Acadian Asset Management LLC cut its stake in Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) by 37.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 145,588 shares of the investment management company’s stock after selling 88,809 shares during the period. Acadian Asset Management LLC’s holdings in Fifth Street Senior Floating Rate Corp. were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. National Asset Management Inc. acquired a new position in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at $288,000. UBS Group AG boosted its position in shares of Fifth Street Senior Floating Rate Corp. by 23.8% in the first quarter. UBS Group AG now owns 621,372 shares of the investment management company’s stock valued at $5,480,000 after buying an additional 119,438 shares during the period. Greenwich Investment Management Inc. acquired a new position in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at $1,575,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at $119,000. Finally, Muzinich & Co. Inc. boosted its position in shares of Fifth Street Senior Floating Rate Corp. by 358.4% in the first quarter. Muzinich & Co. Inc. now owns 1,279,325 shares of the investment management company’s stock valued at $11,284,000 after buying an additional 1,000,231 shares during the period. Hedge funds and other institutional investors own 23.61% of the company’s stock.

Fifth Street Senior Floating Rate Corp. (FSFR) traded up 3.31% during midday trading on Thursday, reaching $8.74. 94,563 shares of the company’s stock were exchanged. Fifth Street Senior Floating Rate Corp. has a 52 week low of $7.30 and a 52 week high of $10.37. The firm’s 50 day moving average is $8.25 and its 200 day moving average is $8.46.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last posted its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Fifth Street Senior Floating Rate Corp. had a return on equity of 7.29% and a net margin of 30.81%. The firm had revenue of $12.03 million during the quarter. Equities research analysts anticipate that Fifth Street Senior Floating Rate Corp. will post $0.74 EPS for the current year.

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Several equities analysts have recently weighed in 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 Monday, July 17th. Deutsche Bank AG reiterated a “hold” rating and issued a $9.25 price objective (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research note on Tuesday, July 18th. BidaskClub cut shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, July 17th. Maxim Group reiterated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research note on Thursday. Finally, TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research note on Monday, June 12th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.25.

About Fifth Street Senior Floating Rate Corp.

Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments while seeking to preserve its capital.

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Institutional Ownership by Quarter for Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)

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