Press coverage about Oaktree Strategic Income (NASDAQ:OCSI) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oaktree Strategic Income earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 46.4854761975814 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Oaktree Strategic Income (NASDAQ OCSI) traded down $0.01 during trading on Friday, reaching $8.45. The company’s stock had a trading volume of 42,265 shares, compared to its average volume of 121,536. Oaktree Strategic Income has a 12 month low of $7.03 and a 12 month high of $10.37. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $249.29, a P/E ratio of -28.17 and a beta of 0.30.
Oaktree Strategic Income (NASDAQ:OCSI) last released its earnings results on Friday, February 9th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Oaktree Strategic Income had a negative net margin of 18.88% and a positive return on equity of 7.20%. equities analysts anticipate that Oaktree Strategic Income will post 0.76 EPS for the current fiscal year.
A number of research firms recently weighed in on OCSI. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet downgraded Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.50.
In other news, major shareholder Leonard M. Tannenbaum sold 12,525 shares of Oaktree Strategic Income stock in a transaction on Friday, October 20th. The stock was sold at an average price of $9.01, for a total transaction of $112,850.25. Following the completion of the transaction, the insider now owns 5,086,259 shares of the company’s stock, valued at approximately $45,827,193.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Oaktree Capital Management Lp purchased 57,600 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $8.57 per share, with a total value of $493,632.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 71,950 shares of company stock valued at $614,592 and sold 54,960 shares valued at $495,119. 0.43% of the stock is currently owned by company insiders.
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Oaktree Strategic Income Company Profile
Oaktree Strategic Income Corporation, formerly Fifth Street Senior Floating Rate Corp., is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.
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