Greenwich Investment Management Inc. purchased a new stake in Oaktree Strategic Income Co. (NASDAQ:OCSI) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 310,631 shares of the company’s stock, valued at approximately $2,609,000. Oaktree Strategic Income makes up approximately 3.7% of Greenwich Investment Management Inc.’s investment portfolio, making the stock its 10th largest holding. Greenwich Investment Management Inc. owned about 1.05% of Oaktree Strategic Income as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Two Sigma Securities LLC purchased a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at approximately $119,000. Guggenheim Capital LLC acquired a new position in shares of Oaktree Strategic Income in the fourth quarter worth about $152,000. Mariner Investment Group LLC acquired a new position in shares of Oaktree Strategic Income in the fourth quarter worth about $170,000. Spark Investment Management LLC acquired a new position in shares of Oaktree Strategic Income in the fourth quarter worth about $204,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Oaktree Strategic Income in the fourth quarter worth about $257,000. 26.92% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports 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 lowered Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.50.
Oaktree Strategic Income Co. (OCSI) opened at $7.85 on Tuesday. Oaktree Strategic Income Co. has a fifty-two week low of $7.03 and a fifty-two week high of $9.20. The stock has a market capitalization of $232.20, a P/E ratio of -29.07 and a beta of 0.29. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.47 and a quick ratio of 0.47.
Oaktree Strategic Income (NASDAQ:OCSI) last issued its quarterly earnings results on Friday, February 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The firm had revenue of $10.73 million for the quarter. Oaktree Strategic Income had a negative net margin of 16.64% and a positive return on equity of 6.93%. analysts anticipate that Oaktree Strategic Income Co. will post 0.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 7.13%. The ex-dividend date is Wednesday, March 14th. Oaktree Strategic Income’s payout ratio is -281.47%.
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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