Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 10,750 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $8.52, for a total transaction of $91,590.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
NASDAQ:OCSI opened at $8.40 on Tuesday. The stock has a market capitalization of $250.20 million, a PE ratio of 12.54 and a beta of 0.54. Oaktree Strategic Income Co. has a twelve month low of $7.52 and a twelve month high of $8.87.
Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The firm had revenue of $12.48 million for the quarter. Oaktree Strategic Income had a net margin of 21.10% and a return on equity of 7.19%. As a group, research analysts anticipate that Oaktree Strategic Income Co. will post 0.68 EPS for the current year.
Several research firms have issued reports on OCSI. Zacks Investment Research downgraded shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. TheStreet downgraded shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Monday, March 4th.
Several large investors have recently bought and sold shares of the company. Kennedy Capital Management Inc. lifted its stake in shares of Oaktree Strategic Income by 79.5% in the first 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. lifted 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 worth $7,751,000 after buying an additional 18,560 shares in the last quarter. Relative Value Partners Group LLC lifted its stake in shares of Oaktree Strategic Income by 19.5% in the fourth quarter. Relative Value Partners Group LLC now owns 437,177 shares of the company’s stock worth $3,388,000 after buying an additional 71,206 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Oaktree Strategic Income by 37.5% in the third 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. lifted its stake in shares of Oaktree Strategic Income by 61.0% in the fourth 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 hedge funds and other institutional investors.
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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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