(NASDAQ:FSFR) shares saw light trading volume with 0 shares changing hands on Tuesday. Overall, volume was down 100.00% under the stocks normal daily volume. Investors are feeling more bullish on Fifth Street Senior Floating Ra recently if you consider the decrease in short interest. The company experienced a fall in short interest of -16.25% between September 29, 2017 and October 13, 2017. Short shares fell from 241,101 to 201,922 over that timeframe.
These funds have shifted positions in (FSFR). As of the end of the quarter National Asset Management, Inc. had bought a total of 1,294 shares growing its position 4.0%. The value of the investment in FSFR went from $288,000 to $277,000 a change of 3.8% quarter over quarter. Two Sigma Advisers, Lp downsized its holdings by shedding 13,100 shares a decrease of 7.9%. Two Sigma Advisers, Lp claims 152,126 shares worth $1,240,000. The value of the position overall is down by 14.9%.
As of quarter end Ubs Group Ag had acquired 12,721 shares growing its holdings by 12.1%. The value of the total investment in Fifth Street Senior Floating Ra increased from $929,000 to $962,000 a change of $33,000 for the reporting period. As of quarter end Acadian Asset Management LLC had acquired a total of 73,382 shares growing its stake by 50.4%. The value in dollars increased from $1,186,000 to $1,927,000 increasing 62.5% quarter to quarter.
July 18 investment analysts at Deutsche Bank made no change to the company rating of “Buy” and lowered the price target to $9.30 from $10.00.
The company is now down from yesterday’s close of $8.84. Additionally Fifth Street Senior Floating Ra recently declared a dividend to be paid on Friday December 29th, 2017. The dividend payment will be $0.208 per share for the quarter which comes to $0.83 on an annualized basis. This dividend amount will represent a yield of $10.92. The ex-dividend date is set for Thursday the 14th of September 2017.
It is currently trading at $8.84 barely above the 50 day moving average which is $8.83 and just above the 200 day moving average of $8.31. The 50 day moving average moved up $0.01 and the 200 day average went up $0.53 or +6.33%.
Fifth Street Senior Floating Rate Corp., launched on May 22, 2013, is a closed-end, non-diversified management investment company. The Company operates as a specialty finance company. The Business’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. The Company invests in portfolio companies primarily in the form of senior loans. The Company invests in senior secured loans, including first lien, unitranche and second lien debt instruments. The Company may also invest in unsecured loans, including subordinated loans, issued by private middle market companies, and senior and subordinated loans issued by public companies and equity investments. The senior loans that the Company targets have final maturities of 4 to 7 years..Advertisement