Oaktree Strategic Income (OCSI) Cut to C at TheStreet
Oaktree Strategic Income (NASDAQ:OCSI) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a research note issued to investors on Friday.
OCSI has been the topic of several other reports. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Maxim Group reiterated a “hold” rating on shares of Oaktree Strategic Income in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $9.50.
Oaktree Strategic Income (NASDAQ OCSI) traded down $0.17 during mid-day trading on Friday, hitting $8.45. 122,800 shares of the stock traded hands, compared to its average volume of 165,308. The firm has a market capitalization of $254.00, a price-to-earnings ratio of 11.34 and a beta of 0.31. Oaktree Strategic Income has a twelve month low of $7.03 and a twelve month high of $10.37. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.57.
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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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