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.
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.
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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