Analysts expect Oaktree Strategic Income Co. (NASDAQ:OCSI) to post $0.17 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings of $0.19 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 10.5%. The firm is expected to report its next quarterly earnings results on Friday, December 7th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.61 per share for the current year. For the next financial year, analysts expect that the company will report earnings of $0.66 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last released its earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, topping the Zacks’ 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%.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 4,584 shares of the company’s stock in a transaction dated Wednesday, May 16th. The shares were sold at an average price of $8.50, for a total transaction of $38,964.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Leonard M. Tannenbaum sold 5,155 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $8.50, for a total transaction of $43,817.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,987 shares of company stock worth $246,773. 0.41% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of OCSI. Wells Fargo & Company MN bought a new position in Oaktree Strategic Income during the 4th quarter valued at about $3,014,000. Guggenheim Capital LLC bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth approximately $152,000. Two Sigma Advisers LP bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth approximately $257,000. Two Sigma Investments LP bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth approximately $688,000. Finally, Millennium Management LLC bought a new position in shares of Oaktree Strategic Income in the 4th quarter worth approximately $133,000. Institutional investors and hedge funds own 27.91% of the company’s stock.
Shares of NASDAQ:OCSI traded up $0.16 during midday trading on Friday, reaching $8.75. The company’s stock had a trading volume of 38,529 shares, compared to its average volume of 45,057. The company has a market capitalization of $253.12 million, a PE ratio of 11.51 and a beta of 0.25. Oaktree Strategic Income has a 12-month low of $7.03 and a 12-month high of $9.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.24 and a quick ratio of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Saturday, September 15th will be paid a $0.155 dividend. This is a boost from Oaktree Strategic Income’s previous quarterly dividend of $0.15. The ex-dividend date is Thursday, September 13th. This represents a $0.62 dividend on an annualized basis and a yield of 7.09%. Oaktree Strategic Income’s payout ratio is presently 76.32%.
About Oaktree Strategic Income
Oaktree Strategic Income Corporation, formerly Fifth Street Senior Floating Rate Corp., is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.
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