GSA Capital Partners LLP lessened its position in Fifth Street Finance Corp. (NASDAQ:FSC) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 577,949 shares of the credit services provider’s stock after selling 6,786 shares during the period. GSA Capital Partners LLP’s holdings in Fifth Street Finance Corp. were worth $2,809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSC. Global X Management Co. LLC raised its position in shares of Fifth Street Finance Corp. by 51.4% during the first quarter. Global X Management Co. LLC now owns 21,651 shares of the credit services provider’s stock worth $100,000 after purchasing an additional 7,352 shares during the period. Creative Planning raised its position in shares of Fifth Street Finance Corp. by 66.9% during the second quarter. Creative Planning now owns 22,868 shares of the credit services provider’s stock worth $111,000 after purchasing an additional 9,163 shares during the period. Stevens Capital Management LP acquired a new stake in shares of Fifth Street Finance Corp. during the second quarter worth $152,000. Airain ltd acquired a new stake in shares of Fifth Street Finance Corp. during the second quarter worth $154,000. Finally, Comerica Bank acquired a new stake in shares of Fifth Street Finance Corp. during the first quarter worth $156,000. 32.76% of the stock is currently owned by institutional investors.

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FSC has been the topic of a number of recent analyst reports. ValuEngine raised Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Deutsche Bank AG raised Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $4.75 to $6.00 in a research report on Tuesday, July 18th. TheStreet lowered Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research report on Wednesday, June 14th. National Securities raised Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $4.00 to $7.00 in a research report on Tuesday, July 18th. Finally, Zacks Investment Research lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.68.

Fifth Street Finance Corp. (NASDAQ FSC) remained flat at $5.30 on Wednesday. 102,211 shares of the company’s stock were exchanged. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $5.95. The firm has a 50 day moving average price of $5.40 and a 200 day moving average price of $4.72.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 9.43%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is presently -288.46%.

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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