Equities analysts expect Oaktree Strategic Income (NASDAQ:OCSI) to report $0.15 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings of $0.17 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.8%. The firm is expected to issue its next earnings results before the market opens on Tuesday, May 8th.
On average, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.62 per share for the current year. For the next fiscal year, analysts anticipate that the company will report earnings of $0.70 per share. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Oaktree Strategic Income had a negative net margin of 16.64% and a positive return on equity of 6.93%. The business had revenue of $10.73 million during the quarter.
NASDAQ OCSI traded down $0.01 on Friday, hitting $8.06. The company’s stock had a trading volume of 12,063 shares, compared to its average volume of 67,857. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.47 and a current ratio of 0.47. Oaktree Strategic Income has a 1-year low of $7.03 and a 1-year high of $9.09. The stock has a market cap of $237.50, a P/E ratio of 10.61 and a beta of 0.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Stockholders of record on Thursday, March 15th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.95%. The ex-dividend date was Wednesday, March 14th. Oaktree Strategic Income’s dividend payout ratio (DPR) is presently 73.68%.
In related news, Director Richard Ruben bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were acquired at an average cost of $7.86 per share, with a total value of $39,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Oaktree Capital Management Lp bought 162,900 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were bought at an average cost of $7.75 per share, for a total transaction of $1,262,475.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 317,670 shares of company stock valued at $2,462,607. 0.35% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $119,000. Millennium Management LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $133,000. BB&T Securities LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $147,000. Guggenheim Capital LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $152,000. Finally, Mariner Investment Group LLC bought a new position in Oaktree Strategic Income during the fourth quarter worth $170,000. 27.02% of the stock is currently owned by institutional investors and hedge funds.
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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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