BidaskClub cut shares of Fifth Street Finance Corp. (NASDAQ:FSC) from a hold rating to a sell rating in a report issued on Thursday morning.

Other analysts also recently issued reports about the company. BMO Capital Markets restated a hold rating and set a $4.00 price objective on shares of Fifth Street Finance Corp. in a report on Tuesday, April 11th. Zacks Investment Research upgraded Fifth Street Finance Corp. from a sell rating to a hold rating in a report on Monday, July 17th. JMP Securities upgraded 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. Keefe, Bruyette & Woods reiterated a hold rating and issued a $4.75 price target on shares of Fifth Street Finance Corp. in a report on Friday, June 30th. Finally, National Securities reiterated a neutral rating and issued a $4.00 price target on shares of Fifth Street Finance Corp. in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $5.68.

Fifth Street Finance Corp. (NASDAQ:FSC) traded down 0.56% on Thursday, hitting $5.30. The stock had a trading volume of 743,584 shares. The company’s 50-day moving average price is $4.66 and its 200 day moving average price is $4.65. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $6.32.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings data on Wednesday, May 10th. The credit services provider reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.02. The firm had revenue of $45.56 million for the quarter, compared to analyst estimates of $50.76 million. Fifth Street Finance Corp. had a positive return on equity of 8.83% and a negative net margin of 33.60%. On average, equities research analysts expect that Fifth Street Finance Corp. will post $0.56 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in FSC. Paloma Partners Management Co increased its stake in shares of Fifth Street Finance Corp. by 1.2% in the first quarter. Paloma Partners Management Co now owns 224,289 shares of the credit services provider’s stock valued at $1,036,000 after buying an additional 2,700 shares in the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of Fifth Street Finance Corp. by 7.0% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 44,635 shares of the credit services provider’s stock valued at $206,000 after buying an additional 2,921 shares in the last quarter. Marquette Asset Management Inc. increased its stake in shares of Fifth Street Finance Corp. by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 42,483 shares of the credit services provider’s stock valued at $206,000 after buying an additional 3,680 shares in the last quarter. Global X Management Co. LLC increased its stake in shares of Fifth Street Finance Corp. by 51.4% in the first quarter. Global X Management Co. LLC now owns 21,651 shares of the credit services provider’s stock valued at $100,000 after buying an additional 7,352 shares in the last quarter. Finally, Creative Planning increased its stake in shares of Fifth Street Finance Corp. by 66.9% in the second quarter. Creative Planning now owns 22,868 shares of the credit services provider’s stock valued at $111,000 after buying an additional 9,163 shares in the last quarter. Hedge funds and other institutional investors own 29.94% of the company’s stock.

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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