Insider Buying: Fifth Street Senior Floating Rate Corp Director Buys 1,000 Shares of Stock (FSFR)
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) Director Brian S. Dunn bought 1,000 shares of Fifth Street Senior Floating Rate Corp stock on the open market in a transaction dated Thursday, February 20th. The shares were purchased at an average cost of $14.17 per share, for a total transaction of $14,170.00. Following the transaction, the director now directly owns 2,000 shares in the company, valued at approximately $28,340. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on FSFR shares. Analysts at JMP Securities initiated coverage on shares of Fifth Street Senior Floating Rate Corp in a research note on Tuesday, December 31st. They set an “outperform” rating and a $15.50 price target on the stock. Analysts at Maxim Group initiated coverage on shares of Fifth Street Senior Floating Rate Corp in a research note on Thursday, December 12th. They set a “buy” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $15.75.
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) traded up 0.14% during mid-day trading on Friday, hitting $14.22. The stock had a trading volume of 6,614 shares. Fifth Street Senior Floating Rate Corp has a 52 week low of $11.62 and a 52 week high of $14.50. The stock’s 50-day moving average is $13.60 and its 200-day moving average is $13.61.
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.03. On average, analysts predict that Fifth Street Senior Floating Rate Corp will post $1.03 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Thursday, June 26th.
Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company.
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