Fifth Street Senior Floating Rate Corp. (FSFR) Sees Strong Trading Volume
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) shares saw strong trading volume on Thursday . 74,321 shares were traded during mid-day 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.
Several equities research analysts have issued reports on the stock. 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. TheStreet raised shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, Deutsche Bank AG decreased their price objective 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 report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Fifth Street Senior Floating Rate Corp. currently has a consensus rating of “Hold” and an average price target of $9.33.
The company’s 50-day moving average price is $8.08 and its 200 day moving average price is $7.74.
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last posted its quarterly earnings data on Tuesday, May 10th. The investment management company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. On average, equities analysts anticipate 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. Shareholders of record on Friday, July 15th will be issued a dividend of $0.075 per share. The ex-dividend date is Wednesday, July 13th. This represents a $0.90 annualized dividend and a yield of 10.71%.
A hedge fund recently raised its stake in Fifth Street Senior Floating Rate Corp. stock. Morgan Stanley increased its stake in shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 SEC filing.
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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