Fifth Street Finance Corp. (NASDAQ:FSC) has earned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.54.

FSC has been the topic of a number of recent research reports. TheStreet downgraded shares of Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research note on Wednesday, June 14th. National Securities upgraded shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $7.00 in a research report on Tuesday, July 18th. Deutsche Bank AG upgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $4.75 to $6.00 in a report on Tuesday, July 18th. ValuEngine upgraded shares of Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th.

ILLEGAL ACTIVITY NOTICE: “Fifth Street Finance Corp. (FSC) Receives Consensus Rating of “Hold” from Brokerages” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/09/30/fifth-street-finance-corp-fsc-receives-consensus-rating-of-hold-from-brokerages.html.

Several institutional investors have recently made changes to their positions in FSC. Global X Management Co. LLC raised its position in shares of Fifth Street Finance Corp. by 51.4% in the 1st quarter. Global X Management Co. LLC now owns 21,651 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 7,352 shares during the last quarter. Creative Planning raised its position in shares of Fifth Street Finance Corp. by 66.9% in the 2nd quarter. Creative Planning now owns 22,868 shares of the credit services provider’s stock valued at $111,000 after purchasing an additional 9,163 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Fifth Street Finance Corp. in the 2nd quarter valued at approximately $152,000. Airain ltd purchased a new position in shares of Fifth Street Finance Corp. in the 2nd quarter valued at approximately $154,000. Finally, Advisor Group Inc. raised its position in shares of Fifth Street Finance Corp. by 10.6% in the 2nd quarter. Advisor Group Inc. now owns 31,553 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 3,014 shares during the last quarter. 32.76% of the stock is owned by hedge funds and other institutional investors.

Fifth Street Finance Corp. (NASDAQ:FSC) traded up 1.67% during mid-day trading on Friday, reaching $5.47. 943,910 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $5.95. The stock has a 50 day moving average of $5.40 and a 200 day moving average of $4.72.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.14%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is currently -288.46%.

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.

Analyst Recommendations for Fifth Street Finance Corp. (NASDAQ:FSC)

Receive News & Stock Ratings for Fifth Street Finance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Street Finance Corp. and related stocks with our FREE daily email newsletter.