Shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) have received an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.25.
Several equities research analysts have weighed in on OCSI shares. ValuEngine raised shares of Oaktree Strategic Income from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 23rd. Zacks Investment Research raised shares of Oaktree Strategic Income from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 17th.
Shares of OCSI opened at $8.11 on Friday. The firm has a market cap of $247.23 million, a price-to-earnings ratio of 10.67 and a beta of 0.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.34 and a quick ratio of 0.34. Oaktree Strategic Income has a twelve month low of $7.03 and a twelve month high of $9.09.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Tuesday, May 8th. The company reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The business had revenue of $10.56 million during the quarter. Oaktree Strategic Income had a negative net margin of 8.28% and a positive return on equity of 6.91%. equities research analysts forecast that Oaktree Strategic Income will post 0.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 29th. Stockholders of record on Friday, June 15th were given a $0.145 dividend. This represents a $0.58 annualized dividend and a dividend yield of 7.15%. This is a boost from Oaktree Strategic Income’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, June 14th. Oaktree Strategic Income’s dividend payout ratio (DPR) is currently 76.32%.
In other news, major shareholder Leonard M. Tannenbaum sold 4,444 shares of the firm’s stock in a transaction dated Thursday, May 24th. The shares were sold at an average price of $8.50, for a total value of $37,774.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Leonard M. Tannenbaum sold 4,584 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $8.50, for a total transaction of $38,964.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,407 shares of company stock valued at $105,460. Corporate insiders own 0.41% of the company’s stock.
Large investors have recently bought and sold shares of the company. California Public Employees Retirement System purchased a new stake in shares of Oaktree Strategic Income in the 4th quarter worth about $672,000. Two Sigma Investments LP purchased a new stake in shares of Oaktree Strategic Income in the 4th quarter worth about $688,000. Raymond James & Associates bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth about $5,112,000. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth about $887,000. Finally, Oaktree Capital Management LP bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth about $484,000. 28.06% of the stock is owned by hedge funds and other institutional investors.
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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