Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) major shareholder Leonard M. Tannenbaum bought 865,868 shares of the firm’s stock in a transaction that occurred on Tuesday, September 13th. The shares were acquired at an average price of $8.52 per share, with a total value of $7,377,195.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Leonard M. Tannenbaum also recently made the following trade(s):

  • On Friday, August 12th, Leonard M. Tannenbaum bought 1,000,000 shares of Fifth Street Senior Floating Rate Corp. stock. The shares were acquired at an average price of $8.47 per share, with a total value of $8,470,000.00.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.58 on Tuesday. The firm has a 50 day moving average of $8.61 and a 200-day moving average of $8.08. Fifth Street Senior Floating Rate Corp. has a 12 month low of $6.53 and a 12 month high of $9.10.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last posted its earnings results on Tuesday, August 9th. The investment management company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate 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%. On average, equities research analysts expect that Fifth Street Senior Floating Rate Corp. will post $0.87 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.49%. The ex-dividend date of this dividend is Tuesday, September 13th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is -209.30%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. KCG Holdings Inc. bought a new position in Fifth Street Senior Floating Rate Corp. during the second quarter worth approximately $104,000. Citigroup Inc. increased its position 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 during the last quarter. Raymond James & Associates acquired a new position in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at about $115,000. Summit Securities Group LLC acquired a new position in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at about $133,000. Finally, Janney Montgomery Scott LLC increased its position in shares of Fifth Street Senior Floating Rate Corp. by 1.8% in the second quarter. Janney Montgomery Scott LLC now owns 37,200 shares of the investment management company’s stock valued at $319,000 after buying an additional 666 shares during the last quarter. 30.97% of the stock is currently owned by hedge funds and other institutional investors.

FSFR has been the subject of a number of research 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 Tuesday, July 12th. TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $9.33.

Fifth Street Senior Floating Rate Corp. Company Profile

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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