Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 12,845 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was 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 SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Oaktree Strategic Income stock opened at $8.53 on Thursday. Oaktree Strategic Income Co. has a 12-month low of $7.52 and a 12-month high of $8.87. The firm has a market capitalization of $248.99 million, a PE ratio of 12.73 and a beta of 0.54.
Oaktree Strategic Income (NASDAQ:OCSI) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm 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%. Sell-side analysts expect that Oaktree Strategic Income Co. will post 0.69 earnings per share for the current year.
The company also recently disclosed 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 7.27%. Oaktree Strategic Income’s payout ratio is currently 92.54%.
Institutional investors have recently made changes to their positions in the business. Lindbrook Capital LLC purchased a new position in Oaktree Strategic Income during the 4th quarter worth $147,000. Deutsche Bank AG acquired a new stake in Oaktree Strategic Income in the 4th quarter valued at about $156,000. Two Sigma Securities LLC acquired a new stake in Oaktree Strategic Income in the 4th quarter valued at about $161,000. Arcadia Investment Management Corp MI boosted its stake in shares of Oaktree Strategic Income by 100.0% during the 1st quarter. Arcadia Investment Management Corp MI now owns 20,000 shares of the company’s stock worth $162,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Oaktree Strategic Income during the 4th quarter worth about $231,000. Institutional investors own 34.05% of the company’s stock.
Several research analysts have commented on OCSI shares. TheStreet cut shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Monday, March 4th. Zacks Investment Research cut shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a report on Thursday, April 11th.
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Oaktree Strategic Income Company Profile
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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