Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) major shareholder Leonard M. Tannenbaum bought 865,868 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were acquired at an average price of $8.52 per share, with a total value of $7,377,195.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Leonard M. Tannenbaum also recently made the following trade(s):

  • On Friday, August 12th, Leonard M. Tannenbaum bought 1,000,000 shares of Fifth Street Senior Floating Rate Corp. stock. The shares were acquired at an average price of $8.47 per share, with a total value of $8,470,000.00.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.58 on Tuesday. The stock’s 50 day moving average is $8.61 and its 200-day moving average is $8.08. Fifth Street Senior Floating Rate Corp. has a one year low of $6.53 and a one year high of $9.10.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last released its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by $0.02. Fifth Street Senior Floating Rate Corp. had a positive return on equity of 7.71% and a negative net margin of 23.51%. Equities analysts expect that Fifth Street Senior Floating Rate Corp. will post $0.87 EPS for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.075 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.90 annualized dividend and a dividend yield of 10.49%. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio is currently -209.30%.

Several equities analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “sell” rating in a report on Friday, August 12th. TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.33.

Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Fifth Street Senior Floating Rate Corp. by 5.1% in the first quarter. JPMorgan Chase & Co. now owns 379,007 shares of the investment management company’s stock valued at $3,005,000 after buying an additional 18,262 shares during the last quarter. Mariner Investment Group LLC increased its stake in Fifth Street Senior Floating Rate Corp. by 67.3% in the second quarter. Mariner Investment Group LLC now owns 255,986 shares of the investment management company’s stock valued at $2,038,000 after buying an additional 103,007 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in Fifth Street Senior Floating Rate Corp. by 1.8% in the second quarter. Janney Montgomery Scott LLC now owns 37,200 shares of the investment management company’s stock valued at $319,000 after buying an additional 666 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Fifth Street Senior Floating Rate Corp. by 4.7% in the second quarter. Advisors Asset Management Inc. now owns 772,013 shares of the investment management company’s stock valued at $6,145,000 after buying an additional 34,655 shares during the last quarter. Finally, Raymond James & Associates bought a new stake in Fifth Street Senior Floating Rate Corp. during the second quarter valued at $115,000. Institutional investors and hedge funds own 30.97% of the company’s stock.

About Fifth Street Senior Floating Rate Corp.

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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