Oaktree Strategic Income Co. (NASDAQ:OCSI) Director Richard W. Cohen bought 2,620 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was bought at an average cost of $7.67 per share, for a total transaction of $20,095.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Oaktree Strategic Income Co. (NASDAQ OCSI) opened at $7.81 on Friday. The firm has a market capitalization of $230.14, a P/E ratio of -28.92 and a beta of 0.26. The company has a current ratio of 0.47, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61. Oaktree Strategic Income Co. has a 12-month low of $7.03 and a 12-month high of $9.38.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Friday, December 1st. The company reported $0.19 earnings per share for the quarter. Oaktree Strategic Income had a positive return on equity of 6.93% and a negative net margin of 16.64%. equities analysts forecast that Oaktree Strategic Income Co. will post 0.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Wednesday, March 14th. Oaktree Strategic Income’s dividend payout ratio (DPR) is presently -281.47%.
A number of analysts recently issued reports on OCSI shares. TheStreet downgraded Oaktree Strategic Income from a “b-” rating to a “c” rating in a research report on Friday, December 1st. Zacks Investment Research raised Oaktree Strategic Income from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.50.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new position in Oaktree Strategic Income during the fourth quarter worth approximately $119,000. Millennium Management LLC acquired a new position in Oaktree Strategic Income during the fourth quarter worth approximately $133,000. BB&T Securities LLC acquired a new position in Oaktree Strategic Income during the fourth quarter worth approximately $147,000. Guggenheim Capital LLC acquired a new position in Oaktree Strategic Income during the fourth quarter worth approximately $152,000. Finally, Mariner Investment Group LLC acquired a new position in Oaktree Strategic Income during the fourth quarter worth approximately $170,000. 1.43% of the stock is currently owned by hedge funds and other institutional investors.
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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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