ibusinesslines.com September 23, 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

Air Products and Chemicals Inc
Stock market analysts watching Air Products and Chemicals, Inc. (DAL) has risen 11.83% since July 14, 2016 and is uptrending. Loring Wolcott & Coolidge Fiduciary Advisors Llp sold 2,325 shares as Air Products & Chemicals Inc (APD)'s stock rose 1.13%.

Sung Hyun Park captures US Women's Open championship
She was also trying to break Lydia Ko's record as the youngest LPGA major victor . "I was putting well on the back nine today". Park, a 23-year-old from South Korea, fired a 5-under 67 to pull away on the back nine and finish 11-under for the tournament.

Demi Lovato & Selena Gomez Praise Each Others New Songs
Accompanying the new track is a video featuring an ultra-close-up of Gomez' face, and well, mouth. "Yes we have [come a long way from "Barney"]", wrote Gomez .

Mets GM says Tim Tebow unlikely to be called up in September
Tebow's goal to make it to the major leagues is a race against time. "In high school, junior year", laughed Tebow . Tebow has hit safely in 11 of his last 13 games for the Mets High-A ball minor league affiliate at Port St.

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.

Hollywood mourns the death of horror icon George A. Romero
When asked about his fascination with zombies , Romero told NPR "In my work, [it's] usually the humans that are the worst". He passed away alongside surviving family members, while the score to one of his favorite movies, The Quiet Man , played.

Clinton N'Jie seals permanent switch from Tottenham Hotspur to Marseille
Tottenham have remained tight on their spending budget this month as the club's new stadium is under construction. They wrote, "We have reached agreement with @ OM_Officiel for the permanent transfer of Clinton Njie ".