Zacks: Analysts Set $9.00 Price Target for Oaktree Strategic Income Co. (OCSI)

Shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) have been assigned an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold rating.

Analysts have set a one year consensus target price of $9.00 for the company and are forecasting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Oaktree Strategic Income an industry rank of 221 out of 265 based on the ratings given to related companies.

A number of research analysts recently weighed in on OCSI shares. Zacks Investment Research raised Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Monday, September 25th. TheStreet downgraded Oaktree Strategic Income from a “b-” rating to a “c” rating in a research note on Friday, December 1st.

Oaktree Strategic Income (NASDAQ:OCSI) opened at $8.26 on Monday. Oaktree Strategic Income has a 52 week low of $7.03 and a 52 week high of $10.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.34. The firm has a market capitalization of $243.40, a P/E ratio of -27.53 and a beta of 0.30.

Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings results on Friday, December 1st. The company reported $0.19 earnings per share for the quarter. Oaktree Strategic Income had a positive return on equity of 7.20% and a negative net margin of 18.88%. analysts anticipate that Oaktree Strategic Income will post 0.76 earnings per share for the current year.

In related news, Director Bruce Zimmerman acquired 6,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of $8.47 per share, with a total value of $50,820.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 4,578 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $9.00, for a total value of $41,202.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 71,950 shares of company stock worth $614,592. 0.43% of the stock is owned by company insiders.

A hedge fund recently bought a new stake in Oaktree Strategic Income stock. Acadian Asset Management LLC acquired a new position in Oaktree Strategic Income Co. (NASDAQ:OCSI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 230,910 shares of the company’s stock, valued at approximately $1,939,000. Acadian Asset Management LLC owned about 0.78% of Oaktree Strategic Income as of its most recent SEC filing. Institutional investors and hedge funds own 0.74% of the company’s stock.

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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.

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