Media coverage about Oaktree Strategic Income (NASDAQ:OCSI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Oaktree Strategic Income earned a news impact score of 0.16 on Accern’s scale. Accern also gave news headlines about the company an impact score of 47.0042927775274 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s analysis:
- Oaktree Strategic Income posts 1Q profit (cnbc.com)
- Comparing PennantPark Investment (PNNT) and Oaktree Strategic Income (OCSI) (americanbankingnews.com)
- Oaktree Strategic Income (OCSI) Issues Earnings Results (americanbankingnews.com)
- Financial Comparison: Hercules Capital (HTGC) vs. Oaktree Strategic Income (OCSI) (americanbankingnews.com)
- Oaktree Strategic Income Corporation Announces First Fiscal Quarter 2018 Financial Results (finance.yahoo.com)
Shares of Oaktree Strategic Income (NASDAQ:OCSI) traded up $0.05 during trading on Monday, reaching $7.73. 345,900 shares of the company’s stock were exchanged, compared to its average volume of 81,090. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61. The stock has a market cap of $227.78, a P/E ratio of -28.63 and a beta of 0.26. Oaktree Strategic Income has a fifty-two week low of $7.03 and a fifty-two week high of $9.38.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend is Wednesday, March 14th. Oaktree Strategic Income’s payout ratio is currently -281.47%.
Several research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Oaktree Strategic Income from a “hold” rating to a “sell” rating in a research note on Wednesday, January 10th. TheStreet downgraded shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a research note on Friday, December 1st. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Oaktree Strategic Income currently has an average rating of “Hold” and a consensus target price of $9.50.
In other Oaktree Strategic Income news, major shareholder Oaktree Capital Management Lp bought 57,600 shares of Oaktree Strategic Income stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $8.57 per share, with a total value of $493,632.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Bruce Zimmerman bought 6,000 shares of Oaktree Strategic Income stock in a transaction dated Thursday, December 14th. The stock was acquired at an average cost of $8.47 per share, for a total transaction of $50,820.00. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 71,950 shares of company stock worth $614,592. Insiders own 0.35% of the company’s stock.
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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