Fifth Street Senior Floating Rate Corp. (FSFR) Sees Unusually-High Trading Volume
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) shares saw an uptick in trading volume on Thursday . Approximately 74,321 shares changed hands during trading, a decline of 3% from the previous session’s volume of 76,849 shares.The stock last traded at $8.32 and had previously closed at $8.32.
A number of analysts have recently weighed in on FSFR shares. Zacks Investment Research lowered shares of Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “sell” rating in a research note on Monday, May 16th. Deutsche Bank AG reduced their price target on shares of Fifth Street Senior Floating Rate Corp. from $10.30 to $10.00 and set a “buy” rating for the company in a research note on Thursday, May 12th. Finally, TheStreet raised shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $9.33.
The company’s 50 day moving average is $8.07 and its 200-day moving average is $7.74.
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last announced its quarterly earnings data on Tuesday, May 10th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by $0.04. Equities research analysts expect that Fifth Street Senior Floating Rate Corp. will post $0.90 EPS for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be paid a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.84%. The ex-dividend date is Wednesday, July 13th.
A hedge fund recently raised its stake in Fifth Street Senior Floating Rate Corp. stock. Morgan Stanley raised its position in shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) by 1.9% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,408,209 shares of the investment management company’s stock after buying an additional 25,690 shares during the period. Morgan Stanley’s holdings in Fifth Street Senior Floating Rate Corp. were worth $12,069,000 as of its most recent filing with the SEC.
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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