OCSL
Oaktree Specialty Lending Corporation Financial Services - Asset Management Investor Relations →
Oaktree Specialty Lending Corporation (OCSL) closed at $11.07 as of 2026-03-20, trading 17.3% below its 200-week moving average of $13.39. This places OCSL in the extreme value zone. The stock moved further from the line this week, up from -20.1% last week. With a 14-week RSI of 28, OCSL is in oversold territory.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.92 ratio) is neutral — neither side is clearly dominating.
Over the past 879 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 $975 million, OCSL is a small-cap stock. The company generates a free cash flow yield of 18.6%, 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 16.9 years, a hypothetical investment of $100 in OCSL would have grown to $218, compared to $952 for the S&P 500. OCSL has returned 4.7% annualized vs 14.2% for the index, underperforming the broader market over this period.
Free cash flow has been growing at a 116.9% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 +9.3% after 12 months (median -6.0%), compared to +17.8% for the S&P 500 over the same periods. 36% 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% | +48.7% |
| Nov 2017 | May 2018 | 25 | 15.7% | -8.5% | +63.4% |
| Jun 2018 | Jul 2018 | 6 | 3.4% | +25.4% | +76.3% |
| Oct 2018 | Jan 2019 | 12 | 5.5% | +22.5% | +75.5% |
| Mar 2020 | May 2020 | 10 | 41.9% | +66.4% | +77.7% |
| Aug 2024 | Aug 2024 | 1 | 0.5% | -5.3% | -13.9% |
| Sep 2024 | Sep 2024 | 1 | 2.6% | -4.5% | -13.1% |
| Oct 2024 | Nov 2024 | 4 | 1.3% | -1.1% | -16.0% |
| Dec 2024 | Jan 2025 | 5 | 5.9% | -4.1% | -16.5% |
| Feb 2025 | Feb 2025 | 1 | 1.4% | -11.6% | -16.4% |
| Mar 2025 | Ongoing | 54+ | 20.1% | Ongoing | -17.8% |
| Average | 24 | — | +6.7% | — |
Frequently Asked Questions
Is OCSL below its 200-week moving average?
Yes. As of 2026-03-20, Oaktree Specialty Lending Corporation (OCSL) is trading 17.3% below its 200-week moving average of $13.39. The current price is $11.07.
What is OCSL's 200-week moving average price?
Oaktree Specialty Lending Corporation's 200-week moving average is $13.39 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when OCSL drops below its 200-week moving average?
OCSL has crossed below its 200-week moving average 11 times in our data. On average, buying at that moment produced a one-year return of +6.7%. These dips have historically been decent entry points. These episodes lasted 24 weeks on average.
Is OCSL a good value right now?
Here's what our data says about OCSL as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 28 (oversold). Free cash flow yield is 18.6%. Return on equity is 2.2%. Price-to-book is 0.7x. This is not a buy or sell recommendation — always do your own research.
How does OCSL compare to the S&P 500?
Over the past 16.9 years, $100 invested in OCSL would have grown to $218, compared to $952 for the S&P 500. That's 4.7% annualized vs 14.2% for the index. OCSL has underperformed the broader market over this period.
Does OCSL pay a dividend?
Yes. Oaktree Specialty Lending Corporation currently pays a dividend yield of 1445.00%.
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 week of 2026-03-20