Fifth Street Finance Corp. (NASDAQ:FSC) declared a monthly dividend on Wednesday, August 10th. Investors of record on Friday, October 14th will be given a dividend of 0.06 per share on Monday, October 31st. This represents a $0.72 annualized dividend and a yield of 12.39%. The ex-dividend date of this dividend is Wednesday, October 12th.

Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.81 on Friday. The company has a 50-day moving average price of $5.93 and a 200 day moving average price of $5.40. Fifth Street Finance Corp. has a 1-year low of $4.40 and a 1-year high of $6.53.

Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. Fifth Street Finance Corp. had a positive return on equity of 8.78% and a negative net margin of 25.95%. On average, equities research analysts anticipate that Fifth Street Finance Corp. will post $0.73 EPS for the current year.

FSC has been the topic of a number of research analyst reports. Deutsche Bank AG decreased their target price on Fifth Street Finance Corp. from $6.75 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, August 16th. Zacks Investment Research upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, National Securities reiterated a “neutral” rating and set a $6.00 target price on shares of Fifth Street Finance Corp. in a research report on Thursday, August 11th. Eleven analysts have rated the stock with a hold rating and three have given a buy rating to the company. Fifth Street Finance Corp. presently has an average rating of “Hold” and a consensus price target of $6.41.

In other Fifth Street Finance Corp. news, Director James Castro-Blanco bought 8,250 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was purchased at an average cost of $6.16 per share, for a total transaction of $50,820.00. Following the completion of the purchase, the director now owns 12,300 shares of the company’s stock, valued at approximately $75,768. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.08% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co raised its position in Fifth Street Finance Corp. by 1.8% in the second quarter. Paloma Partners Management Co now owns 225,521 shares of the company’s stock valued at $1,094,000 after buying an additional 3,932 shares during the last quarter. Raymond James & Associates raised its stake in shares of Fifth Street Finance Corp. by 30.2% in the second quarter. Raymond James & Associates now owns 57,351 shares of the company’s stock valued at $278,000 after buying an additional 13,292 shares in the last quarter. Stevens Capital Management LP raised its stake in shares of Fifth Street Finance Corp. by 81.8% in the second quarter. Stevens Capital Management LP now owns 31,614 shares of the company’s stock valued at $153,000 after buying an additional 14,224 shares in the last quarter. Cipher Capital LP raised its stake in shares of Fifth Street Finance Corp. by 105.3% in the second quarter. Cipher Capital LP now owns 34,087 shares of the company’s stock valued at $166,000 after buying an additional 17,486 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Fifth Street Finance Corp. during the second quarter valued at approximately $143,000. Hedge funds and other institutional investors own 32.18% of the company’s stock.

About Fifth Street Finance Corp.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The Company’s investment objective is to maximize the portfolio’s total return by generating current income from the debt investments and capital appreciation from the equity investments.

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