Fifth Street Finance Corp. Stock Rating Upgraded by Guggenheim (FSC)
Fifth Street Finance Corp. (NYSE:FSC) was upgraded by Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports.
Fifth Street Finance Corp. (NYSE:FSC) traded up 1.44% during mid-day trading on Friday, hitting $9.84. The stock had a trading volume of 1,804,651 shares. Fifth Street Finance Corp. has a 1-year low of $8.94 and a 1-year high of $10.82. The stock’s 50-day moving average is $9.78 and its 200-day moving average is $9.53.
Fifth Street Finance Corp. (NYSE:FSC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by $0.02. Analysts expect that Fifth Street Finance Corp. will post $1.02 EPS for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, November 28th. Stockholders of record on Friday, November 14th will be paid a dividend of $0.0917 per share. This represents a $1.10 annualized dividend and a dividend yield of 11.18%. The ex-dividend date is Wednesday, November 12th.
A number of other firms have also recently commented on FSC. Analysts at JMP Securities initiated coverage on shares of Fifth Street Finance Corp. in a research note on Friday, June 27th. They set a “market perform” rating on the stock. Separately, analysts at SunTrust initiated coverage on shares of Fifth Street Finance Corp. in a research note on Thursday, June 26th. They set a “buy” rating and a $11.00 price target on the stock. Finally, analysts at MLV & Co
initiated coverage on shares of Fifth Street Finance Corp. in a research note on Thursday, May 22nd. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $10.80.
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