Oaktree Strategic Income (NASDAQ:OCSI) Issues Earnings Results

Oaktree Strategic Income (NASDAQ:OCSI) announced its quarterly earnings data on Wednesday. The company reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.01), Bloomberg Earnings reports. Oaktree Strategic Income had a net margin of 23.60% and a return on equity of 7.52%.

Shares of NASDAQ:OCSI traded up $0.04 during trading on Thursday, hitting $8.11. 199,100 shares of the stock were exchanged, compared to its average volume of 45,707. The company has a fifty day moving average price of $8.13 and a two-hundred day moving average price of $8.29. The company has a market cap of $238.68 million, a PE ratio of 12.10 and a beta of 0.55. Oaktree Strategic Income has a 12-month low of $7.52 and a 12-month high of $8.81.

Separately, Zacks Investment Research lowered Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd.

In other news, major shareholder Leonard M. Tannenbaum sold 4,193 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.25, for a total transaction of $34,592.25. Also, major shareholder Leonard M. Tannenbaum sold 21,156 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $8.26, for a total value of $174,748.56. 0.55% of the stock is owned by insiders.

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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