Hotchkis & Wiley Capital Management LLC lifted its position in Fifth Street Finance Corp. (NASDAQ:FSC) by 58.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 326,423 shares of the credit services provider’s stock after acquiring an additional 120,623 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Fifth Street Finance Corp. were worth $1,586,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Muzinich & Co. Inc. increased its position in Fifth Street Finance Corp. by 116.7% during the 1st quarter. Muzinich & Co. Inc. now owns 6,779,107 shares of the credit services provider’s stock valued at $31,319,000 after buying an additional 3,650,684 shares in the last quarter. Ares Management LLC increased its position in Fifth Street Finance Corp. by 5.1% during the 1st quarter. Ares Management LLC now owns 2,127,605 shares of the credit services provider’s stock valued at $9,830,000 after buying an additional 103,199 shares in the last quarter. UBS Group AG increased its position in Fifth Street Finance Corp. by 15.3% during the 1st quarter. UBS Group AG now owns 1,637,894 shares of the credit services provider’s stock valued at $7,567,000 after buying an additional 217,799 shares in the last quarter. Morgan Stanley increased its position in Fifth Street Finance Corp. by 104.5% during the 1st quarter. Morgan Stanley now owns 1,539,829 shares of the credit services provider’s stock valued at $7,114,000 after buying an additional 786,975 shares in the last quarter. Finally, Kennedy Capital Management Inc. bought a new position in Fifth Street Finance Corp. during the 2nd quarter valued at approximately $6,289,000. 32.76% of the stock is owned by hedge funds and other institutional investors.

Fifth Street Finance Corp. (FSC) opened at 5.31 on Monday. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.95. The stock has a 50 day moving average price of $5.40 and a 200-day moving average price of $4.71.

Fifth Street Finance Corp. (NASDAQ:FSC) last issued its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $44.92 million for the quarter, compared to the consensus estimate of $43.35 million. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. On average, equities analysts forecast that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.40%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is presently -288.46%.

TRADEMARK VIOLATION WARNING: This piece was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this piece can be viewed at https://www.watchlistnews.com/hotchkis-wiley-capital-management-llc-increases-stake-in-fifth-street-finance-corp-fsc/1570854.html.

Several analysts have commented on FSC shares. TheStreet downgraded Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research note on Wednesday, June 14th. National Securities upgraded Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and increased their target price for the company from $4.00 to $7.00 in a research note on Tuesday, July 18th. Deutsche Bank AG upgraded Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and increased their target price for the company from $4.75 to $6.00 in a research note on Tuesday, July 18th. Zacks Investment Research upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $4.75 target price on shares of Fifth Street Finance Corp. in a research note on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $5.68.

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.

Want to see what other hedge funds are holding FSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Fifth Street Finance Corp. (NASDAQ:FSC).

Institutional Ownership by Quarter for Fifth Street Finance Corp. (NASDAQ:FSC)

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.