Fifth Street Senior Floating Rate Corp. (FSFR) Sees Unusually-High Trading Volume
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) shares saw strong trading volume on Wednesday . 162,258 shares changed hands during mid-day trading, an increase of 94% from the previous session’s volume of 83,694 shares.The stock last traded at $8.46 and had previously closed at $8.65.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “sell” rating in a research note on Monday, May 16th. TheStreet upgraded 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 dropped their price target on 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 investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $9.33.
The company has a 50 day moving average of $8.22 and a 200 day moving average of $7.81.
Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last announced its 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. Equities analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.90 EPS for the current year.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be issued a $0.075 dividend. This represents a $0.90 annualized dividend and a dividend yield of 10.63%. The ex-dividend date of this dividend is Thursday, August 11th.
An institutional investor recently raised its position in Fifth Street Senior Floating Rate Corp. stock. KEMPER Corp raised its stake in Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 400,098 shares of the investment management company’s stock after buying an additional 10,098 shares during the period. Fifth Street Senior Floating Rate Corp. comprises about 1.6% of KEMPER Corp’s investment portfolio, making the stock its 10th largest position. KEMPER Corp’s holdings in Fifth Street Senior Floating Rate Corp. were worth $3,429,000 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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