Share on StockTwits

Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) CEO Leonard M. Tannenbaum acquired 225,437 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $12.76 per share, with a total value of $2,876,576.12. Following the completion of the transaction, the chief executive officer now directly owns 602,689 shares in the company, valued at approximately $7,690,312. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) traded down 0.73% during mid-day trading on Tuesday, hitting $12.32. The stock had a trading volume of 578,572 shares. Fifth Street Senior Floating Rate Corp has a 1-year low of $12.11 and a 1-year high of $15.10. The stock’s 50-day moving average is $13.73 and its 200-day moving average is $14.1.

Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) last announced its earnings results on Wednesday, August 13th. The company reported $0.28 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.28. Analysts expect that Fifth Street Senior Floating Rate Corp will post $1.02 EPS for the current fiscal year.

A number of research firms have recently commented on FSFR. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Fifth Street Senior Floating Rate Corp in a research note on Friday. They now have a $14.00 price target on the stock, down previously from $16.50. Separately, analysts at MLV & Co
cut their price target on shares of Fifth Street Senior Floating Rate Corp from $16.00 to $13.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Fifth Street Senior Floating Rate Corp from an “outperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $15.60 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.82.

Fifth Street Senior Floating Rate Corp. is a closed-end, non-diversified management investment company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.