Revenue Update on Fifth Street Senior Floating Rate Corp(NASDAQ:FSFR)

Fifth Street Senior Floating Rate Corp(NASDAQ:FSFR) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $13.11M. Analysts estimated a revenue of $13.67M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.23.

In a different note, On May 12, 2016, Deutsche Bank said it Maintains its rating on Fifth Street Senior Floating Rate Corp. In the research note, the firm Lowers the price-target to $10.30 per share. The shares have been rated ‘Buy’ by the firm.

Fifth Street Senior Floating Rate Corp (FSFR) made into the market gainers list on Wednesdays trading session with the shares advancing 1.31% or 0.11 points. Due to strong positive momentum, the stock ended at $8.48, which is also near the day’s high of $8.54. The stock began the session at $8.41 and the volume stood at 97,200 shares. The 52-week high of the shares is $9.23 and the 52 week low is $6.53. The company has a current market capitalization of $250 M and it has 2,94,66,768 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 3, 2016, Douglas F Ray (director) purchased 5,000 shares at $7.74 per share price.Also, On Feb 26, 2016, Todd Owens (President) purchased 20,000 shares at $7.30 per share price.On Feb 26, 2016, Bernard D Berman (director) purchased 26,500 shares at $7.34 per share price, according to the Form-4 filing with the securities and exchange commission.

Fifth Street Senior Floating Rate Corp. is the United States-based closed-end non-diversified management investment company. The Company’s investment objective is to maximize its portfolio’s total return by generating income from its debt investments while seeking to preserve its capital. The Company invests in senior secured loans including first lien unitranche and second lien debt instruments. The Company also invests in senior unsecured loans issued by private middle market companies and subordinated loans issued by private middle market companies and senior and subordinated loans issued by public companies. Its investment criteria include established companies with a history of positive operating cash flow; strong market presence; private equity sponsorship; seasoned management team; defensible and sustainable business and exit strategy.

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