Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $10.00 target price on the investment management company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.51% from the stock’s previous close.

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. “

Other equities analysts have also issued reports about the stock. BidaskClub lowered shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a report on Monday, July 17th. Maxim Group restated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a report on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a $9.25 price objective (up from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a report on Tuesday, July 18th. Finally, TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a report on Monday, June 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Fifth Street Senior Floating Rate Corp. presently has an average rating of “Hold” and an average target price of $9.63.

Shares of Fifth Street Senior Floating Rate Corp. (FSFR) traded down 0.45% during trading on Friday, hitting $8.81. 34,913 shares of the stock were exchanged. The stock’s 50 day moving average price is $8.63 and its 200-day moving average price is $8.34. Fifth Street Senior Floating Rate Corp. has a one year low of $7.30 and a one year high of $10.37.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last posted its earnings results 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 company 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%. Analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.77 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. National Asset Management Inc. lifted its holdings in shares of Fifth Street Senior Floating Rate Corp. by 4.0% in the 2nd quarter. National Asset Management Inc. now owns 33,915 shares of the investment management company’s stock worth $277,000 after acquiring an additional 1,294 shares during the last quarter. Stifel Financial Corp lifted its holdings in shares of Fifth Street Senior Floating Rate Corp. by 6.6% in the 2nd quarter. Stifel Financial Corp now owns 38,788 shares of the investment management company’s stock worth $315,000 after acquiring an additional 2,400 shares during the last quarter. Ares Management LLC lifted its holdings in shares of Fifth Street Senior Floating Rate Corp. by 0.4% in the 2nd quarter. Ares Management LLC now owns 805,305 shares of the investment management company’s stock worth $6,563,000 after acquiring an additional 3,000 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Fifth Street Senior Floating Rate Corp. by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 112,506 shares of the investment management company’s stock worth $917,000 after acquiring an additional 10,336 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Fifth Street Senior Floating Rate Corp. in the 1st quarter worth approximately $119,000. Hedge funds and other institutional investors own 23.29% 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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