Creative Planning increased its position in shares of Fifth Street Finance Corp. (NASDAQ:FSC) by 66.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,868 shares of the credit services provider’s stock after buying an additional 9,163 shares during the period. Creative Planning’s holdings in Fifth Street Finance Corp. were worth $111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Management Co. LLC boosted its position in shares of 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. Founders Financial Securities LLC bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth about $136,000. Comerica Bank bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth about $156,000. Ameriprise Financial Inc. bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth about $187,000. Finally, Karp Capital Management Corp bought a new position in shares of Fifth Street Finance Corp. during the first quarter worth about $204,000. 30.07% of the stock is owned by institutional investors.

Fifth Street Finance Corp. (NASDAQ FSC) traded up 0.18% during midday trading on Thursday, reaching $5.43. The company’s stock had a trading volume of 135,938 shares. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $6.32. The firm has a 50 day moving average of $5.16 and a 200 day moving average of $4.63.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. The company had revenue of $44.92 million during the quarter, compared to analyst estimates of $43.35 million. Equities research analysts expect that Fifth Street Finance Corp. will post $0.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.23%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is presently -15.38%.

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A number of equities analysts have issued reports on FSC shares. Zacks Investment Research cut Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Keefe, Bruyette & Woods set a $5.00 target price on Fifth Street Finance Corp. and gave the stock a “hold” rating in a report on Wednesday, May 10th. Deutsche Bank AG cut Fifth Street Finance Corp. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $5.50 to $4.75 in a report on Monday, May 15th. National Securities restated a “neutral” rating and set a $4.00 target price on shares of Fifth Street Finance Corp. in a report on Monday, May 15th. Finally, TheStreet cut Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.68.

About Fifth Street Finance Corp.

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.

Institutional Ownership by Quarter for Fifth Street Finance Corp. (NASDAQ:FSC)

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