Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank AG in a note issued to investors on Tuesday. They presently have a $9.25 price target on the investment management company’s stock, up from their previous price target of $8.50. Deutsche Bank AG’s target price would suggest a potential upside of 3.12% from the stock’s previous close.

Several other brokerages have also commented on FSFR. Zacks Investment Research upgraded Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research report on Monday. BidaskClub lowered Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday. Maxim Group lowered Fifth Street Senior Floating Rate Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, April 6th. Finally, TheStreet upgraded Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research report 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 an average rating of “Hold” and an average target price of $9.25.

Shares of Fifth Street Senior Floating Rate Corp. (FSFR) traded down 0.502% during mid-day trading on Tuesday, hitting $8.925. The stock had a trading volume of 268,922 shares. The firm has a 50 day moving average price of $7.69 and a 200-day moving average price of $8.58. Fifth Street Senior Floating Rate Corp. has a 12 month low of $7.30 and a 12 month high of $10.37.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last announced its earnings results on Wednesday, May 10th. The investment management company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.03. The business had revenue of $11.02 million during the quarter. Fifth Street Senior Floating Rate Corp. had a return on equity of 7.29% and a net margin of 30.81%. On average, equities 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 institutional investors have recently made changes to their positions in FSFR. National Asset Management Inc. purchased a new position in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at approximately $288,000. UBS Group AG raised its position 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 valued at $5,480,000 after buying an additional 119,438 shares during the period. Greenwich Investment Management Inc. purchased a new position in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at approximately $1,575,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Fifth Street Senior Floating Rate Corp. during the first quarter valued at approximately $119,000. Finally, Muzinich & Co. Inc. raised its position in shares of 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 during the period. Hedge funds and other institutional investors own 23.99% of the company’s stock.

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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