Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 4,578 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $9.00, for a total transaction of $41,202.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 EPS for the quarter, topping the 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 company had revenue of $12.03 million during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.76 annualized dividend and a yield of 8.48%. Fifth Street Senior Floating Rate Corp.’s payout ratio is 161.71%.
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A number of equities analysts recently weighed in on the stock. 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 reissued a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a report on Thursday, August 10th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $9.25 price target (up from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a report on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Fifth Street Senior Floating Rate Corp. currently has a consensus rating of “Hold” and an average target price 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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