$0.17 EPS Expected for Oaktree Strategic Income Co. (OCSI) This Quarter
Brokerages predict that Oaktree Strategic Income Co. (NASDAQ:OCSI) will report earnings per share of $0.17 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 $0.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The firm is expected to announce its next quarterly earnings results before the market opens on Wednesday, May 8th.
According to Zacks, analysts expect that Oaktree Strategic Income will report full-year earnings of $0.68 per share for the current financial year. For the next year, analysts forecast that the business will report earnings of $0.72 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Oaktree Strategic Income.
Oaktree Strategic Income (NASDAQ:OCSI) last released its quarterly earnings results on Thursday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.17. Oaktree Strategic Income had a net margin of 11.55% and a return on equity of 6.93%. The company had revenue of $11.26 million during the quarter.
In other Oaktree Strategic Income news, Director Craig A. Jacobson acquired 11,830 shares of the business’s stock in a transaction on Monday, February 11th. The shares were acquired at an average price of $8.55 per share, for a total transaction of $101,146.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in OCSI. Arcadia Investment Management Corp MI purchased a new stake in shares of Oaktree Strategic Income during the fourth quarter valued at approximately $78,000. Lindbrook Capital LLC purchased a new stake in shares of Oaktree Strategic Income during the fourth quarter valued at approximately $147,000. Deutsche Bank AG purchased a new stake in shares of Oaktree Strategic Income during the fourth quarter valued at approximately $156,000. Two Sigma Securities LLC purchased a new stake in shares of Oaktree Strategic Income during the fourth quarter valued at approximately $161,000. Finally, Wiley BROS. Aintree Capital LLC purchased a new stake in shares of Oaktree Strategic Income during the fourth quarter valued at approximately $231,000. Institutional investors and hedge funds own 32.91% of the company’s stock.
OCSI stock traded down $0.08 during trading on Monday, reaching $8.31. The company had a trading volume of 63,100 shares, compared to its average volume of 59,729. Oaktree Strategic Income has a 52 week low of $7.52 and a 52 week high of $8.87. The company has a market cap of $247.25 million, a P/E ratio of 12.40 and a beta of 0.51.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.155 dividend. This represents a $0.62 dividend on an annualized basis and a yield of 7.46%. The ex-dividend date of this dividend was Thursday, March 14th. Oaktree Strategic Income’s dividend payout ratio (DPR) is presently 92.54%.
Oaktree Strategic Income Company 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.
Featured Article: Risk Tolerance
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Oaktree Strategic Income Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oaktree Strategic Income and related companies with MarketBeat.com's FREE daily email newsletter.