Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 4,562 shares of Oaktree Strategic Income stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $8.62, for a total transaction of $39,324.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
OCSI stock opened at $8.53 on Friday. The company has a market cap of $254.89 million, a PE ratio of 11.22 and a beta of 0.26. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 0.24. Oaktree Strategic Income Co. has a one year low of $7.03 and a one year high of $9.06.
Oaktree Strategic Income (NASDAQ:OCSI) last released its quarterly earnings results on Wednesday, August 8th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm had revenue of $11.66 million for the quarter. Oaktree Strategic Income had a negative net margin of 4.80% and a positive return on equity of 6.75%. Analysts forecast that Oaktree Strategic Income Co. will post 0.66 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Saturday, September 15th were issued a $0.155 dividend. This represents a $0.62 annualized dividend and a yield of 7.27%. The ex-dividend date was Thursday, September 13th. This is an increase from Oaktree Strategic Income’s previous quarterly dividend of $0.15. Oaktree Strategic Income’s dividend payout ratio (DPR) is 81.58%.
A number of institutional investors have recently bought and sold shares of OCSI. Millennium Management LLC increased its holdings in Oaktree Strategic Income by 46.0% in the 1st quarter. Millennium Management LLC now owns 23,126 shares of the company’s stock valued at $182,000 after purchasing an additional 7,281 shares during the last quarter. Lourd Capital LLC increased its holdings in Oaktree Strategic Income by 64.2% in the 2nd quarter. Lourd Capital LLC now owns 49,264 shares of the company’s stock valued at $419,000 after purchasing an additional 19,264 shares during the last quarter. BB&T Securities LLC increased its holdings in Oaktree Strategic Income by 376.0% in the 1st quarter. BB&T Securities LLC now owns 83,300 shares of the company’s stock valued at $657,000 after purchasing an additional 65,800 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Oaktree Strategic Income by 16.9% in the 1st quarter. Wells Fargo & Company MN now owns 419,637 shares of the company’s stock valued at $3,311,000 after purchasing an additional 60,803 shares during the last quarter. Finally, Private Management Group Inc. increased its holdings in Oaktree Strategic Income by 29.7% in the 2nd quarter. Private Management Group Inc. now owns 407,723 shares of the company’s stock valued at $3,466,000 after purchasing an additional 93,352 shares during the last quarter. Hedge funds and other institutional investors own 28.84% of the company’s stock.
Separately, Zacks Investment Research raised shares of Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, August 15th.
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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