Somewhat Favorable News Coverage Somewhat Unlikely to Affect Fifth Street Finance Corp. (FSC) Share Price
Media coverage about Fifth Street Finance Corp. (NASDAQ:FSC) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Fifth Street Finance Corp. earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the credit services provider an impact score of 45.7712115329815 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several analysts have recently commented on FSC shares. TheStreet cut Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a report 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 stock from $4.00 to $7.00 in a report 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 stock from $4.75 to $6.00 in a report on Tuesday, July 18th. ValuEngine upgraded Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.54.
Fifth Street Finance Corp. (NASDAQ FSC) opened at 5.60 on Friday. The company has a 50-day moving average price of $5.44 and a 200 day moving average price of $4.81. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $5.91.
Fifth Street Finance Corp. (NASDAQ:FSC) last issued its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share 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 analyst estimates 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%. Analysts expect that Fifth Street Finance Corp. will post $0.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 8.93%. Fifth Street Finance Corp.’s dividend payout ratio is currently -288.46%.
In related news, CEO Bernard D. Berman sold 20,000 shares of the business’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $5.43, for a total transaction of $108,600.00. Following the sale, the chief executive officer now owns 35,968 shares in the company, valued at approximately $195,306.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.
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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