Deutsche Bank AG upgraded shares of Fifth Street Finance Corp. (NASDAQ:FSC) from a hold rating to a buy rating in a research note published on Tuesday, MarketBeat reports. The firm currently has $6.00 price objective on the credit services provider’s stock, up from their prior price objective of $4.75.
FSC has been the topic of a number of other research reports. Zacks Investment Research upgraded Fifth Street Finance Corp. from a sell rating to a hold rating in a report on Monday. JMP Securities upgraded Fifth Street Finance Corp. from a market perform rating to an outperform rating and set a $6.50 target price on the stock in a report on Monday. Keefe, Bruyette & Woods reiterated a hold rating and issued a $4.75 target price on shares of Fifth Street Finance Corp. in a report on Friday, June 30th. TheStreet cut Fifth Street Finance Corp. from a c- rating to a d+ rating in a report on Wednesday, June 14th. Finally, National Securities reiterated a neutral rating and issued a $4.00 target price on shares of Fifth Street Finance Corp. in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Fifth Street Finance Corp. has a consensus rating of Hold and a consensus target price of $5.68.
Fifth Street Finance Corp. (NASDAQ FSC) traded down 1.0581% during trading on Tuesday, reaching $5.6199. 797,343 shares of the company were exchanged. The firm’s 50-day moving average is $4.36 and its 200 day moving average is $4.64. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $6.32.
Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings data on Wednesday, May 10th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.02. Fifth Street Finance Corp. had a positive return on equity of 8.83% and a negative net margin of 33.60%. The business had revenue of $45.56 million for the quarter, compared to analyst estimates of $50.76 million. On average, analysts anticipate that Fifth Street Finance Corp. will post $0.56 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. Trexquant Investment LP boosted its position in shares of Fifth Street Finance Corp. by 84.4% in the first quarter. Trexquant Investment LP now owns 82,710 shares of the credit services provider’s stock worth $382,000 after buying an additional 37,860 shares in the last quarter. Ameriprise Financial Inc. bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth approximately $187,000. Karp Capital Management Corp bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth approximately $204,000. Gabelli Funds LLC boosted its position in shares of Fifth Street Finance Corp. by 3.6% in the first quarter. Gabelli Funds LLC now owns 312,704 shares of the credit services provider’s stock worth $1,445,000 after buying an additional 10,788 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth approximately $156,000. Institutional investors own 29.95% of the company’s stock.
Fifth Street Finance Corp. Company Profile
Fifth Street Finance Corp. is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.
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