TheStreet downgraded shares of Oaktree Strategic Income (NASDAQ:OCSI) from a b- rating to a c rating in a research note released on Friday.
A number of other analysts have also recently commented on the company. Zacks Investment Research cut Oaktree Strategic Income from a buy rating to a hold rating in a research report on Monday, October 16th. Maxim Group reaffirmed a hold rating on shares of Oaktree Strategic Income in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Oaktree Strategic Income has a consensus rating of Hold and a consensus target price of $9.50.
Shares of Oaktree Strategic Income (NASDAQ OCSI) traded down $0.17 on Friday, reaching $8.45. The company’s stock had a trading volume of 122,800 shares, compared to its average volume of 165,308. 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 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.57. The firm has a market cap of $254.00, a PE ratio of 11.34 and a beta of 0.31.
In other news, major shareholder Leonard M. Tannenbaum sold 12,525 shares of the business’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $9.01, for a total value 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Bernard D. Berman sold 7,473 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $8.80, for a total value of $65,762.40. Following the completion of the transaction, the chief executive officer now directly owns 92,027 shares of the company’s stock, valued at approximately $809,837.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 62,433 shares of company stock valued at $560,881. 0.43% of the stock is currently owned by 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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