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 note issued on Friday.

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. “

FSFR has been the topic of several other research reports. TheStreet upgraded Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Deutsche Bank AG reiterated a “hold” rating and set a $9.25 price target (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research note on Tuesday, July 18th. Maxim Group reiterated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research note on Thursday, August 10th. Finally, BidaskClub downgraded Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.63.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) traded up 0.91% on Friday, reaching $8.88. The company’s stock had a trading volume of 71,065 shares. The firm’s 50 day moving average price is $8.70 and its 200-day moving average price is $8.31. Fifth Street Senior Floating Rate Corp. has a 1-year low of $7.30 and a 1-year high of $10.37.

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

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A number of institutional investors have recently bought and sold shares of the business. Muzinich & Co. Inc. grew its stake in Fifth Street Senior Floating Rate Corp. by 7.7% during the 2nd quarter. Muzinich & Co. Inc. now owns 1,377,915 shares of the investment management company’s stock valued at $11,230,000 after purchasing an additional 98,590 shares during the last quarter. Ares Management LLC grew its stake in Fifth Street Senior Floating Rate Corp. by 0.4% during the 2nd quarter. Ares Management LLC now owns 805,305 shares of the investment management company’s stock valued at $6,563,000 after purchasing an additional 3,000 shares during the last quarter. UBS Group AG grew its stake in Fifth Street Senior Floating Rate Corp. by 23.8% during the 1st quarter. UBS Group AG now owns 621,372 shares of the investment management company’s stock valued at $5,480,000 after purchasing an additional 119,438 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Fifth Street Senior Floating Rate Corp. by 4.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 456,071 shares of the investment management company’s stock valued at $3,717,000 after purchasing an additional 21,054 shares during the last quarter. Finally, Kennedy Capital Management Inc. purchased a new stake in Fifth Street Senior Floating Rate Corp. during the 2nd quarter valued at about $2,742,000. Institutional investors and hedge funds own 23.29% 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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