Fifth Street Senior Floating Rate Corp. (FSFR) Sees Large Volume Increase
Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) saw strong trading volume on Thursday . 132,301 shares traded hands during mid-day trading, an increase of 74% from the previous session’s volume of 75,873 shares.The stock last traded at $8.41 and had previously closed at $8.40.
A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research note 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 note on Tuesday, July 12th. Finally, Deutsche Bank AG cut 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. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.33.
The stock has a 50 day moving average price of $8.17 and a 200-day moving average price of $7.77.
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last released its earnings results on Tuesday, May 10th. The investment management company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.04. Analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.90 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Investors of record on Monday, August 15th will be given a dividend of $0.075 per share. The ex-dividend date is Thursday, August 11th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.61%.
A hedge fund recently raised its stake in Fifth Street Senior Floating Rate Corp. stock. Morgan Stanley increased 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 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.
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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