Oaktree Strategic Income (OCSI) Earning Somewhat Favorable Media Coverage, Report Shows
Headlines about Oaktree Strategic Income (NASDAQ:OCSI) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Oaktree Strategic Income earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.3927759831127 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Oaktree Strategic Income (OCSI) opened at $8.60 on Friday. The firm has a market cap of $251.65, a PE ratio of -28.67 and a beta of 0.30. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.61. Oaktree Strategic Income has a fifty-two week low of $7.03 and a fifty-two week high of $10.37.
Several analysts have recently weighed in on OCSI shares. Zacks Investment Research downgraded shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. TheStreet downgraded shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.50.
In related news, major shareholder Leonard M. Tannenbaum sold 4,578 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $9.00, for a total transaction of $41,202.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Bernard D. Berman sold 7,473 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $8.80, for a total transaction of $65,762.40. Following the sale, the chief executive officer now directly owns 92,027 shares in the company, valued at approximately $809,837.60. The disclosure for this sale can be found here. In the last ninety days, insiders bought 71,950 shares of company stock worth $614,592 and sold 62,433 shares worth $560,881. 0.43% of the stock is owned by 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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