Fifth Street Finance Corp. (NASDAQ:FSC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.’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. “

Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Maxim Group restated a “hold” rating on shares of Fifth Street Finance Corp. in a research note on Thursday, August 10th. JMP Securities upgraded Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price target on the stock in a research note on Monday, July 17th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $4.75 price target on shares of Fifth Street Finance Corp. in a research note on Friday, June 30th. Finally, National Securities restated a “buy” rating and issued a $7.00 price target on shares of Fifth Street Finance Corp. in a research note on Monday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Fifth Street Finance Corp. has a consensus rating of “Hold” and a consensus target price of $5.68.

Shares of Fifth Street Finance Corp. (FSC) remained flat at $5.40 during midday trading on Tuesday. The company’s stock had a trading volume of 560,259 shares. Fifth Street Finance Corp. has a 52 week low of $3.90 and a 52 week high of $6.32. The company has a 50-day moving average of $5.12 and a 200 day moving average of $4.63.

Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. The business had revenue of $44.92 million for the quarter, compared to analysts’ expectations of $43.35 million. Equities research analysts expect 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 modified their holdings of the stock. PVG Asset Management Corp bought a new stake in Fifth Street Finance Corp. during the second quarter valued at about $7,915,000. Ares Management LLC raised its stake in Fifth Street Finance Corp. by 1.2% in the second quarter. Ares Management LLC now owns 2,152,605 shares of the credit services provider’s stock valued at $10,461,000 after buying an additional 25,000 shares during the period. Shelton Capital Management raised its stake in Fifth Street Finance Corp. by 39.2% in the second quarter. Shelton Capital Management now owns 124,314 shares of the credit services provider’s stock valued at $604,000 after buying an additional 35,000 shares during the period. Royal Bank of Canada raised its stake in Fifth Street Finance Corp. by 12.0% in the second quarter. Royal Bank of Canada now owns 245,817 shares of the credit services provider’s stock valued at $1,195,000 after buying an additional 26,342 shares during the period. Finally, Garner Asset Management Corp bought a new stake in Fifth Street Finance Corp. during the second quarter valued at about $576,000. 30.07% of the stock is currently owned by hedge funds and other institutional investors.

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

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