Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $9.75 target price on the investment management company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.42% from the company’s current price.

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 equities analysts have also weighed in on FSFR. TheStreet raised shares of Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research report on Monday, June 12th. BidaskClub lowered shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research report on Monday, July 17th. Deutsche Bank AG reaffirmed a “hold” rating and set a $9.25 price objective (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research report on Tuesday, July 18th. Finally, Maxim Group reaffirmed a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. Fifth Street Senior Floating Rate Corp. currently has a consensus rating of “Hold” and an average target price of $9.50.

Fifth Street Senior Floating Rate Corp. (NASDAQ FSFR) traded up 2.44% during midday trading on Tuesday, reaching $8.83. 135,980 shares of the company’s 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 company’s 50-day moving average price is $8.39 and its 200 day moving average price is $8.42.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last issued its quarterly earnings data on Wednesday, August 9th. The investment management company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. The firm had revenue of $12.03 million for the quarter. Fifth Street Senior Floating Rate Corp. had a net margin of 29.89% and a return on equity of 7.27%. Equities analysts anticipate that Fifth Street Senior Floating Rate Corp. will post $0.77 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Fifth Street Senior Floating Rate Corp. (FSFR) Stock Rating Upgraded by Zacks Investment Research” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/08/15/fifth-street-senior-floating-rate-corp-fsfr-stock-rating-upgraded-by-zacks-investment-research-2.html.

A number of institutional investors have recently made changes to their positions in the stock. Muzinich & Co. Inc. increased its position in shares of Fifth Street Senior Floating Rate Corp. by 7.7% in the second quarter. Muzinich & Co. Inc. now owns 1,377,915 shares of the investment management company’s stock valued at $11,230,000 after buying an additional 98,590 shares during the period. Ares Management LLC increased its position in shares of Fifth Street Senior Floating Rate Corp. by 0.4% in the second quarter. Ares Management LLC now owns 805,305 shares of the investment management company’s stock valued at $6,563,000 after buying an additional 3,000 shares during the period. UBS Group AG increased 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. Advisors Asset Management Inc. increased its position in shares of Fifth Street Senior Floating Rate Corp. by 4.8% in the second quarter. Advisors Asset Management Inc. now owns 456,071 shares of the investment management company’s stock valued at $3,717,000 after buying an additional 21,054 shares during the period. Finally, Kennedy Capital Management Inc. bought a new position in shares of Fifth Street Senior Floating Rate Corp. during the second quarter valued at approximately $2,742,000. Institutional investors own 23.54% 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.

Get a free copy of the Zacks research report on Fifth Street Senior Floating Rate Corp. (FSFR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Fifth Street Senior Floating Rate Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Street Senior Floating Rate Corp. and related companies with MarketBeat.com's FREE daily email newsletter.