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 Monday. The firm presently has a $10.00 target price on the investment management company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.25% from the stock’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. “

A number of other equities research analysts also recently commented on the stock. Maxim Group restated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research report on Thursday, August 10th. Deutsche Bank AG reiterated 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 research report on Tuesday, July 18th. BidaskClub downgraded 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. Finally, TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research report on Monday, June 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Fifth Street Senior Floating Rate Corp. currently has an average rating of “Hold” and a consensus target price of $9.63.

Shares of Fifth Street Senior Floating Rate Corp. (FSFR) traded down 0.56% during trading on Monday, hitting $8.83. The company had a trading volume of 29,990 shares. The stock’s 50-day moving average is $8.70 and its 200 day moving average is $8.31. Fifth Street Senior Floating Rate Corp. has a 52-week low of $7.30 and a 52-week high of $10.37.

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

COPYRIGHT VIOLATION NOTICE: “Fifth Street Senior Floating Rate Corp. (FSFR) Lifted to “Buy” at Zacks Investment Research” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/25/fifth-street-senior-floating-rate-corp-fsfr-lifted-to-buy-at-zacks-investment-research.html.

Several hedge funds have recently bought and sold shares of FSFR. Russell Investments Group Ltd. acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 1st quarter valued at approximately $647,000. Stifel Financial Corp lifted its position in shares of Fifth Street Senior Floating Rate Corp. by 45.2% during the 1st quarter. Stifel Financial Corp now owns 36,388 shares of the investment management company’s stock valued at $319,000 after acquiring an additional 11,333 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 1st quarter valued at approximately $496,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 1st quarter valued at approximately $119,000. Finally, Greenwich Investment Management Inc. acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. during the 1st quarter valued at approximately $1,575,000. Institutional investors 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.

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.