Equities research analysts predict that Oaktree Strategic Income Co. (NASDAQ:OCSI) will announce $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings per share of $0.17 during the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The firm is scheduled to report its next quarterly earnings results before the market opens on Wednesday, August 7th.
On average, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.69 per share for the current financial year. For the next financial year, analysts forecast that the business will post earnings of $0.74 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. Oaktree Strategic Income had a return on equity of 7.19% and a net margin of 21.10%. The business had revenue of $12.48 million for the quarter.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 5,856 shares of Oaktree Strategic Income stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $8.64, for a total transaction of $50,595.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Leonard M. Tannenbaum sold 3,218 shares of Oaktree Strategic Income stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $8.64, for a total value of $27,803.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,069 shares of company stock worth $455,066. Corporate insiders own 0.56% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Deutsche Bank AG acquired a new stake in shares of Oaktree Strategic Income in the 4th quarter valued at about $156,000. Two Sigma Securities LLC acquired a new stake in shares of Oaktree Strategic Income in the 4th quarter valued at about $161,000. Arcadia Investment Management Corp MI raised its stake in shares of Oaktree Strategic Income by 100.0% in the 1st quarter. Arcadia Investment Management Corp MI now owns 20,000 shares of the company’s stock valued at $162,000 after purchasing an additional 10,000 shares during the period. Standard Life Aberdeen plc raised its stake in shares of Oaktree Strategic Income by 106.4% in the 4th quarter. Standard Life Aberdeen plc now owns 97,000 shares of the company’s stock valued at $760,000 after purchasing an additional 50,000 shares during the period. Finally, LPL Financial LLC raised its stake in shares of Oaktree Strategic Income by 5.0% in the 4th quarter. LPL Financial LLC now owns 106,423 shares of the company’s stock valued at $825,000 after purchasing an additional 5,068 shares during the period. Hedge funds and other institutional investors own 31.18% of the company’s stock.
Shares of NASDAQ:OCSI traded down $0.03 during midday trading on Tuesday, hitting $8.21. The company had a trading volume of 60,138 shares, compared to its average volume of 28,912. Oaktree Strategic Income has a 12 month low of $7.52 and a 12 month high of $8.87. The company has a market cap of $241.92 million, a PE ratio of 11.56 and a beta of 0.48. The business has a fifty day moving average of $8.42.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a dividend of $0.155 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.62 annualized dividend and a yield of 7.55%. Oaktree Strategic Income’s dividend payout ratio is presently 92.54%.
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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