Shares of Fifth Street Finance Corp. (NASDAQ:FSC) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.54.

FSC has been the subject of a number of research analyst reports. TheStreet cut shares of Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research report on Wednesday, June 14th. National Securities raised shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $4.00 to $7.00 in a research report on Tuesday, July 18th. Deutsche Bank AG raised shares of Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $4.75 to $6.00 in a research report on Tuesday, July 18th. ValuEngine raised shares of 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 shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th.

In related news, CEO Bernard D. Berman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $5.43, for a total value of $108,600.00. Following the completion of the transaction, the chief executive officer now owns 35,968 shares of the company’s stock, valued at $195,306.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of FSC. Comerica Bank acquired a new position in Fifth Street Finance Corp. during the first quarter worth about $156,000. Karp Capital Management Corp acquired a new position in Fifth Street Finance Corp. during the first quarter worth about $204,000. Ameriprise Financial Inc. acquired a new position in Fifth Street Finance Corp. during the first quarter worth about $187,000. Trexquant Investment LP raised its stake in Fifth Street Finance Corp. by 84.4% during the first quarter. Trexquant Investment LP now owns 82,710 shares of the credit services provider’s stock worth $382,000 after acquiring an additional 37,860 shares in the last quarter. Finally, Oxford Asset Management acquired a new position in Fifth Street Finance Corp. during the first quarter worth about $303,000. 32.76% of the stock is owned by hedge funds and other institutional investors.

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Fifth Street Finance Corp. (NASDAQ:FSC) traded up 1.81% during mid-day trading on Friday, hitting $5.62. 897,994 shares of the company traded hands. Fifth Street Finance Corp. has a one year low of $3.90 and a one 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 released its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share for the quarter, beating 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 business had revenue of $44.92 million during the quarter, compared to analysts’ expectations of $43.35 million. On average, equities analysts anticipate that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date of this dividend is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is presently -288.46%.

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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