Oaktree Strategic Income Co. (FSFR) Major Shareholder Sells $112,850.25 in Stock
Oaktree Strategic Income Co. (NASDAQ:FSFR) major shareholder Leonard M. Tannenbaum sold 12,525 shares of the company’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $9.01, for a total value of $112,850.25. Following the transaction, the insider now directly owns 5,086,259 shares in the company, valued at approximately $45,827,193.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Oaktree Strategic Income Co. (NASDAQ FSFR) traded down 0.79% on Tuesday, hitting $8.84. The stock had a trading volume of 81,332 shares. Oaktree Strategic Income Co. has a 12 month low of $7.30 and a 12 month high of $10.37. The stock has a 50 day moving average of $8.83 and a 200-day moving average of $8.31.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. purchased a new position in Oaktree Strategic Income during the first quarter valued at $119,000. WFG Advisors LP lifted its position in Oaktree Strategic Income by 397.6% during the second quarter. WFG Advisors LP now owns 28,906 shares of the company’s stock valued at $236,000 after purchasing an additional 23,097 shares in the last quarter. National Asset Management Inc. lifted its position in Oaktree Strategic Income by 4.0% during the second quarter. National Asset Management Inc. now owns 33,915 shares of the company’s stock valued at $277,000 after purchasing an additional 1,294 shares in the last quarter. Stifel Financial Corp lifted its position in Oaktree Strategic Income by 6.6% during the second quarter. Stifel Financial Corp now owns 38,788 shares of the company’s stock valued at $315,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in Oaktree Strategic Income during the second quarter valued at $496,000.
Oaktree Strategic Income 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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