Oaktree Strategic Income (OCSI) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Oaktree Strategic Income (NASDAQ:OCSI) issued its quarterly earnings results on Thursday. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.02, Bloomberg Earnings reports. The business had revenue of $14.72 million for the quarter. Oaktree Strategic Income had a negative net margin of 4.80% and a positive return on equity of 6.75%.

OCSI opened at $8.48 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.24 and a current ratio of 0.24. Oaktree Strategic Income has a fifty-two week low of $7.44 and a fifty-two week high of $8.87. The firm has a market cap of $246.05 million, a P/E ratio of 11.16 and a beta of 0.32.

Separately, Zacks Investment Research upgraded shares of Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research note on Wednesday, August 15th.



In related news, major shareholder Leonard M. Tannenbaum sold 17,957 shares of Oaktree Strategic Income stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $8.63, for a total transaction of $154,968.91. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 29,500 shares of Oaktree Strategic Income stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $8.66, for a total transaction of $255,470.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 9,899 shares of company stock worth $84,496 and have sold 126,330 shares worth $1,091,409. 0.41% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in OCSI. Greenwich Investment Management Inc. lifted its stake in shares of Oaktree Strategic Income by 80.5% during the 2nd quarter. Greenwich Investment Management Inc. now owns 570,607 shares of the company’s stock valued at $4,850,000 after buying an additional 254,503 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Oaktree Strategic Income by 37.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 393,549 shares of the company’s stock valued at $3,404,000 after buying an additional 107,375 shares in the last quarter. LPL Financial LLC purchased a new position in shares of Oaktree Strategic Income during the 3rd quarter valued at $877,000. Private Management Group Inc. lifted its stake in shares of Oaktree Strategic Income by 29.7% during the 2nd quarter. Private Management Group Inc. now owns 407,723 shares of the company’s stock valued at $3,466,000 after buying an additional 93,352 shares in the last quarter. Finally, TCW Group Inc. purchased a new stake in Oaktree Strategic Income in the 3rd quarter worth $627,000. Institutional investors own 30.19% of the company’s stock.

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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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Earnings History for Oaktree Strategic Income (NASDAQ:OCSI)

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