Press coverage about Oaktree Strategic Income (NASDAQ:OCSI) has trended somewhat negative recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Oaktree Strategic Income earned a coverage optimism score of -0.18 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.1807450623836 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
Oaktree Strategic Income (NASDAQ OCSI) traded down $0.17 during mid-day trading on Monday, reaching $8.45. 122,805 shares of the company’s stock were exchanged, compared to its average volume of 165,308. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.57. Oaktree Strategic Income has a 52 week low of $7.03 and a 52 week high of $10.37. The stock has a market capitalization of $254.00, a price-to-earnings ratio of 11.34 and a beta of 0.30.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Maxim Group restated a “hold” rating on shares of Oaktree Strategic Income in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.50.
In other news, major shareholder Leonard M. Tannenbaum sold 12,525 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $9.01, for a total value of $112,850.25. Following the completion of the sale, the insider now directly owns 5,086,259 shares of the company’s stock, valued at $45,827,193.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 22,800 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $9.01, for a total transaction of $205,428.00. The disclosure for this sale can be found here. Insiders have sold 62,433 shares of company stock valued at $560,881 over the last ninety days. Insiders own 0.43% of the company’s stock.
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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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