BB&T Securities LLC Sells 3,658 Shares of Oaktree Strategic Income Co. (NASDAQ:OCSI)

BB&T Securities LLC lowered its stake in shares of Oaktree Strategic Income Co. (NASDAQ:OCSI) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 133,834 shares of the company’s stock after selling 3,658 shares during the period. BB&T Securities LLC owned approximately 0.45% of Oaktree Strategic Income worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Oaktree Strategic Income by 513.1% during the second quarter. Royal Bank of Canada now owns 7,461 shares of the company’s stock worth $63,000 after buying an additional 6,244 shares during the last quarter. Partnervest Advisory Services LLC bought a new position in shares of Oaktree Strategic Income during the 2nd quarter valued at about $131,000. Wiley BROS. Aintree Capital LLC bought a new position in shares of Oaktree Strategic Income during the 3rd quarter valued at about $276,000. First Foundation Advisors bought a new position in shares of Oaktree Strategic Income during the 2nd quarter valued at about $314,000. Finally, Acadian Asset Management LLC lifted its holdings in shares of Oaktree Strategic Income by 22.4% during the 2nd quarter. Acadian Asset Management LLC now owns 147,887 shares of the company’s stock valued at $1,256,000 after purchasing an additional 27,016 shares in the last quarter. Hedge funds and other institutional investors own 33.88% of the company’s stock.

Several equities research analysts have commented on the company. Zacks Investment Research cut Oaktree Strategic Income from a “buy” rating to a “hold” rating in a research note on Thursday, October 3rd. TheStreet upgraded Oaktree Strategic Income from a “c” rating to a “b-” rating in a research note on Monday, July 15th.

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In other Oaktree Strategic Income news, major shareholder Leonard M. Tannenbaum sold 4,193 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $8.25, for a total value of $34,592.25. Also, major shareholder Leonard M. Tannenbaum sold 21,156 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $8.26, for a total value of $174,748.56. Insiders own 0.55% of the company’s stock.

NASDAQ OCSI opened at $8.19 on Friday. The stock has a market capitalization of $240.45 million, a price-to-earnings ratio of 12.22 and a beta of 0.55. The stock’s 50 day moving average price is $8.15 and its two-hundred day moving average price is $8.31. Oaktree Strategic Income Co. has a 52 week low of $7.52 and a 52 week high of $8.81.

Oaktree Strategic Income (NASDAQ:OCSI) last released its earnings results on Wednesday, August 7th. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The firm had revenue of $13.81 million for the quarter, compared to analysts’ expectations of $12.67 million. Oaktree Strategic Income had a return on equity of 7.52% and a net margin of 23.60%. Sell-side analysts forecast that Oaktree Strategic Income Co. will post 0.72 earnings per share for the current fiscal year.

Oaktree Strategic Income 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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Institutional Ownership by Quarter for Oaktree Strategic Income (NASDAQ:OCSI)

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