Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $9.75 target price on the investment management company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 10.42% from the stock’s previous close.

According to Zacks, “Fifth Street Senior Floating Rate Corp. is a business development company. It invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments. The Company’s investment objective is to maximize the portfolio’s total return by generating current income from debt investments while seeking to preserve capital. Fifth Street Senior Floating Rate Corp. is based in White Plains, New York. “

A number of other research analysts also recently issued reports on FSFR. Maxim Group restated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. BidaskClub downgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 17th. Deutsche Bank AG restated a “hold” rating and issued a $9.25 price target (up from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. Finally, TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.50.

Shares of Fifth Street Senior Floating Rate Corp. (FSFR) traded up 2.44% during midday trading on Tuesday, hitting $8.83. 135,980 shares of the stock were exchanged. Fifth Street Senior Floating Rate Corp. has a 12-month low of $7.30 and a 12-month high of $10.37. The firm has a 50-day moving average price of $8.39 and a 200-day moving average price of $8.42.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last posted its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. Fifth Street Senior Floating Rate Corp. had a net margin of 29.89% and a return on equity of 7.27%. The company had revenue of $12.03 million for the quarter. Analysts anticipate that Fifth Street Senior Floating Rate Corp. will post $0.77 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of FSFR. Muzinich & Co. Inc. increased its stake in shares of Fifth Street Senior Floating Rate Corp. by 358.4% in the first quarter. Muzinich & Co. Inc. now owns 1,279,325 shares of the investment management company’s stock valued at $11,284,000 after buying an additional 1,000,231 shares in the last quarter. Kennedy Capital Management Inc. purchased a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at $2,742,000. Acadian Asset Management LLC increased its stake in shares of Fifth Street Senior Floating Rate Corp. by 679.9% in the first quarter. Acadian Asset Management LLC now owns 234,397 shares of the investment management company’s stock valued at $2,068,000 after buying an additional 204,341 shares in the last quarter. Greenwich Investment Management Inc. purchased a new stake in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at $1,575,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at $1,288,000. Hedge funds and other institutional investors own 23.54% of the company’s stock.

About Fifth Street Senior Floating Rate Corp.

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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