Oaktree Strategic Income Co. (OCSI) Major Shareholder Oaktree Capital Management Lp Buys 57,600 Shares
Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Oaktree Capital Management Lp acquired 57,600 shares of Oaktree Strategic Income stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of $8.57 per share, for a total transaction of $493,632.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Oaktree Strategic Income Co. (NASDAQ:OCSI) remained flat at $$8.51 during trading hours on Friday. 113,346 shares of the company’s stock traded hands, compared to its average volume of 119,771. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.29 and a current ratio of 0.34. Oaktree Strategic Income Co. has a 12-month low of $7.03 and a 12-month high of $10.37. The company has a market capitalization of $250.76, a P/E ratio of 11.20 and a beta of 0.31.
A number of research firms have recently commented on OCSI. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research note on Monday, October 16th. TheStreet lowered shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.50.
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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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