Oaktree Strategic Income Co. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 7,185 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $8.52, for a total transaction of $61,216.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

OCSI opened at $8.27 on Friday. The firm has a market capitalization of $249.29 million, a P/E ratio of 12.34 and a beta of 0.35. Oaktree Strategic Income Co. has a 12 month low of $7.44 and a 12 month high of $8.87.

Oaktree Strategic Income (NASDAQ:OCSI) last posted its quarterly earnings data on Thursday, November 29th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $14.72 million for the quarter. Oaktree Strategic Income had a net margin of 43.37% and a return on equity of 6.75%. On average, equities analysts predict that Oaktree Strategic Income Co. will post 0.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Monday, December 17th will be given a $0.155 dividend. The ex-dividend date is Friday, December 14th. This represents a $0.62 annualized dividend and a yield of 7.50%. Oaktree Strategic Income’s dividend payout ratio is currently 92.54%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in 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 acquiring an additional 7,281 shares in the last quarter. Ramsey Quantitative Systems lifted its position in Oaktree Strategic Income by 81.6% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,331 shares of the company’s stock valued at $176,000 after acquiring an additional 9,138 shares in the last quarter. Standard Life Aberdeen plc bought a new stake in Oaktree Strategic Income in the 3rd quarter valued at $407,000. BB&T Securities LLC lifted its position in Oaktree Strategic Income by 68.0% in the 2nd quarter. BB&T Securities LLC now owns 139,968 shares of the company’s stock valued at $1,189,000 after acquiring an additional 56,668 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in Oaktree Strategic Income by 361.4% in the 3rd quarter. Acadian Asset Management LLC now owns 74,016 shares of the company’s stock valued at $640,000 after acquiring an additional 57,975 shares in the last quarter. 31.31% of the stock is currently owned by institutional investors and hedge funds.

Separately, Zacks Investment Research cut shares of Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th.

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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.

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