Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 15,135 shares of Oaktree Strategic Income stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $8.65, for a total value of $130,917.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

OCSI stock traded up $0.02 during midday trading on Tuesday, hitting $8.63. 6,622 shares of the company’s stock were exchanged, compared to its average volume of 65,597. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.61. The firm has a market cap of $253.71 million, a PE ratio of 11.36 and a beta of 0.25. Oaktree Strategic Income Co. has a one year low of $7.03 and a one year high of $9.06.

Oaktree Strategic Income (NASDAQ:OCSI) last posted its earnings results on Wednesday, August 8th. The company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The firm 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%. analysts forecast that Oaktree Strategic Income Co. will post 0.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Saturday, September 15th will be paid a $0.155 dividend. This is an increase from Oaktree Strategic Income’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.62 annualized dividend and a dividend yield of 7.18%. Oaktree Strategic Income’s dividend payout ratio (DPR) is currently 81.58%.

Separately, Zacks Investment Research upgraded Oaktree Strategic Income from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Relative Value Partners Group LLC raised its stake in shares of Oaktree Strategic Income by 38.1% in the 1st quarter. Relative Value Partners Group LLC now owns 183,374 shares of the company’s stock valued at $1,447,000 after purchasing an additional 50,632 shares during the period. Private Management Group Inc. increased its position in shares of Oaktree Strategic Income by 29.7% in the second quarter. Private Management Group Inc. now owns 407,723 shares of the company’s stock valued at $3,466,000 after acquiring an additional 93,352 shares during the last quarter. Lourd Capital LLC increased its position in Oaktree Strategic Income by 64.2% during the second quarter. Lourd Capital LLC now owns 49,264 shares of the company’s stock worth $419,000 after buying an additional 19,264 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in Oaktree Strategic Income by 67.6% during the first quarter. Punch & Associates Investment Management Inc. now owns 240,329 shares of the company’s stock worth $1,896,000 after buying an additional 96,969 shares during the last quarter. Finally, BB&T Securities LLC increased its position in Oaktree Strategic Income by 376.0% during the first quarter. BB&T Securities LLC now owns 83,300 shares of the company’s stock worth $657,000 after buying an additional 65,800 shares during the last quarter. 28.84% of the stock is currently owned by hedge funds and other institutional investors.

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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