News articles about Oaktree Strategic Income (NASDAQ:OCSI) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oaktree Strategic Income earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.2919031419241 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of brokerages recently weighed in on OCSI. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. TheStreet lowered shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Oaktree Strategic Income presently has a consensus rating of “Hold” and a consensus price target of $9.50.
Shares of OCSI stock traded down $0.02 during mid-day trading on Wednesday, reaching $7.97. 18,364 shares of the company’s stock were exchanged, compared to its average volume of 85,427. Oaktree Strategic Income has a 1 year low of $7.03 and a 1 year high of $9.09. The company has a market capitalization of $234.85, a PE ratio of 11.23 and a beta of 0.29. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.03%. Oaktree Strategic Income’s dividend payout ratio is -207.40%.
In related news, Director Richard Ruben acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $7.86 per share, with a total value of $39,300.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Oaktree Capital Management Lp acquired 47,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was bought at an average cost of $7.73 per share, for a total transaction of $366,402.00. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 317,670 shares of company stock worth $2,462,607. Insiders own 0.35% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Oaktree Strategic Income (NASDAQ:OCSI) Receiving Somewhat Favorable Press Coverage, Accern Reports” was reported by BBNS and is the property of of BBNS. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://baseballnewssource.com/2018/03/21/oaktree-strategic-income-ocsi-getting-somewhat-favorable-press-coverage-report-shows-2/2029244.html.
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.
Receive News & Ratings for Oaktree Strategic Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Strategic Income and related companies with MarketBeat.com's FREE daily email newsletter.