Fifth Street Finance Corp. (NASDAQ:FSC)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a report issued on Monday. They currently have a $6.00 target price on the credit services provider’s stock. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 6.01% from the stock’s previous close.

Several other equities research analysts have also issued reports on FSC. JMP Securities raised Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price objective for the company in a research note on Monday, July 17th. Maxim Group reissued a “hold” rating on shares of Fifth Street Finance Corp. in a research note on Thursday, August 10th. Deutsche Bank AG raised 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 raised Fifth Street Finance Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, September 6th. Finally, BMO Capital Markets reissued a “hold” rating and set a $4.00 price objective on shares of Fifth Street Finance Corp. in a research note on Friday, October 6th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.75.

Fifth Street Finance Corp. (FSC) traded up 0.71% during mid-day trading on Monday, hitting $5.65. The stock had a trading volume of 421,681 shares. Fifth Street Finance Corp. has a 12 month low of $3.90 and a 12 month high of $5.91. The firm’s 50-day moving average is $5.47 and its 200 day moving average is $4.84.

Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate 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 firm had revenue of $44.92 million during the quarter, compared to analyst estimates of $43.35 million. Analysts forecast that Fifth Street Finance Corp. will post $0.56 earnings per share for the current fiscal year.

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In other Fifth Street Finance Corp. news, CEO Bernard D. Berman sold 20,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $5.43, for a total transaction of $108,600.00. Following the completion of the transaction, the chief executive officer now owns 35,968 shares of the company’s stock, valued at approximately $195,306.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FSC. Global X Management Co. LLC boosted its holdings in shares of Fifth Street Finance Corp. by 51.4% during the 1st quarter. Global X Management Co. LLC now owns 21,651 shares of the credit services provider’s stock valued at $100,000 after purchasing an additional 7,352 shares during the last quarter. Creative Planning boosted its holdings in shares of Fifth Street Finance Corp. by 66.9% during the 2nd quarter. Creative Planning now owns 22,868 shares of the credit services provider’s stock valued at $111,000 after purchasing an additional 9,163 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Fifth Street Finance Corp. during the 2nd quarter valued at about $152,000. Airain ltd bought a new position in shares of Fifth Street Finance Corp. during the 2nd quarter valued at about $154,000. Finally, Advisor Group Inc. boosted its holdings in shares of Fifth Street Finance Corp. by 10.6% during the 2nd quarter. Advisor Group Inc. now owns 31,553 shares of the credit services provider’s stock valued at $154,000 after purchasing an additional 3,014 shares during the last quarter. 32.75% of the stock is owned by institutional investors and hedge funds.

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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