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ibusinesslines.com July 28, 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%.


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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).



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