Oaktree Capital Management Lp Purchases 162,900 Shares of Oaktree Strategic Income Co. (OCSI) Stock

Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Oaktree Capital Management Lp acquired 162,900 shares of the stock in a transaction dated 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Oaktree Capital Management Lp also recently made the following trade(s):

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  • On Tuesday, February 27th, Oaktree Capital Management Lp acquired 49,800 shares of Oaktree Strategic Income stock. The shares were bought at an average cost of $7.80 per share, for a total transaction of $388,440.00.
  • On Friday, February 23rd, Oaktree Capital Management Lp acquired 47,400 shares of Oaktree Strategic Income stock. The shares were bought at an average cost of $7.72 per share, for a total transaction of $365,928.00.
  • On Wednesday, February 21st, Oaktree Capital Management Lp bought 47,400 shares of Oaktree Strategic Income stock. The shares were acquired at an average cost of $7.73 per share, for a total transaction of $366,402.00.
  • On Thursday, December 14th, Oaktree Capital Management Lp bought 57,600 shares of Oaktree Strategic Income stock. The shares were acquired at an average cost of $8.57 per share, for a total transaction of $493,632.00.

OCSI traded up $0.14 on Monday, hitting $8.03. 33,368 shares of the company’s stock traded hands, compared to its average volume of 84,098. The company has a market capitalization of $232.49, a PE ratio of 10.57 and a beta of 0.26. Oaktree Strategic Income Co. has a one year low of $7.03 and a one year high of $9.09. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.61.

Oaktree Strategic Income (NASDAQ:OCSI) last issued its earnings results on Friday, February 9th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the 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 for the quarter. equities research analysts predict that Oaktree Strategic Income Co. will post 0.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 30th. Shareholders of record on Thursday, March 15th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date was Wednesday, March 14th. Oaktree Strategic Income’s payout ratio is 73.68%.

A number of large investors have recently added to or reduced their stakes in the business. Muzinich & Co. Inc. bought a new stake in Oaktree Strategic Income in the 4th quarter worth approximately $8,266,000. Ares Management LLC bought a new stake in Oaktree Strategic Income in the 4th quarter worth approximately $7,872,000. Raymond James & Associates bought a new stake in Oaktree Strategic Income in the 4th quarter worth approximately $5,112,000. Wells Fargo & Company MN bought a new stake in Oaktree Strategic Income in the 4th quarter worth approximately $3,014,000. Finally, Greenwich Investment Management Inc. bought a new stake in Oaktree Strategic Income in the 4th quarter worth approximately $2,609,000. 26.92% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on OCSI shares. ValuEngine raised Oaktree Strategic Income from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 23rd. Zacks Investment Research raised Oaktree Strategic Income from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $9.50.

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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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