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

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. “

Several other analysts have also recently commented on FSC. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $6.00 price target on shares of Fifth Street Finance Corp. in a research note on Monday. BMO Capital Markets reiterated a “hold” rating and issued a $4.00 price target on shares of Fifth Street Finance Corp. in a research note on Friday, October 6th. BidaskClub upgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. ValuEngine cut shares of Fifth Street Finance Corp. from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, TheStreet upgraded shares of Fifth Street Finance Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $5.75.

Shares of Fifth Street Finance Corp. (FSC) traded up 0.71% during midday trading on Monday, hitting $5.65. The company had a trading volume of 421,681 shares. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $5.91. The stock has a 50 day moving average price of $5.47 and a 200 day moving average price of $4.84.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its 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 negative net margin of 37.21% and a positive return on equity of 8.27%. The company 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 EPS for the current year.

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

Several institutional investors have recently bought and sold shares of FSC. PVG Asset Management Corp bought a new stake in shares of Fifth Street Finance Corp. in the 2nd quarter worth about $7,915,000. Kennedy Capital Management Inc. bought a new stake in shares of Fifth Street Finance Corp. in the 2nd quarter worth about $6,289,000. Morgan Stanley increased its holdings in shares of Fifth Street Finance Corp. by 104.5% in the 1st quarter. Morgan Stanley now owns 1,539,829 shares of the credit services provider’s stock worth $7,114,000 after buying an additional 786,975 shares during the last quarter. LSV Asset Management increased its holdings in shares of Fifth Street Finance Corp. by 73.3% in the 2nd quarter. LSV Asset Management now owns 1,145,091 shares of the credit services provider’s stock worth $5,565,000 after buying an additional 484,431 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its holdings in shares of Fifth Street Finance Corp. by 574.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 350,553 shares of the credit services provider’s stock worth $1,753,000 after buying an additional 298,609 shares during the last quarter. Hedge funds and other institutional investors own 32.75% of the company’s stock.

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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