Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.

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. “

A number of other research analysts have also commented on the company. TheStreet raised Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a report on Monday, June 12th. Deutsche Bank AG reissued a “hold” rating and set a $9.25 price target (up from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a report on Tuesday, July 18th. BidaskClub lowered Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, July 17th. Finally, Maxim Group reissued a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $9.50.

Fifth Street Senior Floating Rate Corp. (FSFR) traded up 0.23% during trading on Thursday, hitting $8.85. 44,257 shares of the stock were exchanged. Fifth Street Senior Floating Rate Corp. has a one year low of $7.30 and a one year high of $10.37. The stock’s 50 day moving average is $8.64 and its 200-day moving average is $8.33.

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

ILLEGAL ACTIVITY WARNING: This news story was first posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/07/fifth-street-senior-floating-rate-corp-fsfr-lowered-to-hold-at-zacks-investment-research.html.

A number of large investors have recently added to or reduced their stakes in FSFR. Muzinich & Co. Inc. grew its holdings in Fifth Street Senior Floating Rate Corp. by 358.4% during the first quarter. Muzinich & Co. Inc. now owns 1,279,325 shares of the investment management company’s stock worth $11,284,000 after acquiring an additional 1,000,231 shares during the period. Kennedy Capital Management Inc. acquired a new position in Fifth Street Senior Floating Rate Corp. during the second quarter worth about $2,742,000. Acadian Asset Management LLC grew its holdings in Fifth Street Senior Floating Rate Corp. by 679.9% during the first quarter. Acadian Asset Management LLC now owns 234,397 shares of the investment management company’s stock worth $2,068,000 after acquiring an additional 204,341 shares during the period. Greenwich Investment Management Inc. acquired a new position in Fifth Street Senior Floating Rate Corp. during the first quarter worth about $1,575,000. Finally, UBS Group AG grew its holdings in Fifth Street Senior Floating Rate Corp. by 23.8% during the first quarter. UBS Group AG now owns 621,372 shares of the investment management company’s stock worth $5,480,000 after acquiring an additional 119,438 shares during the period. 23.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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.