Greenwich Investment Management Inc. grew its stake in shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) by 4.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 638,494 shares of the company’s stock after acquiring an additional 25,012 shares during the quarter. Oaktree Strategic Income comprises about 5.3% of Greenwich Investment Management Inc.’s portfolio, making the stock its 5th biggest holding. Greenwich Investment Management Inc. owned approximately 2.17% of Oaktree Strategic Income worth $5,421,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Punch & Associates Investment Management Inc. increased its stake in shares of Oaktree Strategic Income by 0.8% in the first quarter. Punch & Associates Investment Management Inc. now owns 244,549 shares of the company’s stock valued at $1,981,000 after buying an additional 2,023 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of Oaktree Strategic Income by 100.0% in the first quarter. Arcadia Investment Management Corp MI now owns 20,000 shares of the company’s stock valued at $162,000 after buying an additional 10,000 shares during the period. Private Management Group Inc. increased its stake in shares of Oaktree Strategic Income by 2.0% in the first quarter. Private Management Group Inc. now owns 956,964 shares of the company’s stock valued at $7,751,000 after buying an additional 18,560 shares during the period. Deutsche Bank AG acquired a new stake in shares of Oaktree Strategic Income in the fourth quarter valued at about $156,000. Finally, Acadian Asset Management LLC increased its stake in shares of Oaktree Strategic Income by 44.9% in the first quarter. Acadian Asset Management LLC now owns 120,871 shares of the company’s stock valued at $980,000 after buying an additional 37,468 shares during the period. 31.19% of the stock is owned by institutional investors and hedge funds.
OCSI has been the subject of several recent research reports. Zacks Investment Research raised Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.25 price target for the company in a research note on Saturday. TheStreet raised Oaktree Strategic Income from a “c” rating to a “b-” rating in a research note on Monday, July 15th.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $13.81 million for the quarter, compared to analyst estimates of $12.67 million. Oaktree Strategic Income had a return on equity of 7.52% and a net margin of 23.60%. On average, equities analysts predict that Oaktree Strategic Income Co. will post 0.72 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $0.62 annualized dividend and a yield of 7.63%. Oaktree Strategic Income’s payout ratio is currently 92.54%.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 12,845 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $8.51, for a total value of $109,310.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by corporate insiders.
Oaktree Strategic Income 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.
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