Fifth Street Senior Floating Rate Corp. (OCSI) Given $9.25 Consensus Target Price by Brokerages

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation. Fifth Street Senior Floating Rate Corp.’s rating score has declined by 50% in the last three months as a result of various analysts’ upgrades and downgrades.

Analysts have set a twelve-month consensus price target of $9.25 for the company, according to Zacks. Zacks has also given Fifth Street Senior Floating Rate Corp. an industry rank of 119 out of 265 based on the ratings given to related companies.

A number of equities research analysts recently issued reports on the stock. BidaskClub cut shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 17th. Zacks Investment Research upgraded shares of Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Tuesday, August 15th. Maxim Group reiterated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. Finally, Deutsche Bank AG reiterated a “hold” rating and set a $9.25 target price (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th.

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In other Fifth Street Senior Floating Rate Corp. news, major shareholder Leonard M. Tannenbaum sold 22,800 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $9.01, for a total transaction of $205,428.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Leonard M. Tannenbaum sold 4,578 shares of the 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 disclosure for this sale can be found here. In the last three months, insiders have sold 62,433 shares of company stock worth $560,881. Insiders own 0.43% of the company’s stock.

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) opened at $8.72 on Friday. The company has a market cap of $258.13 million, a price-to-earnings ratio of 11.09 and a beta of 0.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.29 and a quick ratio of 0.29.

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) last announced its quarterly earnings data on Wednesday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $12.03 million during the quarter. Fifth Street Senior Floating Rate Corp. had a net margin of 29.89% and a return on equity of 7.27%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 8.72%. The ex-dividend date of this dividend is Thursday, December 14th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio is currently 161.71%.

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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