Brokerages predict that Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) will announce earnings per share (EPS) of $0.20 for the current quarter, according to Zacks. Zero analysts have issued estimates for Fifth Street Senior Floating Rate Corp.’s earnings. Fifth Street Senior Floating Rate Corp. posted earnings per share of $0.22 in the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The business is scheduled to report its next quarterly earnings report on Wednesday, December 13th.

According to Zacks, analysts expect that Fifth Street Senior Floating Rate Corp. will report full-year earnings of $0.77 per share for the current financial year. For the next year, analysts expect that the business will report earnings of $0.80 per share. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Fifth Street Senior Floating Rate Corp..

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last released its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $12.03 million during the quarter. Fifth Street Senior Floating Rate Corp. had a net margin of 29.89% and a return on equity of 7.27%.

Several equities analysts have recently weighed in on FSFR shares. TheStreet upgraded Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a report on Monday, June 12th. Zacks Investment Research upgraded Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a report on Tuesday, August 15th. Maxim Group restated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and set a $9.25 price target (up from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a report on Tuesday, July 18th. Finally, BidaskClub downgraded Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Fifth Street Senior Floating Rate Corp. has a consensus rating of “Hold” and a consensus price target of $9.50.

Large investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. acquired a new stake in Fifth Street Senior Floating Rate Corp. during the first quarter valued at approximately $119,000. American Asset Management Inc. acquired a new stake in Fifth Street Senior Floating Rate Corp. during the first quarter valued at approximately $144,000. WFG Advisors LP boosted its stake in Fifth Street Senior Floating Rate Corp. by 397.6% in the second quarter. WFG Advisors LP now owns 28,906 shares of the investment management company’s stock valued at $236,000 after buying an additional 23,097 shares during the period. National Asset Management Inc. boosted its stake in Fifth Street Senior Floating Rate Corp. by 4.0% in the second quarter. National Asset Management Inc. now owns 33,915 shares of the investment management company’s stock valued at $277,000 after buying an additional 1,294 shares during the period. Finally, Stifel Financial Corp boosted its stake in Fifth Street Senior Floating Rate Corp. by 6.6% in the second quarter. Stifel Financial Corp now owns 38,788 shares of the investment management company’s stock valued at $315,000 after buying an additional 2,400 shares during the period. 23.54% of the stock is currently owned by institutional investors.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) traded up 0.23% on Thursday, reaching $8.72. 78,850 shares of the company traded hands. Fifth Street Senior Floating Rate Corp. has a one year low of $7.30 and a one year high of $10.37. The firm has a 50-day moving average price of $8.54 and a 200 day moving average price of $8.36. The company’s market capitalization is $256.95 million.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.19 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.76 annualized dividend and a dividend yield of 8.72%. Fifth Street Senior Floating Rate Corp.’s payout ratio is presently 485.12%.

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Fifth Street Senior Floating Rate Corp. Company Profile

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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