Airain ltd purchased a new stake in shares of Fifth Street Finance Corp. (NASDAQ:FSC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 31,742 shares of the credit services provider’s stock, valued at approximately $154,000.

A number of other institutional investors have also recently made changes to their positions in FSC. LSV Asset Management boosted its stake in Fifth Street Finance Corp. by 6.3% during the first quarter. LSV Asset Management now owns 660,660 shares of the credit services provider’s stock valued at $3,052,000 after buying an additional 39,200 shares during the last quarter. Comerica Bank purchased a new stake in Fifth Street Finance Corp. during the first quarter valued at approximately $156,000. Gabelli Funds LLC raised its position in Fifth Street Finance Corp. by 3.6% during the first quarter. Gabelli Funds LLC now owns 312,704 shares of the credit services provider’s stock valued at $1,445,000 after purchasing an additional 10,788 shares during the period. Karp Capital Management Corp purchased a new stake in Fifth Street Finance Corp. during the first quarter valued at approximately $204,000. Finally, Ameriprise Financial Inc. purchased a new stake in Fifth Street Finance Corp. during the first quarter valued at approximately $187,000. 32.76% of the stock is owned by institutional investors.

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Shares of Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.45 on Tuesday. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $5.95. The stock has a 50 day moving average price of $5.39 and a 200 day moving average price of $4.68.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders 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 dividend yield of 9.17%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is presently -15.38%.

A number of equities research analysts have issued reports on FSC shares. ValuEngine upgraded Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Deutsche Bank AG upgraded Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and upped their price objective for the company from $4.75 to $6.00 in a research report on Tuesday, July 18th. TheStreet downgraded Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research report on Wednesday, June 14th. National Securities upgraded Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and upped their price objective for the company from $4.00 to $7.00 in a research report on Tuesday, July 18th. Finally, Zacks Investment Research downgraded Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $5.68.

Fifth Street Finance Corp. 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.

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

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