Fifth Street Finance Corp. (NASDAQ:FSC) issued its earnings results on Wednesday. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.01, Bloomberg Earnings reports. Fifth Street Finance Corp. had a negative net margin of 37.21% and a positive return on equity of 8.17%. The business had revenue of $44.92 million during the quarter, compared to analysts’ expectations of $43.35 million.

Fifth Street Finance Corp. (FSC) traded down 0.19% during mid-day trading on Friday, reaching $5.29. 257,288 shares of the company traded hands. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $6.32. The firm’s 50-day moving average is $5.00 and its 200 day moving average is $4.64.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.125 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a yield of 9.43%. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is -15.38%.

Several research analysts have recently issued reports on the stock. Maxim Group restated a “hold” rating on shares of Fifth Street Finance Corp. in a report on Thursday. Zacks Investment Research cut shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. JMP Securities upgraded shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 target price for the company in a report on Monday, July 17th. BidaskClub cut shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $4.75 target price on shares of Fifth Street Finance Corp. in a report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Fifth Street Finance Corp. currently has an average rating of “Hold” and an average price target of $5.68.

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A number of large investors have recently bought and sold shares of FSC. Carroll Financial Associates Inc. boosted its stake in Fifth Street Finance Corp. by 19.6% in the first quarter. Carroll Financial Associates Inc. now owns 251,450 shares of the credit services provider’s stock worth $1,161,000 after buying an additional 41,250 shares during the last quarter. Marquette Asset Management Inc. bought a new stake in Fifth Street Finance Corp. during the first quarter worth about $179,000. DnB Asset Management AS boosted its stake in Fifth Street Finance Corp. by 116.2% in the first quarter. DnB Asset Management AS now owns 139,000 shares of the credit services provider’s stock worth $642,000 after buying an additional 74,700 shares during the last quarter. Founders Financial Securities LLC bought a new stake in Fifth Street Finance Corp. during the first quarter worth about $136,000. Finally, Selway Asset Management boosted its stake in Fifth Street Finance Corp. by 7.2% in the first quarter. Selway Asset Management now owns 237,780 shares of the credit services provider’s stock worth $1,099,000 after buying an additional 16,000 shares during the last quarter. Institutional investors own 29.63% of the company’s stock.

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.

Earnings History for Fifth Street Finance Corp. (NASDAQ:FSC)

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