Fifth Street Finance Corp. (NASDAQ:FSC)‘s stock had its “hold” rating restated by stock analysts at Maxim Group in a report released on Thursday.

A number of other research analysts have also commented on FSC. Zacks Investment Research lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. JMP Securities raised Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price target on the stock in a report on Monday, July 17th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $4.75 price target on shares of Fifth Street Finance Corp. in a report on Friday, June 30th. Finally, Deutsche Bank AG raised Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and raised their price target for the company from $4.75 to $6.00 in a report on Tuesday, July 18th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Fifth Street Finance Corp. currently has an average rating of “Hold” and a consensus target price of $5.68.

Shares of Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.33 on Thursday. The firm’s 50 day moving average is $4.96 and its 200 day moving average is $4.64. Fifth Street Finance Corp. has a 12 month low of $3.90 and a 12 month high of $6.32.

Fifth Street Finance Corp. (NASDAQ:FSC) last issued its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Fifth Street Finance Corp. had a positive return on equity of 8.83% and a negative net margin of 33.60%. On average, equities analysts forecast that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Muzinich & Co. Inc. raised its position in Fifth Street Finance Corp. by 116.7% in the first quarter. Muzinich & Co. Inc. now owns 6,779,107 shares of the credit services provider’s stock worth $31,319,000 after buying an additional 3,650,684 shares during the last quarter. Oxford Asset Management purchased a new position in Fifth Street Finance Corp. during the first quarter worth about $303,000. Trexquant Investment LP raised its position in 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 during the last quarter. Ameriprise Financial Inc. purchased a new position in Fifth Street Finance Corp. during the first quarter worth about $187,000. Finally, Karp Capital Management Corp purchased a new position in Fifth Street Finance Corp. during the first quarter worth about $204,000. 29.63% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Fifth Street Finance Corp. (NASDAQ:FSC)

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