Oaktree Strategic Income Co. (OCSI) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) have received an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus price target of $9.25 for the company, according to Zacks. Zacks has also given Oaktree Strategic Income an industry rank of 212 out of 265 based on the ratings given to related companies.
Several research firms recently commented on OCSI. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Maxim Group reaffirmed a “hold” rating on shares of Oaktree Strategic Income in a report on Thursday, August 10th.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 22,800 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $9.01, for a total transaction of $205,428.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Bernard D. Berman sold 7,473 shares of the 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. In the last ninety days, insiders have sold 62,433 shares of company stock worth $560,881. 0.43% 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oaktree Strategic Income Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Strategic Income Co. and related companies with MarketBeat.com's FREE daily email newsletter.