Fifth Street Finance Corp. Plans Quarterly Dividend of $0.13 (FSC)
Fifth Street Finance Corp. (NASDAQ:FSC) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be given a dividend of 0.125 per share by the credit services provider on Friday, December 29th. This represents a $0.50 annualized dividend and a dividend yield of 9.43%. The ex-dividend date of this dividend is Thursday, December 14th.
Fifth Street Finance Corp. (FSC) traded down 0.56% during trading on Thursday, hitting $5.30. 891,186 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $6.32. The firm’s 50-day moving average price is $4.96 and its 200 day moving average price is $4.64.
Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Fifth Street Finance Corp. had a negative net margin of 33.60% and a positive return on equity of 8.83%. The firm 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.
FSC has been the subject of a number of analyst reports. Maxim Group reissued a “hold” rating on shares of Fifth Street Finance Corp. in a research note on Thursday. BidaskClub upgraded shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Zacks Investment Research upgraded shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 17th. JMP Securities upgraded shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price target on the stock in a research report on Monday, July 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.75 price target on shares of Fifth Street Finance Corp. in a research report on Friday, June 30th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.68.
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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