BidaskClub upgraded shares of Fifth Street Finance Corp. (NASDAQ:FSC) from a hold rating to a buy rating in a research report report published on Wednesday.

A number of other equities analysts have also recently weighed in on FSC. Maxim Group restated a hold rating on shares of Fifth Street Finance Corp. in a report on Thursday, August 10th. ValuEngine cut Fifth Street Finance Corp. from a strong-buy rating to a buy rating in a report on Monday, October 2nd. TheStreet upgraded Fifth Street Finance Corp. from a d+ rating to a c rating in a report on Wednesday, September 6th. Zacks Investment Research cut Fifth Street Finance Corp. from a hold rating to a sell rating in a report on Wednesday, August 2nd. Finally, National Securities restated a buy rating and issued a $7.00 price target on shares of Fifth Street Finance Corp. in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Fifth Street Finance Corp. currently has an average rating of Hold and an average target price of $5.54.

Shares of Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.60 on Wednesday. The company has a 50-day moving average of $5.44 and a 200 day moving average of $4.81. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $5.91.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $44.92 million during the quarter, compared to analysts’ expectations 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 research analysts predict that Fifth Street Finance Corp. will post $0.56 earnings per share for the current fiscal year.

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The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is -288.46%.

In other Fifth Street Finance Corp. news, CEO Bernard D. Berman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $5.43, for a total value of $108,600.00. Following the transaction, the chief executive officer now directly owns 35,968 shares of the company’s stock, valued at approximately $195,306.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. 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 in 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 in the last quarter. Stevens Capital Management LP acquired a new position in shares of Fifth Street Finance Corp. in the 2nd quarter valued at approximately $152,000. 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 in the last quarter. Finally, Airain ltd acquired a new position in shares of Fifth Street Finance Corp. in the 2nd quarter valued at approximately $154,000. 32.76% of the stock is currently owned by institutional investors.

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)

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