Fifth Street Senior Floating Rate Corp. (OCSI) Earning Somewhat Critical News Coverage, Report Shows

News articles about Fifth Street Senior Floating Rate Corp. (NASDAQ:OCSI) have been trending somewhat negative this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fifth Street Senior Floating Rate Corp. earned a news sentiment score of -0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.9679187769037 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Several research analysts have commented on the company. Deutsche Bank AG reaffirmed a “hold” rating and set a $9.25 price target (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. Zacks Investment Research raised Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, BidaskClub lowered Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Fifth Street Senior Floating Rate Corp. presently has an average rating of “Hold” and an average target price of $9.50.

Fifth Street Senior Floating Rate Corp. (NASDAQ OCSI) remained flat at $$8.60 during trading hours on Monday. 42,900 shares of the company traded hands, compared to its average volume of 68,528. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.57. Fifth Street Senior Floating Rate Corp. has a one year low of $7.03 and a one year high of $10.37. The firm has a market cap of $253.41, a price-to-earnings ratio of 10.89 and a beta of 0.34.

In related news, major shareholder Leonard M. Tannenbaum sold 22,800 shares of Fifth Street Senior Floating Rate Corp. stock in a transaction that occurred on Tuesday, October 24th. The stock was 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 SEC, which is available through the SEC website. Also, major shareholder Leonard M. Tannenbaum sold 12,525 shares of Fifth Street Senior Floating Rate Corp. stock in a transaction that occurred 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 completion of the sale, the insider now owns 5,086,259 shares in the company, valued at $45,827,193.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,433 shares of company stock worth $560,881. Company insiders own 0.43% of the company’s stock.

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About Fifth Street Senior Floating Rate Corp.

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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