Fifth Street Finance Corp. (NASDAQ:FSC) saw a large increase in short interest in the month of July. As of July 14th, there was short interest totalling 1,090,663 shares, an increase of 49.8% from the June 30th total of 728,148 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 2,626,373 shares, the days-to-cover ratio is presently 0.4 days.

A number of analysts have commented on FSC shares. JMP Securities raised Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price target for the company in a research report 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 Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $4.75 to $6.00 in a research note on Tuesday, July 18th. TheStreet lowered Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research note on Wednesday, June 14th. Finally, BidaskClub lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Fifth Street Finance Corp. currently has a consensus rating of “Hold” and an average target price of $5.68.

Fifth Street Finance Corp. (NASDAQ FSC) opened at 5.37 on Friday. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $6.32. The firm’s 50 day moving average price is $4.58 and its 200-day moving average price is $4.65.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Fifth Street Finance Corp. had a negative net margin of 33.60% and a positive return on equity of 8.83%. The firm had revenue of $45.56 million during the quarter, compared to analyst estimates of $50.76 million. Equities analysts expect that Fifth Street Finance Corp. will post $0.56 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FSC. Muzinich & Co. Inc. increased 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 in the last quarter. Ares Management LLC increased 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 in the last quarter. UBS Group AG increased 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 in the last quarter. Morgan Stanley increased 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 in the last quarter. Finally, Van ECK Associates Corp increased 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 in the last quarter. 29.94% of the stock is owned by institutional investors.

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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.

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