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.
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