Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) CEO Bernard D. Berman sold 7,473 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $8.80, for a total transaction of $65,762.40. Following the completion of the sale, the chief executive officer now owns 92,027 shares in the company, valued at approximately $809,837.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Fifth Street Senior Floating Rate Corp. (FSFR) opened at 8.86 on Thursday. 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 of $8.79 and a 200-day moving average of $8.31.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last issued its quarterly earnings results on Wednesday, August 9th. The investment management company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate 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 net margin of 29.89% and a return on equity of 7.27%. Equities research analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.77 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 8.58%. The ex-dividend date of this dividend was Thursday, September 14th. Fifth Street Senior Floating Rate Corp.’s payout ratio is 161.71%.

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FSFR has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. 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. Deutsche Bank AG restated a “hold” rating and issued a $9.25 target price (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. Finally, BidaskClub lowered 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $9.50.

Several large investors have recently modified their holdings of FSFR. Kennedy Capital Management Inc. bought a new position in shares of Fifth Street Senior Floating Rate Corp. in the 2nd quarter worth $2,742,000. Greenwich Investment Management Inc. bought a new position in shares of Fifth Street Senior Floating Rate Corp. in the 1st quarter worth $1,575,000. UBS Group AG increased its holdings in shares of Fifth Street Senior Floating Rate Corp. by 23.8% in the 1st quarter. UBS Group AG now owns 621,372 shares of the investment management company’s stock worth $5,480,000 after buying an additional 119,438 shares during the last quarter. Muzinich & Co. Inc. increased its holdings in shares of 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 worth $11,230,000 after buying an additional 98,590 shares during the last quarter. Finally, Garner Asset Management Corp bought a new position in shares of Fifth Street Senior Floating Rate Corp. in the 2nd quarter worth $624,000. 23.29% of the stock is currently 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.

Insider Buying and Selling by Quarter for Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)

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