Fifth Street Senior Floating Rate Corp. (OCSI) Major Shareholder Sells $11,394.00 in Stock

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 1,266 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $9.00, for a total value of $11,394.00. Following the completion of the transaction, the insider now owns 5,086,259 shares of the company’s stock, valued at $45,776,331. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) opened at 8.92 on Friday. The firm’s 50-day moving average price is $8.84 and its 200-day moving average price is $8.34. The firm’s market cap is $262.85 million. Fifth Street Senior Floating Rate Corp. has a 52-week low of $7.03 and a 52-week high of $10.37.

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Fifth Street Senior Floating Rate Corp. had a return on equity of 7.27% and a net margin of 29.89%. The firm had revenue of $12.03 million during the quarter. Equities research analysts expect that Fifth Street Senior Floating Rate Corp. will post $0.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.19 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a yield of 8.52%. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is presently 161.71%.

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A number of research firms have weighed in on OCSI. Zacks Investment Research downgraded Fifth Street Senior Floating Rate Corp. from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Maxim Group reaffirmed a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $9.25 price target (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $9.50.

Fifth Street Senior Floating Rate Corp. Company Profile

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.

Insider Buying and Selling by Quarter for Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI)

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