Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) announced a monthly dividend on Wednesday, August 24th. Investors of record on Friday, October 14th will be given a dividend of 0.075 per share by the investment management company on Monday, October 31st. This represents a $0.90 annualized dividend and a yield of 10.23%. The ex-dividend date is Wednesday, October 12th.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.80 on Friday. Fifth Street Senior Floating Rate Corp. has a 52-week low of $6.53 and a 52-week high of $9.10. The company has a 50-day moving average price of $8.68 and a 200 day moving average price of $8.16.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last issued its quarterly earnings data on Tuesday, August 9th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by $0.02. Fifth Street Senior Floating Rate Corp. had a negative net margin of 23.51% and a positive return on equity of 7.71%. Equities research analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.87 EPS for the current year.

Several research analysts recently weighed in on FSFR shares. Zacks Investment Research upgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $9.33.

In related news, Director Richard W. Cohen acquired 3,000 shares of the stock in a transaction on Monday, August 22nd. The shares were acquired at an average price of $8.54 per share, with a total value of $25,620.00. Following the completion of the transaction, the director now owns 43 shares in the company, valued at approximately $367.22. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Leonard M. Tannenbaum acquired 1,000,000 shares of the stock in a transaction on Friday, August 12th. The stock was bought at an average cost of $8.47 per share, for a total transaction of $8,470,000.00. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the company. KCG Holdings Inc. bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at approximately $104,000. Summit Securities Group LLC bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at approximately $133,000. Nuveen Fund Advisors LLC bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at approximately $930,000. Citigroup Inc. raised its stake in shares of Fifth Street Senior Floating Rate Corp. by 2.7% in the second quarter. Citigroup Inc. now owns 13,917 shares of the investment management company’s stock valued at $111,000 after buying an additional 362 shares in the last quarter. Finally, Raymond James & Associates bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at approximately $115,000. 30.97% of the stock is currently owned by institutional investors and hedge funds.

About Fifth Street Senior Floating Rate Corp.

Fifth Street Senior Floating Rate Corp. is the United States-based closed-end, non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return by generating income from its debt investments while seeking to preserve its capital. The Company invests in senior secured loans, including first lien, unitranche and second lien debt instruments.

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