Equities research analysts expect that Oaktree Strategic Income (NASDAQ:OCSI) will announce earnings of $0.15 per share for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings per share of $0.17 in the same quarter last year, which would indicate a negative year over year growth rate of 11.8%. The company is expected to issue its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full year earnings of $0.62 per share for the current financial year. For the next financial year, analysts anticipate that the company will report earnings of $0.70 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its earnings results on Friday, February 9th. The company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The business had revenue of $10.73 million for the quarter. Oaktree Strategic Income had a positive return on equity of 6.93% and a negative net margin of 16.64%.
OCSI has been the topic of several analyst reports. ValuEngine raised shares of Oaktree Strategic Income from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 23rd. Zacks Investment Research raised shares of Oaktree Strategic Income from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Oaktree Strategic Income has an average rating of “Hold” and a consensus target price of $9.50.
In other Oaktree Strategic Income news, major shareholder Oaktree Capital Management Lp purchased 47,400 shares of the stock in a transaction dated Friday, February 23rd. The shares were bought at an average cost of $7.72 per share, with a total value of $365,928.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard Ruben purchased 5,000 shares of the stock in a transaction dated Wednesday, February 28th. The stock was acquired at an average cost of $7.86 per share, for a total transaction of $39,300.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 317,670 shares of company stock worth $2,462,607. 0.35% of the stock is currently owned by company insiders.
Several large investors have recently modified their holdings of OCSI. Muzinich & Co. Inc. acquired a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at about $8,266,000. Ares Management LLC acquired a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at about $7,872,000. Raymond James & Associates acquired a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at about $5,112,000. Wells Fargo & Company MN acquired a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at about $3,014,000. Finally, Greenwich Investment Management Inc. acquired a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at about $2,609,000. 26.92% of the stock is currently owned by institutional investors.
Oaktree Strategic Income stock opened at $7.92 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $236.03, a price-to-earnings ratio of 10.42 and a beta of 0.26. Oaktree Strategic Income has a one year low of $7.03 and a one year high of $9.09.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 7.07%. The ex-dividend date was Wednesday, March 14th. Oaktree Strategic Income’s dividend payout ratio is currently 73.68%.
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Oaktree Strategic Income Company Profile
Oaktree Strategic Income Corporation, formerly Fifth Street Senior Floating Rate Corp., is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.
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