Stocks: Fifth Street Senior Floating Rate Corp (FSFR) Earning Negative Media Coverage, Report Shows

Stocks: Fifth Street Senior Floating Rate Corp (FSFR) Earning Negative Media Coverage, Report Shows

Press coverage about Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) has trended negative this week, according to Alpha One Sentiment. The research firm, a service of Accern, ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fifth Street Senior Floating Rate Corp earned a media sentiment score of -0.26 on Alpha One’s scale. Alpha One also assigned headlines about the investment management company an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the next several days.

These are some of the headlines that may have effected Alpha One Sentiment Analysis’s analysis:

A number of research analysts recently issued reports on FSFR shares. Deutsche Bank AG downgraded Fifth Street Senior Floating Rate Corp from a “buy” rating to a “hold” rating and cut their price objective for the company from $10.00 to $9.25 in a research note on Monday, February 13th. Maxim Group downgraded Fifth Street Senior Floating Rate Corp from a “buy” rating to a “hold” rating in a research note on Thursday, April 6th. Finally, Zacks Investment Research upgraded Fifth Street Senior Floating Rate Corp from a “strong sell” rating to a “hold” rating in a research note on Monday, April 17th.

Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) opened at 7.98 on Friday. Fifth Street Senior Floating Rate Corp has a 52 week low of $7.25 and a 52 week high of $10.37. The company has a market capitalization of $235.14 million, a P/E ratio of 24.55 and a beta of 0.46. The company’s 50 day moving average price is $8.27 and its 200-day moving average price is $8.88.

Fifth Street Senior Floating Rate Corp (NASDAQ:FSFR) last issued its quarterly earnings data on Wednesday, May 10th. The investment management company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by $0.03. Fifth Street Senior Floating Rate Corp had a net margin of 18.75% and a return on equity of 7.44%. The business had revenue of $11.02 million during the quarter. Equities research analysts expect that Fifth Street Senior Floating Rate Corp will post $0.80 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.19 dividend. This is a positive change from Fifth Street Senior Floating Rate Corp’s previous monthly dividend of $0.04. This represents a $2.28 annualized dividend and a yield of 28.57%. The ex-dividend date of this dividend is Tuesday, June 13th. Fifth Street Senior Floating Rate Corp’s dividend payout ratio (DPR) is presently 281.26%.

In other Fifth Street Senior Floating Rate Corp news, CEO Patrick J. Dalton acquired 11,500 shares of the company’s stock in a transaction on Tuesday, February 14th. The shares were bought at an average cost of $8.88 per share, with a total value of $102,120.00. Following the completion of the acquisition, the chief executive officer now owns 11,500 shares in the company, valued at $102,120. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bernard D. Berman acquired 5,000 shares of the company’s stock in a transaction on Friday, March 10th. The stock was acquired at an average cost of $8.77 per share, for a total transaction of $43,850.00. Following the completion of the acquisition, the director now owns 97,000 shares of the company’s stock, valued at approximately $850,690. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 157,867 shares of company stock worth $1,408,768. 0.18% of the stock is owned by corporate insiders.

Fifth Street Senior Floating Rate Corp Company Profile

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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