Wall Street analysts expect that Oaktree Strategic Income Co. (NASDAQ:OCSI) will report $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings of $0.19 per share in the same quarter last year, which would indicate a negative year over year growth rate of 10.5%. The firm is scheduled to issue its next earnings results before the market opens on Thursday, November 29th.
On average, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.66 per share for the current fiscal year. For the next fiscal year, analysts expect that the business will report earnings of $0.69 per share. Zacks’ EPS averages are an average based on a survey of analysts that follow Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $11.66 million during the quarter. Oaktree Strategic Income had a positive return on equity of 6.75% and a negative net margin of 4.80%.
Separately, Zacks Investment Research upgraded Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Wednesday, August 15th.
In related news, Director Richard W. Cohen bought 3,799 shares of the business’s stock in a transaction on Friday, September 14th. The stock was acquired at an average price of $8.46 per share, for a total transaction of $32,139.54. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 5,155 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $8.50, for a total value of $43,817.50. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 15,149 shares of company stock valued at $130,088 and sold 250,985 shares valued at $2,178,825. 0.41% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ramsey Quantitative Systems boosted its stake in Oaktree Strategic Income by 81.6% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,331 shares of the company’s stock worth $176,000 after purchasing an additional 9,138 shares during the period. Millennium Management LLC boosted its stake in Oaktree Strategic Income by 46.0% in the 1st quarter. Millennium Management LLC now owns 23,126 shares of the company’s stock worth $182,000 after purchasing an additional 7,281 shares during the period. Lourd Capital LLC boosted its stake in Oaktree Strategic Income by 64.2% in the 2nd quarter. Lourd Capital LLC now owns 49,264 shares of the company’s stock worth $419,000 after purchasing an additional 19,264 shares during the period. BB&T Securities LLC boosted its stake 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 worth $657,000 after purchasing an additional 65,800 shares during the period. Finally, Private Management Group Inc. boosted its stake 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 worth $3,466,000 after purchasing an additional 93,352 shares during the period. Institutional investors and hedge funds own 28.96% of the company’s stock.
Shares of OCSI stock traded down $0.04 on Friday, hitting $8.44. 16,900 shares of the stock were exchanged, compared to its average volume of 62,397. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market capitalization of $251.06 million, a price-to-earnings ratio of 11.11 and a beta of 0.26. Oaktree Strategic Income has a one year low of $7.44 and a one year high of $9.06.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Saturday, September 15th were paid a $0.155 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.62 annualized dividend and a yield of 7.35%. This is an increase from Oaktree Strategic Income’s previous quarterly dividend of $0.15. Oaktree Strategic Income’s dividend payout ratio (DPR) is currently 81.58%.
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.
Featured Story: Fundamental Analysis – How It Helps Investors
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.