Fifth Street Finance Corp. (NASDAQ:FSC)‘s stock had its “hold” rating reissued by analysts at BMO Capital Markets in a research note issued on Friday. They currently have a $4.00 target price on the credit services provider’s stock. BMO Capital Markets’ target price indicates a potential downside of 28.57% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. TheStreet cut 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 raised their target price for the stock from $4.00 to $7.00 in a research report on Tuesday, July 18th. Deutsche Bank AG raised Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and raised their target price for the stock from $4.75 to $6.00 in a research report on Tuesday, July 18th. ValuEngine raised Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research raised Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.54.

Shares of Fifth Street Finance Corp. (NASDAQ FSC) opened at 5.60 on Friday. Fifth Street Finance Corp. has a 52 week low of $3.90 and a 52 week high of $5.91. The stock has a 50 day moving average price of $5.44 and a 200-day moving average price of $4.81.

Fifth Street Finance Corp. (NASDAQ:FSC) last announced its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The business had revenue of $44.92 million for 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%. On average, equities analysts forecast that Fifth Street Finance Corp. will post $0.56 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently modified their holdings of FSC. Comerica Bank bought a new stake in Fifth Street Finance Corp. during the 1st quarter valued at approximately $156,000. Karp Capital Management Corp bought a new stake in Fifth Street Finance Corp. during the 1st quarter valued at approximately $204,000. Ameriprise Financial Inc. bought a new stake in Fifth Street Finance Corp. during the 1st quarter valued at approximately $187,000. Oxford Asset Management bought a new stake in Fifth Street Finance Corp. during the 1st quarter valued at approximately $303,000. Finally, Legal & General Group Plc raised its stake in Fifth Street Finance Corp. by 3.6% during the 1st quarter. Legal & General Group Plc now owns 341,991 shares of the credit services provider’s stock valued at $1,578,000 after purchasing an additional 11,798 shares during the period. 32.76% of the stock is currently owned by institutional investors.

Fifth Street Finance Corp. Company 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.

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

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