Shares of Fifth Street Finance Corp. (NASDAQ:FSC) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $5.54.

Several equities analysts recently issued reports on the company. Maxim Group reissued a “hold” rating on shares of Fifth Street Finance Corp. in a research report on Thursday, August 10th. Zacks Investment Research downgraded Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. ValuEngine raised Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. National Securities reissued a “buy” rating and issued a $7.00 target price on shares of Fifth Street Finance Corp. in a research report on Monday, August 14th. Finally, JMP Securities raised 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 research report on Monday, July 17th.

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A number of institutional investors and hedge funds have recently made changes to their positions in the business. WFG Advisors LP grew its position in Fifth Street Finance Corp. by 61.3% during the 2nd quarter. WFG Advisors LP now owns 49,088 shares of the credit services provider’s stock worth $239,000 after purchasing an additional 18,657 shares during the period. Strategic Wealth Advisors Group LLC acquired a new stake in Fifth Street Finance Corp. during the 2nd quarter worth about $381,000. PVG Asset Management Corp acquired a new stake in Fifth Street Finance Corp. during the 2nd quarter worth about $7,915,000. Ares Management LLC grew its position in Fifth Street Finance Corp. by 1.2% during the 2nd quarter. Ares Management LLC now owns 2,152,605 shares of the credit services provider’s stock worth $10,461,000 after purchasing an additional 25,000 shares during the period. Finally, Shelton Capital Management grew its position in Fifth Street Finance Corp. by 39.2% during the 2nd quarter. Shelton Capital Management now owns 124,314 shares of the credit services provider’s stock worth $604,000 after purchasing an additional 35,000 shares during the period. 32.76% of the stock is currently owned by institutional investors.

Shares of Fifth Street Finance Corp. (FSC) remained flat at $5.54 during mid-day trading on Tuesday. The company’s stock had a trading volume of 714,312 shares. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $6.24. The stock’s market cap is $780.92 million. The firm has a 50-day moving average of $5.40 and a 200-day moving average of $4.68.

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 (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $44.92 million for the quarter, compared to the consensus estimate of $43.35 million. Equities analysts expect that Fifth Street Finance Corp. will post $0.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.03%. The ex-dividend date of this dividend is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio is currently -15.38%.

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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