Fifth Street Senior Floating Rate Corp. (FSFR): Leonard M Tannenbaum , 10% owner of Fifth Street Senior Floating Rate Corp. purchased 865,868 shares on Sep 13, 2016. The Insider buying transaction was reported by the company on Sep 14, 2016 to the Securities and Exchange Commission. The shares were purchased at $8.52 per share for a total value of $7,377,195.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, Leonard M Tannenbaum (10% owner) purchased 111,156 shares at $8.91 per share price.On Sep 2, 2016, Richard W. Cohen (director) purchased 2,000 shares at $8.81 per share price.Also, On Mar 3, 2016, Douglas F Ray (director) purchased 5,000 shares at $7.74 per share price.On Feb 26, 2016, Todd Owens (President) purchased 20,000 shares at $7.30 per share price.
Fifth Street Senior Floating Rate Corp: On Monday, Sep 12, 2016 heightened volatility was witnessed in Fifth Street Senior Floating Rate Corp which led to swings in the share price. The shares opened for trading at $8.58 and hit $8.74 on the upside , eventually ending the session at $8.69, with a gain of 0.46% or 0.04 points. The heightened volatility saw the trading volume jump to 84,479 shares. The 52-week high of the share price is $9.1 and the company has a market cap of $256 M . The 52-week low of the share price is at $6.53.
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.