Arrowstreet Capital Limited Partnership Buys New Stake in Oaktree Strategic Income Co. (OCSI)
Arrowstreet Capital Limited Partnership bought a new stake in shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 38,715 shares of the company’s stock, valued at approximately $325,000.
Other institutional investors also recently added to or reduced their stakes in the company. Garner Asset Management Corp acquired a new position in shares of Oaktree Strategic Income during the 4th quarter valued at $347,000. Shelton Capital Management acquired a new position in shares of Oaktree Strategic Income during the 4th quarter valued at $557,000. California Public Employees Retirement System acquired a new position in shares of Oaktree Strategic Income during the 4th quarter valued at $672,000. Acadian Asset Management LLC acquired a new position in shares of Oaktree Strategic Income during the 4th quarter valued at $1,939,000. Finally, Wells Fargo & Company MN acquired a new position in shares of Oaktree Strategic Income during the 4th quarter valued at $3,014,000. Institutional investors own 26.92% of the company’s stock.
In other news, Director Richard Ruben bought 5,000 shares of Oaktree Strategic Income stock in a transaction dated Wednesday, February 28th. The stock was purchased at an average price of $7.86 per share, for a total transaction of $39,300.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Oaktree Capital Management Lp bought 47,400 shares of Oaktree Strategic Income stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of $7.72 per share, with a total value of $365,928.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 317,670 shares of company stock valued at $2,462,607 in the last 90 days. 0.35% of the stock is currently owned by company insiders.
Oaktree Strategic Income (NASDAQ:OCSI) last announced its quarterly earnings results on Friday, February 9th. The company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). The business had revenue of $10.73 million for the quarter. Oaktree Strategic Income had a negative net margin of 16.64% and a positive return on equity of 6.93%. equities research analysts forecast that Oaktree Strategic Income Co. will post 0.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Wednesday, March 14th. This represents a $0.56 dividend on an annualized basis and a yield of 7.18%. Oaktree Strategic Income’s dividend payout ratio (DPR) is presently -292.31%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Oaktree Strategic Income from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. TheStreet downgraded shares of Oaktree Strategic Income from a “b-” rating to a “c” rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average price target 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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