Mariner Investment Group LLC acquired a new stake in shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,209 shares of the company’s stock, valued at approximately $170,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN acquired a new position in Oaktree Strategic Income during the fourth quarter valued at approximately $3,014,000. Acadian Asset Management LLC acquired a new position in Oaktree Strategic Income during the fourth quarter valued at approximately $1,939,000. California Public Employees Retirement System acquired a new position in Oaktree Strategic Income during the fourth quarter valued at approximately $672,000. Shelton Capital Management acquired a new position in Oaktree Strategic Income during the fourth quarter valued at approximately $557,000. Finally, Garner Asset Management Corp acquired a new position in Oaktree Strategic Income during the fourth quarter valued at approximately $347,000. 13.12% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on OCSI shares. Zacks Investment Research upgraded Oaktree Strategic Income from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. 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 issued a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.50.
Oaktree Strategic Income Co. (OCSI) opened at $7.81 on Tuesday. Oaktree Strategic Income Co. has a twelve month low of $7.03 and a twelve month high of $9.38. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $230.13, a P/E ratio of 11.00 and a beta of 0.26.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.19 EPS for the quarter. Oaktree Strategic Income had a positive return on equity of 6.93% and a negative net margin of 16.64%. equities research analysts forecast that Oaktree Strategic Income Co. will post 0.62 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be issued a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 7.17%. Oaktree Strategic Income’s dividend payout ratio (DPR) is presently -281.47%.
In related news, Director Bruce Zimmerman acquired 6,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were acquired at an average price of $8.47 per share, for a total transaction of $50,820.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard Ruben acquired 8,350 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of $8.40 per share, for a total transaction of $70,140.00. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 74,570 shares of company stock worth $634,687. Corporate insiders own 0.35% of the company’s stock.
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About Oaktree Strategic Income
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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