LSV Asset Management raised its holdings in Fifth Street Finance Corp. (NASDAQ:FSC) by 73.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,145,091 shares of the credit services provider’s stock after purchasing an additional 484,431 shares during the quarter. LSV Asset Management’s holdings in Fifth Street Finance Corp. were worth $5,565,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Muzinich & Co. Inc. grew its stake in shares of 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 valued at $31,319,000 after buying an additional 3,650,684 shares in the last quarter. Morgan Stanley grew its stake in shares of Fifth Street Finance Corp. by 104.5% in the first quarter. Morgan Stanley now owns 1,539,829 shares of the credit services provider’s stock valued at $7,114,000 after buying an additional 786,975 shares in the last quarter. Marshall Wace North America L.P. grew its stake in shares of Fifth Street Finance Corp. by 574.9% in the second quarter. Marshall Wace North America L.P. now owns 350,553 shares of the credit services provider’s stock valued at $1,753,000 after buying an additional 298,609 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Fifth Street Finance Corp. in the second quarter valued at $1,280,000. Finally, Clear Harbor Asset Management LLC acquired a new stake in shares of Fifth Street Finance Corp. in the second quarter valued at $1,050,000. Institutional investors own 32.76% of the company’s stock.

Fifth Street Finance Corp. (FSC) opened at 5.32 on Monday. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.95. The company’s 50-day moving average price is $5.40 and its 200 day moving average price is $4.71.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $0.14 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 company had revenue of $44.92 million for the quarter, compared to analyst estimates of $43.35 million. On average, equities research analysts anticipate that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 9.40%. The ex-dividend date of this dividend is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is presently -288.46%.

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. TheStreet raised Fifth Street Finance Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, September 6th. ValuEngine raised Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. National Securities raised Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $4.00 to $7.00 in a research note on Tuesday, July 18th. Finally, Deutsche Bank AG raised Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.75 to $6.00 in a research note on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Fifth Street Finance Corp. currently has an average rating of “Hold” and a consensus target price of $5.68.

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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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