Oaktree Strategic Income Co. (OCSI) Director Bruce Zimmerman Acquires 6,000 Shares
Oaktree Strategic Income Co. (NASDAQ:OCSI) Director Bruce Zimmerman purchased 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $8.47 per share, for a total transaction of $50,820.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Oaktree Strategic Income Co. (NASDAQ OCSI) remained flat at $$8.51 during trading on Friday. 113,346 shares of the company traded hands, compared to its average volume of 164,085. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.34 and a quick ratio of 0.29. Oaktree Strategic Income Co. has a 1-year low of $7.03 and a 1-year high of $10.37. The stock has a market capitalization of $254.30, a PE ratio of 11.35 and a beta of 0.31.
A number of analysts recently weighed in on the company. TheStreet downgraded Oaktree Strategic Income from a “b-” rating to a “c” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Oaktree Strategic Income currently has an average rating of “Hold” and a consensus price target of $9.50.
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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