News coverage about Oaktree Strategic Income (NASDAQ:OCSI) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Oaktree Strategic Income earned a daily sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the company an impact score of 47.9662456831477 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
OCSI has been the subject of several research analyst reports. ValuEngine lowered Oaktree Strategic Income from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research upgraded Oaktree Strategic Income from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th.
Shares of OCSI stock traded down $0.02 during trading hours on Friday, reaching $8.41. The company had a trading volume of 18,084 shares, compared to its average volume of 40,223. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.34 and a current ratio of 0.34. Oaktree Strategic Income has a twelve month low of $7.03 and a twelve month high of $9.06. The firm has a market cap of $247.82 million, a P/E ratio of 12.01 and a beta of 0.25.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its earnings results on Tuesday, May 8th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. Oaktree Strategic Income had a positive return on equity of 6.91% and a negative net margin of 8.28%. The business had revenue of $10.56 million during the quarter. equities research analysts predict that Oaktree Strategic Income will post 0.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Shareholders of record on Friday, June 15th were paid a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Thursday, June 14th. This is a positive change from Oaktree Strategic Income’s previous quarterly dividend of $0.14. Oaktree Strategic Income’s dividend payout ratio (DPR) is 76.32%.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 4,444 shares of the firm’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $8.50, for a total transaction of $37,774.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 9,587 shares of the firm’s stock in a transaction that occurred on Thursday, July 19th. The shares were sold at an average price of $8.54, for a total value of $81,872.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,832 shares of company stock valued at $202,955. 0.41% of the stock is owned by insiders.
About Oaktree Strategic Income
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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