Fifth Street Senior Floating Rate Corp. (OCSI) Major Shareholder Sells $41,202.00 in Stock

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.

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

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