Oaktree Strategic Income (NASDAQ:OCSI) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Oaktree Strategic Income (NASDAQ:OCSI) issued its earnings results on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.01, MarketWatch Earnings reports. Oaktree Strategic Income had a net margin of 21.10% and a return on equity of 7.19%. The company had revenue of $12.48 million for the quarter.

Shares of OCSI stock opened at $8.61 on Friday. The stock has a market capitalization of $247.23 million, a PE ratio of 11.82 and a beta of 0.54. Oaktree Strategic Income has a one year low of $7.52 and a one year high of $8.87.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.62 dividend on an annualized basis and a yield of 7.20%. Oaktree Strategic Income’s payout ratio is presently 92.54%.

In other news, major shareholder Leonard M. Tannenbaum sold 12,845 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $8.51, for a total transaction of $109,310.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Leonard M. Tannenbaum sold 18,200 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $8.63, for a total transaction of $157,066.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,069 shares of company stock valued at $455,066. 0.56% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OCSI. JPMorgan Chase & Co. lifted its stake in Oaktree Strategic Income by 37.5% in the third quarter. JPMorgan Chase & Co. now owns 393,549 shares of the company’s stock valued at $3,404,000 after acquiring an additional 107,375 shares during the last quarter. LPL Financial LLC acquired a new stake in Oaktree Strategic Income in the third quarter valued at approximately $877,000. Arcadia Investment Management Corp MI acquired a new stake in Oaktree Strategic Income in the fourth quarter valued at approximately $78,000. Private Management Group Inc. lifted its stake in Oaktree Strategic Income by 97.1% in the fourth quarter. Private Management Group Inc. now owns 938,404 shares of the company’s stock valued at $7,273,000 after acquiring an additional 462,314 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC acquired a new stake in Oaktree Strategic Income in the fourth quarter valued at approximately $231,000. 31.18% of the stock is owned by institutional investors.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Tuesday, May 14th. TheStreet downgraded shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a research report on Monday, March 4th.

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About Oaktree Strategic Income

Fifth Street Senior Floating Rate Corp. is a business development company specializing in providing financing solutions in the form of floating rate senior secured loans to mid-sized companies.

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Earnings History for Oaktree Strategic Income (NASDAQ:OCSI)

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