Fifth Street Finance Corp. (NASDAQ:OCSL) had its price target increased by J P Morgan Chase & Co from $5.50 to $6.00 in a research note issued to investors on Wednesday. They currently have a neutral rating on the credit services provider’s stock.

OCSL has been the topic of a number of other research reports. ValuEngine upgraded Fifth Street Finance Corp. from a buy rating to a strong-buy rating in a research report on Friday, September 1st. Zacks Investment Research cut Fifth Street Finance Corp. from a hold rating to a sell rating in a research report on Tuesday, October 10th. BidaskClub upgraded Fifth Street Finance Corp. from a sell rating to a hold rating in a research report on Thursday, July 20th. Keefe, Bruyette & Woods restated a hold rating and issued a $6.00 price target on shares of Fifth Street Finance Corp. in a research report on Monday, October 16th. Finally, National Securities upgraded Fifth Street Finance Corp. from a neutral rating to a buy rating and raised their price target for the stock from $4.00 to $7.00 in a research report on Tuesday, July 18th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $5.79.

Fifth Street Finance Corp. (NASDAQ:OCSL) last issued its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. The company had revenue of $44.92 million for the quarter, compared to analysts’ expectations of $43.35 million.

WARNING: “Fifth Street Finance Corp. (OCSL) Given New $6.00 Price Target at J P Morgan Chase & Co” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this report on another site, it was illegally stolen and reposted in violation of United States and international copyright and trademark legislation. The legal version of this report can be viewed at https://www.watchlistnews.com/fifth-street-finance-corp-ocsl-given-new-6-00-price-target-at-j-p-morgan-chase-co/1674199.html.

The firm also recently disclosed 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 annualized dividend and a yield of 8.61%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is presently -288.46%.

In related news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the firm’s stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $5.56, for a total value of $7,837,409.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Bernard D. Berman sold 20,000 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $5.43, for a total value of $108,600.00. Following the completion of the sale, the chief executive officer now directly owns 35,968 shares in the company, valued at $195,306.24. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

About Fifth Street Finance Corp.

Oaktree Specialty Lending Corporation, formerly 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:OCSL)

Receive News & Ratings for Fifth Street Finance Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fifth Street Finance Corp. and related companies with Analyst Ratings Network's FREE daily email newsletter.