Fifth Street Finance Corp. (NASDAQ:FSC) CEO Bernard D. Berman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $5.43, for a total transaction of $108,600.00. Following the completion of the sale, the chief executive officer now owns 35,968 shares of the company’s stock, valued at approximately $195,306.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.62 on Friday. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.91. The company’s 50 day moving average is $5.43 and its 200 day moving average is $4.80.

Fifth Street Finance Corp. (NASDAQ:FSC) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share 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 analysts’ expectations 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, analysts expect that Fifth Street Finance Corp. will post $0.56 earnings per share 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 issued a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 8.90%. Fifth Street Finance Corp.’s payout ratio is currently -288.46%.

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A number of hedge funds have recently added to or reduced their stakes in the business. WFG Advisors LP raised its holdings in Fifth Street Finance Corp. by 61.3% during the second 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 in the last quarter. Strategic Wealth Advisors Group LLC acquired a new stake in Fifth Street Finance Corp. during the second quarter worth approximately $381,000. PVG Asset Management Corp acquired a new stake in Fifth Street Finance Corp. during the second quarter worth approximately $7,915,000. Ares Management LLC raised its holdings in Fifth Street Finance Corp. by 1.2% during the second 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 in the last quarter. Finally, Shelton Capital Management raised its holdings in Fifth Street Finance Corp. by 39.2% during the second 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 in the last quarter. 32.76% of the stock is currently owned by institutional investors.

Several equities research analysts have recently commented on FSC shares. TheStreet lowered shares of Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a report on Wednesday, June 14th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $4.75 price target on shares of Fifth Street Finance Corp. in a report on Friday, June 30th. JMP Securities upgraded shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price target for the company in a report on Monday, July 17th. Zacks Investment Research upgraded shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a report on Monday, July 17th. Finally, Deutsche Bank AG upgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $4.75 to $6.00 in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Fifth Street Finance Corp. presently has a consensus rating of “Hold” and a consensus target price of $5.54.

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.

Insider Buying and Selling by Quarter for Fifth Street Finance Corp. (NASDAQ:FSC)

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