Today, Fifth Street Senior Floating Rate Corp. (FSFR) Announces Monthly Dividend of $0.08

Today, Fifth Street Senior Floating Rate Corp. (FSFR) Announces Monthly Dividend of $0.08

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) announced a monthly dividend on Wednesday, August 24th. Shareholders of record on Friday, October 14th will be paid a dividend of 0.075 per share by the investment management company on Monday, October 31st. This represents a $0.90 annualized dividend and a yield of 10.23%. The ex-dividend date is Wednesday, October 12th.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.80 on Friday. The firm has a 50-day moving average of $8.68 and a 200 day moving average of $8.16. Fifth Street Senior Floating Rate Corp. has a 12 month low of $6.53 and a 12 month high of $9.10.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last issued its quarterly earnings results on Tuesday, August 9th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.02. Fifth Street Senior Floating Rate Corp. had a positive return on equity of 7.71% and a negative net margin of 23.51%. Analysts predict that Fifth Street Senior Floating Rate Corp. will post $0.87 earnings per share for the current fiscal year.

Several brokerages recently commented on FSFR. Zacks Investment Research downgraded shares of Fifth Street Senior Floating Rate Corp. from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. TheStreet raised shares of Fifth Street Senior Floating Rate Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $9.33.

In related news, major shareholder Leonard M. Tannenbaum purchased 71,758 shares of the company’s stock in a transaction dated Friday, August 19th. The shares were purchased at an average price of $8.50 per share, with a total value of $609,943.00. Following the acquisition, the insider now directly owns 4,004,344 shares in the company, valued at approximately $34,036,924. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Richard W. Cohen purchased 3,000 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were bought at an average cost of $8.54 per share, for a total transaction of $25,620.00. Following the acquisition, the director now owns 43 shares in the company, valued at $367.22. The disclosure for this purchase can be found here. Insiders own 0.18% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Nuveen Fund Advisors LLC bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter worth about $930,000. Janney Montgomery Scott LLC increased its stake in shares of Fifth Street Senior Floating Rate Corp. by 1.8% in the second quarter. Janney Montgomery Scott LLC now owns 37,200 shares of the investment management company’s stock worth $319,000 after buying an additional 666 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter worth about $133,000. Raymond James & Associates bought a new stake in shares of Fifth Street Senior Floating Rate Corp. during the second quarter worth about $115,000. Finally, Citigroup Inc. increased its stake in shares of Fifth Street Senior Floating Rate Corp. by 2.7% in the second quarter. Citigroup Inc. now owns 13,917 shares of the investment management company’s stock worth $111,000 after buying an additional 362 shares during the last quarter. 30.97% of the stock is currently owned by hedge funds and other institutional investors.

About Fifth Street Senior Floating Rate Corp.

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