Shares of Fifth Street Finance Corp. (NASDAQ:OCSL) have received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.75.

Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $6.00 price objective on shares of Fifth Street Finance Corp. in a research note on Monday, October 16th. BMO Capital Markets restated 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. BidaskClub upgraded Fifth Street Finance Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut Fifth Street Finance Corp. from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd.

Shares of Fifth Street Finance Corp. (OCSL) traded down 1.53% during mid-day trading on Wednesday, hitting $5.79. 538,422 shares of the stock traded hands. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $5.91. The stock’s market cap is $816.16 million. The stock has a 50-day moving average of $5.53 and a 200 day moving average of $4.91.

Fifth Street Finance Corp. (NASDAQ:OCSL) last released its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $44.92 million during the quarter, compared to analysts’ expectations of $43.35 million. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. Equities analysts predict that Fifth Street Finance Corp. will post $0.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.64%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is presently -288.46%.

In other Fifth Street Finance Corp. news, CEO Bernard D. Berman sold 20,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $5.43, for a total value of $108,600.00. Following the sale, the chief executive officer now directly owns 35,968 shares of the company’s stock, valued at $195,306.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $5.56, for a total value of $7,837,409.36. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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About Fifth Street Finance Corp.

Oaktree Specialty Lending Corporation, formerly 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:OCSL)

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