Wall Street brokerages expect that Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) will report earnings per share (EPS) of $0.18 for the current quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Fifth Street Senior Floating Rate Corp’s earnings. Fifth Street Senior Floating Rate Corp reported earnings per share of $0.21 during the same quarter last year, which suggests a negative year over year growth rate of 14.3%. The business is expected to issue its next earnings report on Tuesday, August 8th.

On average, analysts expect that Fifth Street Senior Floating Rate Corp will report full-year earnings of $0.74 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $0.76 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Fifth Street Senior Floating Rate Corp.

Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) last released its quarterly earnings data on Wednesday, May 10th. The investment management company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Fifth Street Senior Floating Rate Corp had a net margin of 18.75% and a return on equity of 7.44%. The company had revenue of $11.02 million during the quarter.

A number of research analysts have weighed in on the company. Deutsche Bank AG lowered Fifth Street Senior Floating Rate Corp from a “buy” rating to a “hold” rating and reduced their target price for the company from $10.00 to $9.25 in a report on Monday, February 13th. Zacks Investment Research upgraded Fifth Street Senior Floating Rate Corp from a “strong sell” rating to a “hold” rating in a research report on Monday, April 17th. Finally, Maxim Group downgraded Fifth Street Senior Floating Rate Corp from a “buy” rating to a “hold” rating in a research report on Thursday, April 6th.

In other news, Director Bernard D. Berman bought 5,000 shares of the stock in a transaction on Friday, March 10th. The shares were bought at an average price of $8.77 per share, with a total value of $43,850.00. Following the completion of the acquisition, the director now owns 97,000 shares in the company, valued at $850,690. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its stake in Fifth Street Senior Floating Rate Corp by 358.4% in the first quarter. Muzinich & Co. Inc. now owns 1,279,325 shares of the investment management company’s stock valued at $11,284,000 after buying an additional 1,000,231 shares in the last quarter. UBS Group AG raised its stake in shares of Fifth Street Senior Floating Rate Corp by 23.8% in the first quarter. UBS Group AG now owns 621,372 shares of the investment management company’s stock worth $5,480,000 after buying an additional 119,438 shares during the period. Acadian Asset Management LLC raised its stake in shares of Fifth Street Senior Floating Rate Corp by 679.9% in the first quarter. Acadian Asset Management LLC now owns 234,397 shares of the investment management company’s stock worth $2,068,000 after buying an additional 204,341 shares during the period. Greenwich Investment Management Inc. purchased a new stake in shares of Fifth Street Senior Floating Rate Corp during the first quarter worth $1,575,000. Finally, Arete Wealth Advisors LLC purchased a new stake in shares of Fifth Street Senior Floating Rate Corp during the first quarter worth $1,288,000. 21.81% of the stock is currently owned by hedge funds and other institutional investors.

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Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) opened at 7.80 on Thursday. Fifth Street Senior Floating Rate Corp has a 12-month low of $7.59 and a 12-month high of $10.37. The firm has a 50 day moving average of $8.02 and a 200 day moving average of $8.83.

The company also recently announced a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.19 dividend. This is an increase from Fifth Street Senior Floating Rate Corp’s previous monthly dividend of $0.04. The ex-dividend date is Tuesday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 29.23%. Fifth Street Senior Floating Rate Corp’s dividend payout ratio is currently 281.26%.

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.

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