Zacks Investment Research lowered shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) from a buy rating to a hold rating in a report released on Monday.

According to Zacks, “Fifth Street Senior Floating Rate Corp. is a business development company. It invests primarily in senior secured loans, including first lien, unitranche and second lien debt instruments. The Company’s investment objective is to maximize the portfolio’s total return by generating current income from debt investments while seeking to preserve capital. Fifth Street Senior Floating Rate Corp. is based in White Plains, New York. “

Several other research firms also recently weighed in on FSFR. Deutsche Bank AG reissued a hold rating and issued a $9.25 target price (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. BidaskClub downgraded shares of Fifth Street Senior Floating Rate Corp. from a sell rating to a strong sell rating in a research report on Monday, July 17th. Finally, Maxim Group reissued a hold rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $9.50.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.91 on Monday. The firm has a 50-day moving average of $8.83 and a 200 day moving average of $8.31. Fifth Street Senior Floating Rate Corp. has a 1-year low of $7.30 and a 1-year high of $10.37.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last released its earnings results on Wednesday, August 9th. The investment management company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $12.03 million during the quarter. Fifth Street Senior Floating Rate Corp. had a net margin of 29.89% and a return on equity of 7.27%. On average, equities research analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.77 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 8.53%. The ex-dividend date of this dividend was Thursday, September 14th. Fifth Street Senior Floating Rate Corp.’s payout ratio is currently 161.71%.

In other news, CEO Bernard D. Berman sold 7,473 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $8.80, for a total value of $65,762.40. Following the completion of the sale, the chief executive officer now owns 92,027 shares of the company’s stock, valued at approximately $809,837.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.43% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its position in shares of Fifth Street Senior Floating Rate Corp. by 23.8% during the 1st 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 last quarter. National Asset Management Inc. bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 1st quarter valued at about $288,000. Russell Investments Group Ltd. bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 1st quarter valued at about $647,000. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 2nd quarter valued at about $496,000. Finally, Kennedy Capital Management Inc. bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 2nd quarter valued at about $2,742,000. 23.29% of the stock is owned by institutional investors.

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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