National Asset Management Inc. decreased its holdings in shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) by 11.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,631 shares of the company’s stock after selling 3,485 shares during the period. National Asset Management Inc. owned approximately 0.09% of Oaktree Strategic Income worth $216,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC raised its holdings in Oaktree Strategic Income by 5.0% during the fourth quarter. LPL Financial LLC now owns 106,423 shares of the company’s stock worth $825,000 after buying an additional 5,068 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Oaktree Strategic Income by 12.7% during the fourth quarter. Acadian Asset Management LLC now owns 83,403 shares of the company’s stock worth $646,000 after buying an additional 9,387 shares during the last quarter. Arcadia Investment Management Corp MI raised its holdings in Oaktree Strategic Income by 100.0% during the first quarter. Arcadia Investment Management Corp MI now owns 20,000 shares of the company’s stock worth $162,000 after buying an additional 10,000 shares during the last quarter. Lindbrook Capital LLC acquired a new position in Oaktree Strategic Income during the fourth quarter worth $147,000. Finally, Deutsche Bank AG acquired a new position in Oaktree Strategic Income during the fourth quarter worth $156,000. Hedge funds and other institutional investors own 31.18% of the company’s stock.
In related news, major shareholder Leonard M. Tannenbaum sold 12,845 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $8.51, for a total transaction of $109,310.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 18,200 shares of the firm’s stock in a transaction dated 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. Insiders have sold 53,069 shares of company stock valued at $455,066 in the last 90 days. 0.56% of the stock is currently owned by corporate insiders.
Oaktree Strategic Income (NASDAQ:OCSI) last announced 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. The company had revenue of $12.48 million during the quarter. Oaktree Strategic Income had a net margin of 21.10% and a return on equity of 7.19%. As a group, sell-side analysts expect that Oaktree Strategic Income Co. will post 0.69 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.155 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.62 annualized dividend and a dividend yield of 7.35%. Oaktree Strategic Income’s dividend payout ratio is currently 92.54%.
Several analysts have recently commented on OCSI shares. Zacks Investment Research upgraded shares of Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a report on Tuesday, May 14th. TheStreet downgraded shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Monday, March 4th.
COPYRIGHT VIOLATION NOTICE: “Oaktree Strategic Income Co. (NASDAQ:OCSI) Position Trimmed by National Asset Management Inc.” was first published by Rockland Register and is owned by of Rockland Register. If you are viewing this news story on another domain, it was illegally stolen and reposted in violation of international trademark and copyright legislation. The original version of this news story can be read at https://rocklandregister.com/2019/06/13/oaktree-strategic-income-co-ocsi-shares-sold-by-national-asset-management-inc.html.
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.
Receive News & Ratings for Oaktree Strategic Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Strategic Income and related companies with MarketBeat.com's FREE daily email newsletter.