Analysts Set Fifth Street Finance Corp. (FSC) PT at $5.54
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.
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.
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