Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) posted its quarterly earnings results on Wednesday. The investment management company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02, Bloomberg Earnings reports. The firm had revenue of $12.03 million during the quarter. Fifth Street Senior Floating Rate Corp. had a return on equity of 7.23% and a net margin of 29.89%.

Fifth Street Senior Floating Rate Corp. (FSFR) traded down 0.46% on Friday, reaching $8.62. The company’s stock had a trading volume of 81,145 shares. 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 price is $8.28 and its 200 day moving average price is $8.46.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.76 dividend on an annualized basis and a yield of 8.78%. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio is 485.12%.

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

Fifth Street Senior Floating Rate Corp. Company Profile

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.

Earnings History for Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)

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