News articles about Oaktree Strategic Income (NASDAQ:OCSI) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Oaktree Strategic Income earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.4594526377733 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
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, January 10th. ValuEngine upgraded shares of Oaktree Strategic Income from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $9.50.
NASDAQ:OCSI traded down $0.09 on Friday, hitting $7.92. The stock had a trading volume of 33,272 shares, compared to its average volume of 60,597. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $233.38, a price-to-earnings ratio of 10.42 and a beta of 0.26. Oaktree Strategic Income has a 1-year low of $7.03 and a 1-year high of $9.09.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its earnings results on Friday, February 9th. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.04). The firm had revenue of $10.73 million during the quarter. Oaktree Strategic Income had a negative net margin of 16.64% and a positive return on equity of 6.93%. equities analysts anticipate that Oaktree Strategic Income will post 0.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were issued a $0.14 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.56 annualized dividend and a yield of 7.07%. Oaktree Strategic Income’s payout ratio is 73.68%.
In other news, Director Richard Ruben bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were bought at an average cost of $7.86 per share, for a total transaction of $39,300.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Oaktree Capital Management Lp bought 47,400 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was purchased at an average price of $7.72 per share, for a total transaction of $365,928.00. The disclosure for this purchase can be found here. Insiders acquired a total of 317,670 shares of company stock worth $2,462,607 over the last quarter. 0.35% of the stock is currently owned by company insiders.
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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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