Equities analysts expect that Oaktree Strategic Income Co. (NASDAQ:OCSI) will report $0.17 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income posted earnings of $0.15 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 13.3%. The firm is expected to announce its next quarterly earnings report on Friday, February 8th.
On average, analysts expect that Oaktree Strategic Income will report full year earnings of $0.67 per share for the current year. For the next fiscal year, analysts expect that the business will post earnings of $0.68 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings results on Thursday, November 29th. The company reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. The firm had revenue of $14.72 million during the quarter. Oaktree Strategic Income had a return on equity of 6.75% and a net margin of 43.37%.
A number of analysts have recently issued reports on OCSI shares. TheStreet raised Oaktree Strategic Income from a “c” rating to a “b-” rating in a research report on Friday, December 14th. Zacks Investment Research cut Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th.
OCSI stock opened at $8.28 on Monday. The company has a market capitalization of $241.92 million, a price-to-earnings ratio of 12.36 and a beta of 0.41. Oaktree Strategic Income has a twelve month low of $7.44 and a twelve month high of $8.87.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Monday, December 17th were given a $0.155 dividend. The ex-dividend date was Friday, December 14th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 7.49%. Oaktree Strategic Income’s payout ratio is 92.54%.
In other Oaktree Strategic Income news, Director Richard W. Cohen acquired 10,300 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was bought at an average cost of $8.17 per share, with a total value of $84,151.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 7,185 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $8.52, for a total value of $61,216.20. The disclosure for this sale can be found here. Company insiders own 0.41% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in Oaktree Strategic Income by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 393,549 shares of the company’s stock worth $3,404,000 after purchasing an additional 107,375 shares during the last quarter. Private Management Group Inc. lifted its holdings in Oaktree Strategic Income by 29.7% during 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 last quarter. Ramsey Quantitative Systems lifted its holdings in Oaktree Strategic Income by 81.6% during 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 last quarter. LPL Financial LLC acquired a new stake in Oaktree Strategic Income during the 3rd quarter worth approximately $877,000. Finally, Acadian Asset Management LLC lifted its holdings in Oaktree Strategic Income by 361.4% during the 3rd quarter. Acadian Asset Management LLC now owns 74,016 shares of the company’s stock worth $640,000 after purchasing an additional 57,975 shares during the last quarter. 31.31% of the stock is owned by institutional investors and hedge funds.
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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