Media stories about Oaktree Strategic Income (NASDAQ:OCSI) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Oaktree Strategic Income earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.2919031419241 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
A number of research firms have issued reports on OCSI. Zacks Investment Research cut Oaktree Strategic Income from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. ValuEngine upgraded Oaktree Strategic Income from a “buy” rating to a “strong-buy” rating in a report on Friday, March 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.50.
Shares of OCSI traded up $0.13 during trading hours on Thursday, reaching $8.01. The stock had a trading volume of 32,520 shares, compared to its average volume of 82,202. Oaktree Strategic Income has a 12 month low of $7.03 and a 12 month high of $9.09. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.61. The stock has a market cap of $238.68, a P/E ratio of 10.54 and a beta of 0.26.
The company also recently announced a quarterly dividend, which was paid on Friday, March 30th. Investors of record on Thursday, March 15th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.99%. The ex-dividend date was Wednesday, March 14th. Oaktree Strategic Income’s dividend payout ratio is currently 73.68%.
In related news, Director Richard Ruben acquired 5,000 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were acquired at an average cost of $7.86 per share, for a total transaction of $39,300.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Oaktree Capital Management Lp acquired 47,400 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were bought 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. Over the last quarter, insiders purchased 317,670 shares of company stock worth $2,462,607. 0.35% of the stock is owned by company insiders.
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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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