Fifth Street Senior Floating Rate Corp Director Purchases $27,940 in Stock (FSFR)
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) Director Bernard D. Berman bought 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $13.97 per share, with a total value of $27,940.00. Following the completion of the acquisition, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $69,850. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) remained flat at $14.00 during during mid-day trading trading on Thursday. 8,270 shares of the company’s stock traded hands. Fifth Street Senior Floating Rate Corp has a one year low of $11.62 and a one year high of $14.50. The stock’s 50-day moving average is $13.69 and its 200-day moving average is $13.62.
Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the 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. Stockholders 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 7.71%. The ex-dividend date is Thursday, June 26th.
Several analysts have recently commented on the stock. 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.75.
Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company.
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