Oaktree Strategic Income Co. (OCSI) Expected to Announce Earnings of $0.19 Per Share
Analysts expect that Oaktree Strategic Income Co. (NASDAQ:OCSI) will announce earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Oaktree Strategic Income’s earnings. Oaktree Strategic Income reported earnings per share of $0.20 during the same quarter last year, which suggests a negative year over year growth rate of 5%. The company is expected to issue its next earnings results on Thursday, February 8th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full year earnings of $0.76 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $0.79 per share. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Oaktree Strategic Income.
Several research firms have recently commented on OCSI. Zacks Investment Research lowered shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research report on Thursday, September 7th. TheStreet lowered shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Oaktree Strategic Income currently has an average rating of “Hold” and a consensus price target of $9.50.
In related news, CEO Bernard D. Berman sold 7,473 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $8.80, for a total value of $65,762.40. Following the completion of the sale, the chief executive officer now directly owns 92,027 shares of the company’s stock, valued at approximately $809,837.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Oaktree Capital Management Lp bought 57,600 shares of Oaktree Strategic Income stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $8.57 per share, with a total value of $493,632.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 71,950 shares of company stock valued at $614,592 and sold 62,433 shares valued at $560,881. Corporate insiders own 0.43% of the company’s stock.
Oaktree Strategic Income (NASDAQ:OCSI) traded up $0.06 during midday trading on Monday, hitting $8.60. 102,800 shares of the stock traded hands, compared to its average volume of 162,820. Oaktree Strategic Income has a 12-month low of $7.03 and a 12-month high of $10.37. The stock has a market cap of $251.65, a price-to-earnings ratio of -28.67 and a beta of 0.30. The company has a quick ratio of 0.34, a current ratio of 0.34 and a debt-to-equity ratio of 0.61.
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About Oaktree Strategic Income
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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