Insider Selling: Oaktree Strategic Income Co. (FSFR) Major Shareholder Sells 1,266 Shares of Stock
Oaktree Strategic Income Co. (NASDAQ:FSFR) major shareholder Leonard M. Tannenbaum sold 1,266 shares of Oaktree Strategic Income stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $9.00, for a total value of $11,394.00. Following the completion of the sale, the insider now directly owns 5,086,259 shares of the company’s stock, valued at approximately $45,776,331. The transaction was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Oaktree Strategic Income Co. (FSFR) traded down 0.79% during mid-day trading on Tuesday, hitting $8.84. The company’s stock had a trading volume of 81,332 shares. The firm’s 50-day moving average is $8.83 and its 200-day moving average is $8.31. Oaktree Strategic Income Co. has a 12-month low of $7.30 and a 12-month high of $10.37.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSFR. Kennedy Capital Management Inc. acquired a new position in shares of Oaktree Strategic Income in the 2nd quarter valued at $2,742,000. UBS Group AG increased its position in shares of Oaktree Strategic Income by 23.8% in the 1st quarter. UBS Group AG now owns 621,372 shares of the company’s stock valued at $5,480,000 after acquiring an additional 119,438 shares during the period. Muzinich & Co. Inc. increased its position in shares of Oaktree Strategic Income by 7.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 1,377,915 shares of the company’s stock valued at $11,230,000 after acquiring an additional 98,590 shares during the period. Garner Asset Management Corp acquired a new position in shares of Oaktree Strategic Income in the 2nd quarter valued at $624,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Oaktree Strategic Income in the 1st quarter valued at $647,000.
About Oaktree Strategic Income
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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