Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) Major Shareholder Leonard M. Tannenbaum Sells 12,525 Shares

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 12,525 shares of the business’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $9.01, for a total transaction of $112,850.25. Following the completion of the transaction, the insider now directly owns 5,086,259 shares of the company’s stock, valued at approximately $45,827,193.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Fifth Street Senior Floating Rate Corp. (NASDAQ OCSI) remained flat at $$8.60 during midday trading on Friday. 42,900 shares of the company’s stock were exchanged, compared to its average volume of 169,256. Fifth Street Senior Floating Rate Corp. has a 52 week low of $7.03 and a 52 week high of $10.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $253.41, a P/E ratio of 10.89 and a beta of 0.34.

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) last issued its earnings results on Wednesday, August 9th. The company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $12.03 million for the quarter. Fifth Street Senior Floating Rate Corp. had a net margin of 29.89% and a return on equity of 7.27%.

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A number of research firms have commented on OCSI. Zacks Investment Research downgraded shares of Fifth Street Senior Floating Rate Corp. from a “buy” rating to a “hold” rating in a 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 objective (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Fifth Street Senior Floating Rate Corp. currently has a consensus rating of “Hold” and a consensus target price of $9.50.

About Fifth Street Senior Floating Rate Corp.

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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