Zacks Investment Research upgraded shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) from a hold rating to a buy rating in a research report sent to investors on Monday. The firm currently has $9.75 price target on the investment management company’s stock.

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. “

Several other equities research analysts also recently commented on the stock. 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. Maxim Group reissued a hold rating on shares of Fifth Street Senior Floating Rate Corp. in a research note on Thursday, August 10th. 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 report on Tuesday, July 18th. Finally, BidaskClub lowered Fifth Street Senior Floating Rate Corp. from a sell rating to a strong sell rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $9.50.

Fifth Street Senior Floating Rate Corp. (NASDAQ FSFR) traded down 0.45% during trading on Monday, hitting $8.80. 2,622 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 stock’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. (NASDAQ:FSFR) last posted 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 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%. On average, equities research 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 disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.19 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.76 annualized dividend and a yield of 8.60%. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio is presently 161.71%.

In other Fifth Street Senior Floating Rate Corp. news, CEO Bernard D. Berman sold 7,473 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $8.80, for a total value of $65,762.40. Following the transaction, the chief executive officer now owns 92,027 shares in the company, valued at $809,837.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.43% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FSFR. Kennedy Capital Management Inc. acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. in the 2nd quarter valued at $2,742,000. Greenwich Investment Management Inc. acquired a new position in Fifth Street Senior Floating Rate Corp. during the first quarter worth $1,575,000. UBS Group AG increased its position in Fifth Street Senior Floating Rate Corp. by 23.8% during the first 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 position in Fifth Street Senior Floating Rate Corp. by 7.7% during the second 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 acquired a new position in Fifth Street Senior Floating Rate Corp. during the second quarter worth $624,000. Institutional investors and hedge funds own 23.29% 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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