Insider Buying: Oaktree Strategic Income Co. (OCSI) Director Purchases 8,350 Shares of Stock
Oaktree Strategic Income Co. (NASDAQ:OCSI) Director Richard Ruben purchased 8,350 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were bought at an average price of $8.40 per share, for a total transaction of $70,140.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Oaktree Strategic Income Co. (NASDAQ OCSI) traded up $0.03 during trading hours on Thursday, hitting $8.32. 93,842 shares of the stock were exchanged, compared to its average volume of 164,958. The firm has a market capitalization of $243.69, a price-to-earnings ratio of 10.88 and a beta of 0.31. Oaktree Strategic Income Co. has a 1 year low of $7.03 and a 1 year high of $10.37. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.29 and a quick ratio of 0.29.
A number of research firms have recently weighed in 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. Maxim Group reiterated a “hold” rating on shares of Oaktree Strategic Income in a research note on Thursday, August 10th. Finally, TheStreet lowered shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Oaktree Strategic Income has a consensus 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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