Fifth Street Senior Floating Rate Corp. (FSFR) Downgraded by Deutsche Bank AG to Hold

Deutsche Bank AG downgraded shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) from a buy rating to a hold rating in a research note issued to investors on Monday, The Fly reports.

Separately, Zacks Investment Research cut Fifth Street Senior Floating Rate Corp. from a hold rating to a sell rating in a report on Friday, December 16th.

Shares of Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) opened at 8.68 on Monday. Fifth Street Senior Floating Rate Corp. has a 52-week low of $6.75 and a 52-week high of $10.37. The company has a 50-day moving average price of $9.44 and a 200 day moving average price of $8.89.

Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) last released its quarterly earnings data on Thursday, February 9th. The investment management company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.03. Fifth Street Senior Floating Rate Corp. had a net margin of 18.75% and a return on equity of 7.44%. Equities research analysts forecast that Fifth Street Senior Floating Rate Corp. will post $0.89 EPS for the current year.

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The company also recently announced a monthly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.075 per share. This represents a $0.90 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date is Monday, February 13th. Fifth Street Senior Floating Rate Corp.’s dividend payout ratio (DPR) is presently 281.26%.

A number of institutional investors have recently added to or reduced their stakes in the company. Mariner Investment Group LLC boosted its position in Fifth Street Senior Floating Rate Corp. by 67.3% in the second quarter. Mariner Investment Group LLC now owns 255,986 shares of the investment management company’s stock worth $2,038,000 after buying an additional 103,007 shares during the period. Advisors Asset Management Inc. boosted its position in Fifth Street Senior Floating Rate Corp. by 13.3% in the third quarter. Advisors Asset Management Inc. now owns 874,745 shares of the investment management company’s stock worth $7,488,000 after buying an additional 102,732 shares during the period. Susquehanna International Group LLP boosted its position in Fifth Street Senior Floating Rate Corp. by 9.3% in the third quarter. Susquehanna International Group LLP now owns 82,435 shares of the investment management company’s stock worth $706,000 after buying an additional 7,000 shares during the period. Ares Management LLC boosted its position in Fifth Street Senior Floating Rate Corp. by 127.8% in the third quarter. Ares Management LLC now owns 920,910 shares of the investment management company’s stock worth $7,883,000 after buying an additional 516,640 shares during the period. Finally, Rivernorth Capital Management LLC purchased a new position in Fifth Street Senior Floating Rate Corp. during the third quarter worth about $507,000. Hedge funds and other institutional investors own 21.81% 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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