Zacks: Brokerages Anticipate Oaktree Strategic Income Co. (OCSI) Will Announce Earnings of $0.15 Per Share
Analysts predict that Oaktree Strategic Income Co. (NASDAQ:OCSI) will report earnings of $0.15 per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings of $0.20 per share during the same quarter last year, which suggests a negative year over year growth rate of 25%. The firm is scheduled to report its next earnings report on Wednesday, August 8th.
On average, analysts expect that Oaktree Strategic Income will report full year earnings of $0.61 per share for the current fiscal year. For the next financial year, analysts forecast that the business will post earnings of $0.66 per share. Zacks’ earnings per share calculations are an average based on a survey of research firms that that provide coverage for Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its earnings results on Tuesday, May 8th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $10.56 million for the quarter. Oaktree Strategic Income had a positive return on equity of 6.91% and a negative net margin of 8.28%.
Shares of NASDAQ:OCSI traded down $0.07 during mid-day trading on Friday, reaching $8.58. The stock had a trading volume of 2,140 shares, compared to its average volume of 38,261. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $253.41 million, a P/E ratio of 11.29 and a beta of 0.25. Oaktree Strategic Income has a 1 year low of $7.03 and a 1 year high of $9.06.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 4,444 shares of the business’s stock in a transaction that occurred on Thursday, May 24th. The stock was sold at an average price of $8.50, for a total transaction of $37,774.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Leonard M. Tannenbaum sold 9,587 shares of the business’s stock in a transaction that occurred on Thursday, July 19th. The stock was sold at an average price of $8.54, for a total value of $81,872.98. The disclosure for this sale can be found here. Insiders have sold 28,987 shares of company stock worth $246,773 over the last three months. 0.41% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of OCSI. Wells Fargo & Company MN bought a new stake in Oaktree Strategic Income during the fourth quarter worth approximately $3,014,000. Guggenheim Capital LLC bought a new stake in Oaktree Strategic Income during the fourth quarter worth approximately $152,000. Two Sigma Advisers LP bought a new stake in Oaktree Strategic Income during the fourth quarter worth approximately $257,000. Two Sigma Investments LP bought a new stake in Oaktree Strategic Income during the fourth quarter worth approximately $688,000. Finally, Millennium Management LLC bought a new stake in Oaktree Strategic Income during the fourth quarter worth approximately $133,000. 27.91% of the stock is currently owned by institutional investors.
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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