Fifth Street Finance Corp. (NASDAQ:FSC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Several other research firms have also weighed in on FSC. JMP Securities upgraded shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price objective on the stock in a research note on Monday, July 17th. National Securities reiterated a “neutral” rating and set a $4.00 price objective on shares of Fifth Street Finance Corp. in a research note on Monday, May 15th. Deutsche Bank AG upgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $4.75 to $6.00 in a research note on Tuesday, July 18th. TheStreet lowered shares of Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research note on Wednesday, June 14th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $4.75 price objective on shares of Fifth Street Finance Corp. in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Fifth Street Finance Corp. presently has a consensus rating of “Hold” and a consensus price target of $5.68.

Fifth Street Finance Corp. (FSC) traded down 0.55% during trading on Thursday, hitting $5.46. The company had a trading volume of 1,740,103 shares. The company’s 50 day moving average price is $4.44 and its 200-day moving average price is $4.65. Fifth Street Finance Corp. has a 12 month low of $3.90 and a 12 month high of $6.32.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings data on Wednesday, May 10th. The credit services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.15 by $0.02. The business had revenue of $45.56 million for the quarter, compared to analyst estimates of $50.76 million. Fifth Street Finance Corp. had a positive return on equity of 8.83% and a negative net margin of 33.60%. On average, analysts forecast that Fifth Street Finance Corp. will post $0.56 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Muzinich & Co. Inc. boosted its position in Fifth Street Finance Corp. by 116.7% in the first 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 during the period. Ares Management LLC boosted its position in Fifth Street Finance Corp. by 5.1% in the first 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 during the period. UBS Group AG boosted its position in Fifth Street Finance Corp. by 15.3% in the first 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 during the period. Morgan Stanley boosted its position in Fifth Street Finance Corp. by 104.5% in the first 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 during the period. Finally, Van ECK Associates Corp boosted its position in Fifth Street Finance Corp. by 28.4% in the first quarter. Van ECK Associates Corp now owns 927,017 shares of the credit services provider’s stock valued at $4,283,000 after buying an additional 205,284 shares during the period. Hedge funds and other institutional investors own 29.95% of the company’s stock.

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.

Analyst Recommendations for Fifth Street Finance Corp. (NASDAQ:FSC)

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