Oaktree Strategic Income Co. (NASDAQ:OCSI) has earned an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price target of $9.00 for the company and are forecasting that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also given Oaktree Strategic Income an industry rank of 210 out of 265 based on the ratings given to related companies.
Several equities research analysts have commented on the stock. 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. TheStreet lowered shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a research report on Friday, December 1st.
Shares of Oaktree Strategic Income (NASDAQ OCSI) opened at $7.81 on Thursday. The company has a market cap of $230.14, a price-to-earnings ratio of -28.92 and a beta of 0.26. Oaktree Strategic Income has a 1 year low of $7.03 and a 1 year high of $9.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.47.
Oaktree Strategic Income (NASDAQ:OCSI) last issued its earnings results on Friday, December 1st. The company reported $0.19 EPS for the quarter. Oaktree Strategic Income had a negative net margin of 16.64% and a positive return on equity of 6.93%. sell-side analysts predict that Oaktree Strategic Income will post 0.62 earnings per share for the current fiscal year.
The business also recently announced 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. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 7.17%. Oaktree Strategic Income’s payout ratio is currently -281.47%.
In related news, Director Richard Ruben bought 8,350 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average cost of $8.40 per share, for a total transaction of $70,140.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce Zimmerman bought 6,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were bought at an average price of $8.47 per share, for a total transaction of $50,820.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 74,570 shares of company stock worth $634,687 over the last 90 days. Insiders own 0.35% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new position in shares of Oaktree Strategic Income during the 4th quarter worth $119,000. Millennium Management LLC acquired a new position in shares of Oaktree Strategic Income during the 4th quarter worth $133,000. BB&T Securities LLC acquired a new position in shares of Oaktree Strategic Income during the 4th quarter worth $147,000. Guggenheim Capital LLC acquired a new position in shares of Oaktree Strategic Income during the 4th quarter worth $152,000. Finally, Mariner Investment Group LLC acquired a new position in shares of Oaktree Strategic Income during the 4th quarter worth $170,000. 1.43% of the stock is owned by institutional investors and hedge funds.
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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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