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.
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