Fifth Street Finance Corp. (FSC) Earns News Sentiment Rating of 0.18
News headlines about Fifth Street Finance Corp. (NASDAQ:FSC) have been trending somewhat positive on Sunday, Accern reports. Accern identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fifth Street Finance Corp. earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the credit services provider an impact score of 90 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Very High Dividend yield to Focus: Fifth Street Finance Corp. (FSC) keep up yield of 11.99% – Analysts Buzz (analystsbuzz.com)
- Fifth Street Finance Corp. (FSC) Trades at 52-Week High – Highlight … – Highlight Press (highlightpress.com)
- Fifth Street Finance Corp. (FSC) Hits 52-Week High – Highlight Press (highlightpress.com)
- Fifth Street Asset Management I (FSAM) Saw a 52-Week High – Highlight Press (highlightpress.com)
- Fifth Street Finance Corp. (FSC) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
Several research analysts have commented on the company. TheStreet lowered Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research report on Wednesday, June 14th. National Securities reaffirmed a “neutral” rating and set a $4.00 price target on shares of Fifth Street Finance Corp. in a research report on Monday, May 15th. Deutsche Bank AG lowered Fifth Street Finance Corp. from a “buy” rating to a “hold” rating and cut their price target for the stock from $5.50 to $4.75 in a research report on Monday, May 15th. Keefe, Bruyette & Woods set a $5.00 price target on Fifth Street Finance Corp. and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Fifth Street Finance Corp. currently has an average rating of “Hold” and a consensus price target of $4.88.
Fifth Street Finance Corp. (FSC) opened at 3.94 on Friday. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $6.32. The stock has a 50 day moving average price of $4.18 and a 200-day moving average price of $4.76.
Fifth Street Finance Corp. (NASDAQ:FSC) last released its earnings results 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. Fifth Street Finance Corp. had a positive return on equity of 8.83% and a negative net margin of 33.60%. The firm had revenue of $45.56 million for the quarter, compared to the consensus estimate of $50.76 million. Equities research analysts anticipate that Fifth Street Finance Corp. will post $0.57 earnings per share for the current fiscal year.
In related news, major shareholder Leonard M. Tannenbaum purchased 368,073 shares of the business’s stock in a transaction that occurred on Wednesday, March 29th. The shares were acquired at an average price of $4.74 per share, with a total value of $1,744,666.02. Following the acquisition, the insider now owns 15,512,816 shares in the company, valued at approximately $73,530,747.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Leonard M. Tannenbaum purchased 655,850 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was bought at an average cost of $4.67 per share, for a total transaction of $3,062,819.50. The disclosure for this purchase can be found here. Company insiders own 0.12% 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.
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