According to Zacks, “Oaktree Strategic Income Corporation is a specialty finance company dedicated to providing customized capital solutions to middle-market companies. The firm seeks to generate stable, current income by providing innovative first-lien financing solutions to companies across a wide variety of industries. The company is regulated as a business development company, or a BDC, under the Investment Company Act of 1940, as amended. Oaktree Strategic Income is managed by Oaktree Capital Management, L.P. “
Separately, TheStreet lowered shares of Oaktree Strategic Income from a b- rating to a c rating in a research note on Wednesday, December 11th.
OCSI stock opened at $8.40 on Tuesday. Oaktree Strategic Income has a twelve month low of $7.54 and a twelve month high of $8.81. The stock has a market capitalization of $246.64 million, a price-to-earnings ratio of 9.44 and a beta of 0.55. The firm’s fifty day simple moving average is $8.29 and its two-hundred day simple moving average is $8.23.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.02). Oaktree Strategic Income had a net margin of 52.65% and a return on equity of 7.35%. The firm had revenue of $11.60 million for the quarter, compared to the consensus estimate of $12.19 million. Equities research analysts forecast that Oaktree Strategic Income will post 0.67 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a dividend of $0.155 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Thursday, March 12th. Oaktree Strategic Income’s dividend payout ratio is currently 86.11%.
In related news, major shareholder Leonard M. Tannenbaum sold 6,087 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $8.35, for a total value of $50,826.45. Following the completion of the sale, the insider now directly owns 5,080,543 shares of the company’s stock, valued at $42,422,534.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Armen Panossian acquired 6,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average cost of $8.25 per share, with a total value of $49,500.00. Following the completion of the purchase, the chief executive officer now owns 6,000 shares of the company’s stock, valued at $49,500. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 11,000 shares of company stock valued at $90,720 and have sold 29,789 shares valued at $226,586. 0.65% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in OCSI. Morgan Stanley grew its position in Oaktree Strategic Income by 1.3% in the 2nd quarter. Morgan Stanley now owns 325,975 shares of the company’s stock valued at $2,768,000 after acquiring an additional 4,110 shares in the last quarter. Royal Bank of Canada grew its position in Oaktree Strategic Income by 513.1% in the 2nd quarter. Royal Bank of Canada now owns 7,461 shares of the company’s stock valued at $63,000 after acquiring an additional 6,244 shares in the last quarter. Lindbrook Capital LLC grew its position in Oaktree Strategic Income by 95.5% in the 3rd quarter. Lindbrook Capital LLC now owns 496,493 shares of the company’s stock valued at $4,096,000 after acquiring an additional 242,490 shares in the last quarter. California Public Employees Retirement System grew its position in Oaktree Strategic Income by 5.8% in the 3rd quarter. California Public Employees Retirement System now owns 65,400 shares of the company’s stock valued at $540,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Royce & Associates LP acquired a new position in Oaktree Strategic Income in the 4th quarter valued at about $296,000. 33.97% of the stock is owned by institutional investors.
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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