Ramsey Quantitative Systems boosted its position in shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) by 81.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,331 shares of the company’s stock after acquiring an additional 9,138 shares during the period. Ramsey Quantitative Systems owned approximately 0.07% of Oaktree Strategic Income worth $176,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of OCSI. Millennium Management LLC grew its stake in shares of Oaktree Strategic Income by 46.0% in the 1st quarter. Millennium Management LLC now owns 23,126 shares of the company’s stock valued at $182,000 after purchasing an additional 7,281 shares during the period. Lourd Capital LLC boosted its holdings in shares of Oaktree Strategic Income by 64.2% in the 2nd quarter. Lourd Capital LLC now owns 49,264 shares of the company’s stock worth $419,000 after acquiring an additional 19,264 shares in the last quarter. BB&T Securities LLC boosted its holdings in shares of Oaktree Strategic Income by 376.0% in the 1st quarter. BB&T Securities LLC now owns 83,300 shares of the company’s stock worth $657,000 after acquiring an additional 65,800 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Oaktree Strategic Income by 16.9% in the 1st quarter. Wells Fargo & Company MN now owns 419,637 shares of the company’s stock worth $3,311,000 after acquiring an additional 60,803 shares in the last quarter. Finally, Private Management Group Inc. boosted its holdings in shares of Oaktree Strategic Income by 29.7% in the 2nd quarter. Private Management Group Inc. now owns 407,723 shares of the company’s stock worth $3,466,000 after acquiring an additional 93,352 shares in the last quarter. Hedge funds and other institutional investors own 28.98% of the company’s stock.
In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 20,850 shares of the company’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $8.75, for a total transaction of $182,437.50. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Leonard M. Tannenbaum sold 11,350 shares of the company’s stock in a transaction on Monday, August 20th. The stock was sold at an average price of $8.75, for a total value of $99,312.50. The disclosure for this sale can be found here. In the last ninety days, insiders have acquired 13,899 shares of company stock worth $119,326 and have sold 245,830 shares worth $2,135,007. 0.41% of the stock is currently owned by corporate insiders.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its earnings results on Wednesday, August 8th. The company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $11.66 million for the quarter. Oaktree Strategic Income had a positive return on equity of 6.75% and a negative net margin of 4.80%. On average, sell-side analysts anticipate that Oaktree Strategic Income Co. will post 0.66 EPS for the current fiscal year.
Separately, Zacks Investment Research raised Oaktree Strategic Income from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a report on Wednesday, August 15th.
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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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