Oaktree Strategic Income (OCSI) Announces Quarterly Earnings Results

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

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

In other news, Director Richard W. Cohen purchased 3,799 shares of Oaktree Strategic Income stock in a transaction that occurred on Friday, September 14th. The stock was bought at an average price of $8.46 per share, with a total value of $32,139.54. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Leonard M. Tannenbaum sold 29,500 shares of the firm’s stock in a transaction that occurred 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 ninety days, insiders have acquired 9,899 shares of company stock valued at $84,496 and have sold 126,330 shares valued at $1,091,409. 0.41% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC bought a new stake in shares of Oaktree Strategic Income during the third quarter valued at approximately $877,000. JPMorgan Chase & Co. increased its position in shares of Oaktree Strategic Income by 37.5% during the third quarter. JPMorgan Chase & Co. now owns 393,549 shares of the company’s stock valued at $3,404,000 after acquiring an additional 107,375 shares in the last quarter. Standard Life Aberdeen plc bought a new stake in shares of Oaktree Strategic Income during the third quarter valued at approximately $407,000. Acadian Asset Management LLC increased its position in shares of Oaktree Strategic Income by 361.4% during the third quarter. Acadian Asset Management LLC now owns 74,016 shares of the company’s stock valued at $640,000 after acquiring an additional 57,975 shares in the last quarter. Finally, TCW Group Inc. bought a new stake in shares of Oaktree Strategic Income during the third quarter valued at approximately $627,000. 30.19% of the stock is owned by institutional investors.

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

COPYRIGHT VIOLATION NOTICE: This article was first posted by WKRB News and is the sole property of of WKRB News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/30/oaktree-strategic-income-ocsi-announces-quarterly-earnings-results.html.

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.

Featured Story: Moving Average – How it Helps Investors in Stock Selection

Earnings History for Oaktree Strategic Income (NASDAQ:OCSI)

Receive News & Ratings for Oaktree Strategic Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Strategic Income and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply