Leonard M. Tannenbaum Sells 10,750 Shares of Oaktree Strategic Income Co. (OCSI) Stock

Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 10,750 shares of the business’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $8.52, for a total value of $91,590.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

OCSI opened at $8.41 on Wednesday. Oaktree Strategic Income Co. has a one year low of $7.52 and a one year high of $8.87. The firm has a market capitalization of $247.82 million, a PE ratio of 12.55 and a beta of 0.54.

Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. Oaktree Strategic Income had a return on equity of 7.19% and a net margin of 21.10%. The company had revenue of $12.48 million for the quarter. On average, research analysts forecast that Oaktree Strategic Income Co. will post 0.68 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be paid a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Thursday, June 13th. Oaktree Strategic Income’s dividend payout ratio is presently 92.54%.

OCSI has been the topic of a number of research reports. TheStreet downgraded Oaktree Strategic Income from a “b-” rating to a “c” rating in a research note on Monday, March 4th. Zacks Investment Research raised Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.25 price objective on the stock in a research note on Tuesday, February 12th.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kennedy Capital Management Inc. raised its stake in shares of Oaktree Strategic Income by 79.5% in the 1st quarter. Kennedy Capital Management Inc. now owns 973,625 shares of the company’s stock worth $7,886,000 after buying an additional 431,354 shares in the last quarter. Private Management Group Inc. raised its stake in shares of Oaktree Strategic Income by 2.0% in the 1st quarter. Private Management Group Inc. now owns 956,964 shares of the company’s stock worth $7,751,000 after buying an additional 18,560 shares in the last quarter. Relative Value Partners Group LLC raised its stake in shares of Oaktree Strategic Income by 19.6% in the 1st quarter. Relative Value Partners Group LLC now owns 522,906 shares of the company’s stock worth $4,236,000 after buying an additional 85,729 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Oaktree Strategic Income by 37.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 393,549 shares of the company’s stock worth $3,404,000 after buying an additional 107,375 shares in the last quarter. Finally, West Family Investments Inc. raised its stake in shares of Oaktree Strategic Income by 61.0% in the 4th quarter. West Family Investments Inc. now owns 257,529 shares of the company’s stock worth $1,996,000 after buying an additional 97,556 shares in the last quarter. 33.41% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece can be viewed at https://www.wkrb13.com/2019/05/15/leonard-m-tannenbaum-sells-10750-shares-of-oaktree-strategic-income-co-ocsi-stock.html.

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.

Further Reading: Rule of 72

Insider Buying and Selling by Quarter 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.