Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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 have also issued reports on FSFR. BidaskClub lowered Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday. Maxim Group lowered Fifth Street Senior Floating Rate Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. Finally, TheStreet upgraded Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Fifth Street Senior Floating Rate Corp. presently has a consensus rating of “Hold” and a consensus price target of $9.25.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) traded up 2.40% during trading on Monday, hitting $8.97. 652,599 shares of the stock traded hands. Fifth Street Senior Floating Rate Corp. has a 52 week low of $7.30 and a 52 week high of $10.37. The firm’s 50-day moving average price is $7.69 and its 200-day moving average price is $8.58.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.03. Fifth Street Senior Floating Rate Corp. had a return on equity of 7.29% and a net margin of 30.81%. The company had revenue of $11.02 million for the quarter. Analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.74 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in FSFR. Alps Advisors Inc. boosted its stake in shares of Fifth Street Senior Floating Rate Corp. by 8.7% in the fourth quarter. Alps Advisors Inc. now owns 1,000,439 shares of the investment management company’s stock valued at $8,573,000 after buying an additional 79,975 shares during the last quarter. Morgan Stanley boosted its stake in shares of Fifth Street Senior Floating Rate Corp. by 1.9% in the fourth quarter. Morgan Stanley now owns 1,408,209 shares of the investment management company’s stock valued at $12,069,000 after buying an additional 25,690 shares during the last quarter. KEMPER Corp boosted its stake in shares of Fifth Street Senior Floating Rate Corp. by 2.6% in the fourth quarter. KEMPER Corp now owns 400,098 shares of the investment management company’s stock valued at $3,429,000 after buying an additional 10,098 shares during the last quarter. Mangrove Partners boosted its stake in shares of Fifth Street Senior Floating Rate Corp. by 2.5% in the fourth quarter. Mangrove Partners now owns 626,377 shares of the investment management company’s stock valued at $5,368,000 after buying an additional 15,500 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Fifth Street Senior Floating Rate Corp. by 5.1% in the first quarter. JPMorgan Chase & Co. now owns 379,007 shares of the investment management company’s stock valued at $3,005,000 after buying an additional 18,262 shares during the last quarter. Institutional investors own 23.99% of the company’s stock.

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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