Fifth Street Finance Corp. (NASDAQ:FSC) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $5.54.

A number of equities analysts have recently commented on the stock. Maxim Group reissued a “hold” rating on shares of Fifth Street Finance Corp. in a research note on Thursday. Zacks Investment Research downgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. JMP Securities raised shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 target price on the stock in a research note on Monday, July 17th. BidaskClub downgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $4.75 target price on shares of Fifth Street Finance Corp. in a research note on Friday, June 30th.

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Fifth Street Finance Corp. (NASDAQ:FSC) traded down 0.19% during trading on Friday, hitting $5.29. 430,808 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $5.03 and its 200 day moving average price is $4.64. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $6.32.

Fifth Street Finance Corp. (NASDAQ:FSC) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, beating the Zacks’ 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 8.17%. The business had revenue of $44.92 million for the quarter, compared to the consensus estimate of $43.35 million. Equities analysts forecast that Fifth Street Finance Corp. will post $0.56 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is -15.38%.

A number of large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Fifth Street Finance Corp. by 28.4% in the first quarter. Van ECK Associates Corp now owns 927,017 shares of the credit services provider’s stock worth $4,283,000 after buying an additional 205,284 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in Fifth Street Finance Corp. by 17.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 205,800 shares of the credit services provider’s stock worth $951,000 after buying an additional 30,086 shares during the last quarter. Marquette Asset Management Inc. purchased a new stake in Fifth Street Finance Corp. during the first quarter worth $179,000. DnB Asset Management AS raised 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. Finally, Oxford Asset Management purchased a new stake in Fifth Street Finance Corp. during the first quarter worth $303,000. 29.63% of the stock is owned by institutional investors and hedge funds.

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.

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

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