Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) major shareholder Leonard M. Tannenbaum sold 22,800 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $9.01, for a total value of $205,428.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) traded up 0.45% during midday trading on Tuesday, hitting $8.94. The company’s stock had a trading volume of 100,060 shares. Fifth Street Senior Floating Rate Corp. has a 1-year low of $7.03 and a 1-year high of $10.37. The company’s market cap is $263.43 million. The company has a 50-day moving average price of $8.84 and a 200 day moving average price of $8.33.

Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) last posted its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $12.03 million during the quarter. On average, equities research analysts predict that Fifth Street Senior Floating Rate Corp. will post $0.77 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 8.50%. The ex-dividend date of this dividend was Thursday, September 14th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is presently 161.71%.

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OCSI has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Deutsche Bank AG reiterated a “hold” rating and issued a $9.25 price objective (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a report on Tuesday, July 18th. Finally, BidaskClub downgraded Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target 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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