BidaskClub upgraded shares of Fifth Street Finance Corp. (NASDAQ:FSC) from a sell rating to a hold rating in a research report report published on Thursday, July 20th.
Several other equities research analysts also recently commented on FSC. Zacks Investment Research upgraded shares of Fifth Street Finance Corp. from a sell rating to a hold rating in a research note on Wednesday, March 22nd. Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Fifth Street Finance Corp. in a report on Thursday, March 30th. BMO Capital Markets reaffirmed a hold rating and issued a $4.00 price target on shares of Fifth Street Finance Corp. in a report on Tuesday, April 11th. Keefe, Bruyette & Woods set a $5.00 price objective on Fifth Street Finance Corp. and gave the stock a hold rating in a report on Wednesday, May 10th. Finally, Deutsche Bank AG cut Fifth Street Finance Corp. from a buy rating to a hold rating and dropped their price objective for the stock from $5.50 to $4.75 in a report on Monday, May 15th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Fifth Street Finance Corp. has an average rating of Hold and an average price target of $5.68.
Shares of Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.33 on Thursday. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $6.32. The firm’s 50 day moving average is $4.96 and its 200-day moving average is $4.64.
Fifth Street Finance Corp. (NASDAQ:FSC) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Fifth Street Finance Corp. had a negative net margin of 33.60% and a positive return on equity of 8.83%. Equities research analysts anticipate that Fifth Street Finance Corp. will post $0.56 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Paloma Partners Management Co raised its position in shares of Fifth Street Finance Corp. by 1.2% in the first quarter. Paloma Partners Management Co now owns 224,289 shares of the credit services provider’s stock valued at $1,036,000 after buying an additional 2,700 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its position in Fifth Street Finance Corp. by 7.0% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 44,635 shares of the credit services provider’s stock worth $206,000 after buying an additional 2,921 shares during the period. Marquette Asset Management Inc. increased its position in Fifth Street Finance Corp. by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 42,483 shares of the credit services provider’s stock worth $206,000 after buying an additional 3,680 shares during the period. Global X Management Co. LLC increased its position in Fifth Street Finance Corp. by 51.4% in the first quarter. Global X Management Co. LLC now owns 21,651 shares of the credit services provider’s stock worth $100,000 after buying an additional 7,352 shares during the period. Finally, Creative Planning increased its position in Fifth Street Finance Corp. by 66.9% in the second quarter. Creative Planning now owns 22,868 shares of the credit services provider’s stock worth $111,000 after buying an additional 9,163 shares during the period. Institutional investors and hedge funds own 29.63% 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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