an average 1-year return of +6.7% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Dec 2014 | Sep 2017 | 146 | 35.6% | -12.3% | +57.2% |
| Nov 2017 | May 2018 | 25 | 15.7% | -8.5% | +72.8% |
| Jun 2018 | Jul 2018 | 6 | 3.4% | +25.4% | +86.4% |
| Oct 2018 | Jan 2019 | 12 | 5.5% | +22.5% | +85.6% |
| Mar 2020 | May 2020 | 10 | 41.9% | +66.4% | +87.9% |
| Aug 2024 | Aug 2024 | 1 | 0.5% | -5.3% | -9.0% |
| Sep 2024 | Sep 2024 | 1 | 2.6% | -4.5% | -8.1% |
| Oct 2024 | Nov 2024 | 4 | 1.3% | -1.1% | -11.3% |
| Dec 2024 | Jan 2025 | 5 | 5.9% | -4.1% | -11.7% |
| Feb 2025 | Feb 2025 | 1 | 1.4% | -11.6% | -11.6% |
| Mar 2025 | Ongoing | 48+ | 13.0% | Ongoing | -13.2% |
| Average | 24 | — | +6.7% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02