Steelhead Partners LLC purchased a new stake in Oaktree Strategic Income Co. (NASDAQ:OCSI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 226,519 shares of the company’s stock, valued at approximately $1,903,000. Steelhead Partners LLC owned about 0.77% of Oaktree Strategic Income as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in OCSI. Two Sigma Securities LLC bought a new stake in Oaktree Strategic Income during the 4th quarter worth about $119,000. Guggenheim Capital LLC bought a new stake in Oaktree Strategic Income during the 4th quarter worth about $152,000. Mariner Investment Group LLC bought a new stake in Oaktree Strategic Income during the 4th quarter worth about $170,000. Spark Investment Management LLC bought a new stake in Oaktree Strategic Income during the 4th quarter worth about $204,000. Finally, Two Sigma Advisers LP bought a new stake in Oaktree Strategic Income during the 4th quarter worth about $257,000. 26.92% of the stock is owned by institutional investors and hedge funds.
Several analysts have weighed in on the company. Zacks Investment Research raised Oaktree Strategic Income from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. TheStreet cut Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.50.
Shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) opened at $7.88 on Monday. The firm has a market capitalization of $232.20, a PE ratio of -29.18 and a beta of 0.29. Oaktree Strategic Income Co. has a twelve month low of $7.03 and a twelve month high of $9.20. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings data on Friday, February 9th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $10.73 million for the quarter. Oaktree Strategic Income had a positive return on equity of 6.93% and a negative net margin of 16.64%. equities analysts anticipate that Oaktree Strategic Income Co. will post 0.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.56 annualized dividend and a dividend yield of 7.11%. Oaktree Strategic Income’s payout ratio is currently -281.47%.
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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