Brokerages Expect Oaktree Strategic Income Co. (NASDAQ:OCSI) to Post $0.18 EPS
Analysts expect Oaktree Strategic Income Co. (NASDAQ:OCSI) to report $0.18 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings per share of $0.17 during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The firm is expected to issue its next quarterly earnings report before the market opens on Wednesday, August 7th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.69 per share for the current financial year. For the next fiscal year, analysts expect that the business will report earnings of $0.74 per share. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last released its earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Oaktree Strategic Income had a net margin of 21.10% and a return on equity of 7.19%. The firm had revenue of $12.48 million for the quarter.
Shares of OCSI stock traded down $0.03 during trading hours on Tuesday, reaching $8.21. 60,138 shares of the stock were exchanged, compared to its average volume of 28,912. The stock has a fifty day moving average price of $8.42. Oaktree Strategic Income has a 12-month low of $7.52 and a 12-month high of $8.87. The stock has a market cap of $241.92 million, a price-to-earnings ratio of 11.56 and a beta of 0.48.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.155 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 7.55%. Oaktree Strategic Income’s payout ratio is 92.54%.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 3,218 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $8.64, for a total value of $27,803.52. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Leonard M. Tannenbaum sold 12,845 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $8.51, for a total transaction of $109,310.95. The disclosure for this sale can be found here. Insiders sold 53,069 shares of company stock worth $455,066 over the last quarter. 0.56% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in the business. Punch & Associates Investment Management Inc. lifted its position in Oaktree Strategic Income by 0.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 244,549 shares of the company’s stock valued at $1,981,000 after purchasing an additional 2,023 shares during the period. Relative Value Partners Group LLC lifted its position in Oaktree Strategic Income by 19.6% during the first quarter. Relative Value Partners Group LLC now owns 522,906 shares of the company’s stock valued at $4,236,000 after purchasing an additional 85,729 shares during the period. Kennedy Capital Management Inc. lifted its position in Oaktree Strategic Income by 79.5% during the first quarter. Kennedy Capital Management Inc. now owns 973,625 shares of the company’s stock valued at $7,886,000 after purchasing an additional 431,354 shares during the period. Private Management Group Inc. lifted its position in Oaktree Strategic Income by 2.0% during the first quarter. Private Management Group Inc. now owns 956,964 shares of the company’s stock valued at $7,751,000 after purchasing an additional 18,560 shares during the period. Finally, Acadian Asset Management LLC lifted its position in Oaktree Strategic Income by 44.9% during the first quarter. Acadian Asset Management LLC now owns 120,871 shares of the company’s stock valued at $980,000 after purchasing an additional 37,468 shares during the period. Institutional investors own 31.18% of the company’s stock.
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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