Fifth Street Senior Floating Rate Corp. (FSFR) Stake Increased by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. raised its position in Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) by 138.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,150 shares of the investment management company’s stock after acquiring an additional 18,650 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Fifth Street Senior Floating Rate Corp. were worth $262,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FSFR. Muzinich & Co. Inc. lifted its stake in shares of Fifth Street Senior Floating Rate Corp. by 358.4% in the 1st 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. Greenwich Investment Management Inc. acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. in the 1st quarter worth $1,575,000. UBS Group AG lifted its stake in shares of Fifth Street Senior Floating Rate Corp. by 23.8% in the 1st 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. Russell Investments Group Ltd. acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. in the 1st quarter worth $647,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fifth Street Senior Floating Rate Corp. in the 1st quarter worth $496,000. Institutional investors own 23.29% of the company’s stock.

Several analysts have recently commented on FSFR shares. Zacks Investment Research upgraded shares of Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Friday, September 8th. TheStreet upgraded shares of Fifth Street Senior Floating Rate Corp. from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Maxim Group restated a “hold” rating on shares of Fifth Street Senior Floating Rate Corp. in a research note on Thursday, August 10th. Deutsche Bank AG restated a “hold” rating and issued a $9.25 target price (up previously from $8.50) on shares of Fifth Street Senior Floating Rate Corp. in a research note on Tuesday, July 18th. Finally, BidaskClub cut shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “strong sell” rating in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $9.63.

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Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.74 on Tuesday. Fifth Street Senior Floating Rate Corp. has a 1-year low of $7.30 and a 1-year high of $10.37. The stock has a 50 day moving average of $8.69 and a 200 day moving average of $8.32.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 8.70%. The ex-dividend date is Thursday, September 14th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is 161.71%.

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.

Institutional Ownership by Quarter for Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR)

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