Fifth Street Finance Corp. Downgraded by Gilford Securities to “Neutral” (FSC)
Fifth Street Finance Corp. (NYSE:FSC) was downgraded by analysts at Gilford Securities from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports.
Shares of Fifth Street Finance Corp. (NYSE:FSC) traded down 0.41% on Thursday, hitting $9.76. The stock had a trading volume of 1,292,187 shares. Fifth Street Finance Corp. has a one year low of $8.94 and a one year high of $10.74. The stock’s 50-day moving average is $9.81 and its 200-day moving average is $9.54.
Fifth Street Finance Corp. (NYSE:FSC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ 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 declared a monthly dividend, which is scheduled for Friday, November 28th. Investors of record on Friday, November 14th will be given a dividend of $0.0917 per share. This represents a $1.10 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date of this dividend is Wednesday, November 12th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Guggenheim upgraded shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, August 8th. Separately, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.63.
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