Oaktree Strategic Income Stock Forecast, Price & News

Oaktree Strategic Income's stock was trading at $7.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, OCSI stock has decreased by 12.9% and is now trading at $6.53.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Oaktree Strategic Income in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."
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Oaktree Strategic Income is scheduled to release its next quarterly earnings announcement on Wednesday, November 18th 2020.
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Oaktree Strategic Income Co. (NASDAQ:OCSI) posted its quarterly earnings results on Monday, August, 10th. The company reported $0.11 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.12 by $0.01. The firm earned $8.64 million during the quarter, compared to analysts' expectations of $10.50 million. Oaktree Strategic Income had a positive return on equity of 6.82% and a negative net margin of 44.37%.
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Oaktree Strategic Income announced a quarterly dividend on Tuesday, August 11th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.125 per share on Wednesday, September 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date is Monday, September 14th.
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1 brokers have issued 1-year target prices for Oaktree Strategic Income's shares. Their forecasts range from $7.00 to $7.00. On average, they anticipate Oaktree Strategic Income's stock price to reach $7.00 in the next year. This suggests a possible upside of 7.2% from the stock's current price.
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Oaktree Strategic Income saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 65,300 shares, an increase of 44.2% from the August 31st total of 45,300 shares. Based on an average trading volume of 46,000 shares, the days-to-cover ratio is currently 1.4 days.
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Some companies that are related to Oaktree Strategic Income include Triplepoint Venture Growth BDC (TPVG), Pennantpark Floating Rate Capital (PFLT), Gladstone Investment (GAIN), Capital Southwest (CSWC), PennantPark Investment (PNNT), Stellus Capital Investment (SCM), Allied Minds (ALLWF), Safeguard Scientifics (SFE), THL Credit (TCRD), THL Credit (FCRD), Elron Electronic Industries (ELRNF), Garrison Capital (GARS), OFS Capital (OFS), 180 Degree Capital (TURN) and Portman Ridge Finance (PTMN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Oaktree Strategic Income investors own include Energy Transfer LP Unit (ET), Medley Capital (MCC), NGL Energy Partners (NGL), THL Credit (TCRD), Martin Midstream Partners (MMLP), SandRidge Permian Trust (PER), Triplepoint Venture Growth BDC (TPVG), Arlington Asset Investment (AI), Garrison Capital (GARS) and Prospect Capital (PSEC).

Oaktree Strategic Income trades on the NASDAQ under the ticker symbol "OCSI."

Oaktree Strategic Income's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Lindbrook Capital LLC (4.41%), West Family Investments Inc. (0.96%), CLARET ASSET MANAGEMENT Corp (0.88%), UBS Group AG (0.73%), Advisors Asset Management Inc. (0.52%) and TCW Group Inc. (0.42%). Company insiders that own Oaktree Strategic Income stock include Armen Panossian, Craig A Jacobson, Deborah Ann Gero, Leonard M Tannenbaum, Mathew Pendo, Melvin Carlisle, Paul E Hodges III, Richard Ruben and Richard W Cohen.
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OCSI stock was sold by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Virtus ETF Advisers LLC, UBS Group AG, HighTower Advisors LLC, Partnervest Advisory Services LLC, Shelton Capital Management, Commonwealth Equity Services LLC, and Scotia Capital Inc.. Company insiders that have sold Oaktree Strategic Income company stock in the last year include Leonard M Tannenbaum, and Paul E Hodges III.
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OCSI stock was bought by a variety of institutional investors in the last quarter, including CLARET ASSET MANAGEMENT Corp, TCW Group Inc., Advisors Asset Management Inc., Blue Zone Wealth Advisors LLC, Gratia Capital LLC, Lindbrook Capital LLC, and California Public Employees Retirement System. Company insiders that have bought Oaktree Strategic Income stock in the last two years include Armen Panossian, Craig A Jacobson, Deborah Ann Gero, Mathew Pendo, Melvin Carlisle, Richard Ruben, and Richard W Cohen.
View insider buying and selling activity for Oaktree Strategic Income.

Shares of OCSI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of OCSI stock can currently be purchased for approximately $6.53.

Oaktree Strategic Income has a market capitalization of $192.42 million and generates $49.63 million in revenue each year. The company earns $6.97 million in net income (profit) each year or $0.72 on an earnings per share basis.

The official website for Oaktree Strategic Income is www.oaktreestrategicincome.com.

Oaktree Strategic Income's mailing address is 333 SOUTH GRAND AVENUE 28TH FLOOR, LOS ANGELES CA, 90071. The company can be reached via phone at 213-830-6300 or via email at [email protected]