Several brokerages have updated their recommendations and price targets on shares of Fifth Street Senior Floating Rate Corp. (NASDAQ: FSFR) in the last few weeks:

  • 8/23/2017 – Fifth Street Senior Floating Rate Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the 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. “
  • 8/22/2017 – Fifth Street Senior Floating Rate Corp. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 8/15/2017 – Fifth Street Senior Floating Rate Corp. was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the 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. “
  • 8/10/2017 – Fifth Street Senior Floating Rate Corp. had its “hold” rating reaffirmed by analysts at Maxim Group.
  • 7/18/2017 – Fifth Street Senior Floating Rate Corp. had its “hold” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $9.25 price target on the stock, up previously from $8.50.
  • 7/17/2017 – Fifth Street Senior Floating Rate Corp. was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/17/2017 – Fifth Street Senior Floating Rate Corp. was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ FSFR) opened at 8.78 on Tuesday. The stock’s 50 day moving average price is $8.54 and its 200-day moving average price is $8.36. Fifth Street Senior Floating Rate Corp. has a 52-week low of $7.30 and a 52-week high of $10.37.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.66%. The ex-dividend date is Thursday, September 14th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is 485.12%.

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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