Zacks Investment Research cut shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) from a buy rating to a hold rating in a research note released on Friday.

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. “

Other equities analysts have also issued research reports about the company. TheStreet raised Fifth Street Senior Floating Rate Corp. from a c rating to a b- rating in a research note on Monday, June 12th. Deutsche Bank AG reissued a hold rating and set a $9.25 price objective (up from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. Maxim Group reissued a hold rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Fifth Street Senior Floating Rate Corp. from a sell rating to a strong sell rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $9.50.

Fifth Street Senior Floating Rate Corp. (FSFR) opened at 8.84 on Friday. The company’s 50-day moving average price is $8.78 and its 200-day moving average price is $8.30. Fifth Street Senior Floating Rate Corp. has a 12-month low of $7.30 and a 12-month high of $10.37.

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

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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.60%. The ex-dividend date of this dividend was Thursday, September 14th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is 161.71%.

Several large investors have recently bought and sold shares of FSFR. Muzinich & Co. Inc. increased its holdings in Fifth Street Senior Floating Rate Corp. by 7.7% in the 2nd quarter. Muzinich & Co. Inc. now owns 1,377,915 shares of the investment management company’s stock valued at $11,230,000 after purchasing an additional 98,590 shares during the last quarter. Ares Management LLC raised its position in Fifth Street Senior Floating Rate Corp. by 0.4% in the second quarter. Ares Management LLC now owns 805,305 shares of the investment management company’s stock valued at $6,563,000 after purchasing an additional 3,000 shares during the period. UBS Group AG raised its position in Fifth Street Senior Floating Rate Corp. by 23.8% in the first quarter. UBS Group AG now owns 621,372 shares of the investment management company’s stock valued at $5,480,000 after purchasing an additional 119,438 shares during the period. Advisors Asset Management Inc. raised its position in Fifth Street Senior Floating Rate Corp. by 4.8% in the second quarter. Advisors Asset Management Inc. now owns 456,071 shares of the investment management company’s stock valued at $3,717,000 after purchasing an additional 21,054 shares during the period. Finally, Kennedy Capital Management Inc. purchased a new stake in Fifth Street Senior Floating Rate Corp. in the second quarter valued at approximately $2,742,000. 23.29% of the stock is owned by hedge funds and other institutional investors.

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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