Oaktree Strategic Income (OCSI) Downgraded by TheStreet

Oaktree Strategic Income (NASDAQ:OCSI) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued on Friday.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. Maxim Group reiterated a “hold” rating on shares of Oaktree Strategic Income in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.50.

Oaktree Strategic Income (NASDAQ:OCSI) opened at $8.45 on Friday. Oaktree Strategic Income has a 1-year low of $7.03 and a 1-year high of $10.37. The firm has a market cap of $254.00, a P/E ratio of 11.34 and a beta of 0.31. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.29 and a quick ratio of 0.29.

In other news, major shareholder Leonard M. Tannenbaum sold 12,525 shares of the business’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $9.01, for a total transaction of $112,850.25. Following the completion of the sale, the insider now owns 5,086,259 shares of the company’s stock, valued at approximately $45,827,193.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Bernard D. Berman sold 7,473 shares of the business’s stock in a transaction on Friday, September 29th. The shares were 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 of the company’s stock, valued at approximately $809,837.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 62,433 shares of company stock valued at $560,881. Company insiders own 0.43% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.com-unik.info/2017/12/05/oaktree-strategic-income-ocsi-downgraded-by-thestreet.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.

What are top analysts saying about Oaktree Strategic Income Co.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Oaktree Strategic Income Co. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit