ibusinesslines.com
ibusinesslines.com November 22, 2017


Fifth Street Senior Floating Rate Corp

17 July 2017, 02:12 | Jodi Jackson

(NASDAQ:FSC). According to the most recently released broker notes, 0 analysts have a rating of "strong buy" on the stock, 0 analysts "buy", 9 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". They now have a $4.75 price target on the credit services provider's stock. TheStreet lowered shares of Fifth Street Finance Corp. from a c- rating to a d+ rating in a research report on Wednesday, June 14th. Marquette Asset Management Inc. bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth $179,000.

02/10/2016 - Fifth Street Finance Corp. had its " rating reiterated by analysts at Barclays.

In company news, Patriot National ( PN ) jumped out to more than a 28% gain on Friday, topping out at $2.40 a share today after the insurance technology and analysis consultant said it was promoting the head of its Patriot Underwriters unit to chief executive officer following the resignation of company founder Steven Mariano from the post last night. UBS Group AG now owns 621,372 shares of the investment management company's stock worth $5,480,000 after buying an additional 119,438 shares during the period. LLC increased its stake in Fifth Street Finance Corp.by 51.4% in the first quarter. (NASDAQ:FSFR) recorded a trading volume of 1.2 million shares, above its 90-day volume average of 0.11 million shares.

Shares of Fifth Street Senior Floating Rate Corp. (FSC) traded up 16.49% during trading on Friday, reaching $5.44. Fifth Street Senior Floating Rate has a 1 year low of $7.30 has a 1 year high of $10.37.

It is trading at $8.76 which is a tad above $7.69, the 50 day moving average and which is marginally over the 200 day moving average of $8.58.

Fifth Street Senior Floating Rate Corp. had a return on equity of 7.29% and a net margin of 30.81%. (NASDAQ:FSFR) last issued its quarterly earnings results on Wednesday, May 10th. The company had revenue of $45.56 million during the quarter, compared to analysts' expectations of $50.76 million. Fifth Street Finance Corp. Fifth Street Senior Floating Rate Corp. posted earnings of $0.21 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 14.3%.


ILLEGAL ACTIVITY NOTICE: "Fifth Street Senior Floating Rate Corp. (NASDAQ:FSC)" was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this news story on another publication, it was stolen and reposted in violation of global trademark and copyright legislation. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/positive-news-coverage-extremely-likely-to-impact-fifth-street-finance-corp-fsc-stock-price/1210591.html.

FSC has been the topic of a number of research analyst reports. The company's market capitalization is $258.13 million. Zacks Investment Research downgraded Fifth Street Finance Corp. from a hold rating to a sell rating in a report on Tuesday, May 2nd. Finally, Maxim Group cut Fifth Street Senior Floating Rate Corp. from a "buy" rating to a "hold" rating in a report on Thursday, April 6th.

02/10/2016 - Fifth Street Finance Corp. was downgraded to " by analysts at JP Morgan.

Several other equities analysts have also weighed in on the stock.

UBS lowered the price target and downgraded the stock on June 26 changing the price objective from $13.00 to $9.50 and altering the rating from "Buy" to "Neutral". The Company operates as a specialty finance company.

Fifth Street Senior Floating Rate Corp.is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC).



Other News

Trending Now

Europol and Spanish police arrest 66 in horsemeat scandal
Other charges brought against those arrested were perverting the course of justice and committing crimes against public health . The case was linked to the 2013 horsemeat scandal in which Irish authorities detected horsemeat being sold in beef products.

Chelsea & Man City tank Arsenal's Thomas Lemar hopes
But Lemar has had his head well and truly turned by Arsenal's interest and is prepared to force his dream move over the line and demand to be sold if Monaco play hard ball.

Communal violence over cow protection must be curbed sternly: Modi
Opposition parties have attacked the BJP over the cases of cow vigilantism, in which Muslims and Dalits have often been targeted. It is widely believed that the Prime Minister has come on the forefront after sensing the mood of the Opposition parties.

Build your own E-Pace
When the 2018 Jaguar E-PACE lands locally in the second quarter of next year the range is expected to top out at about $84,000. The E-Pace set the new record of 270-degree corkscrew-like "barrel roll" jump when it covered a distance of 15.3 m / 50 feet.

Chelsea's Diego Costa parties in Atletico Madrid jersey
The Blues are said to want £30 million for Costa this summer and they "expect Atletico to meet their asking price shortly". Costa then responded to his fellow Spanish worldwide by telling him to "give Costa a hug".

Martina Hingis and Jamie Murray win mixed doubles title at Wimbledon
After Hingis held to love, the pair saved three break points to serve out for the title. Like, I knew I could do well with her.

Confirmed: Meizu to Unveil the Flagship PRO 7 on July 26
As we told you on Sunday, the buzz around the water cooler has the phone priced at the equivalent of $480 United States dollars . The secondary display is certainly interesting, and we'll know more about what Meizu's plans for the device next week.