Fifth Street Finance (NASDAQ:OCSL) has been assigned a $6.00 price objective by equities researchers at Keefe, Bruyette & Woods in a research report issued to clients and investors on Thursday. The firm currently has a “hold” rating on the credit services provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 24.48% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. TheStreet upgraded shares of Fifth Street Finance from a “d+” rating to a “c” rating in a research report on Wednesday, September 6th. National Securities cut Fifth Street Finance from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $7.00 to $5.00 in a research report on Friday. BidaskClub upgraded shares of Fifth Street Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. Maxim Group reiterated a “hold” rating on shares of Fifth Street Finance in a research report on Thursday, August 10th. Finally, Zacks Investment Research raised Fifth Street Finance from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $5.63.
Shares of Fifth Street Finance (NASDAQ:OCSL) traded down $0.21 during midday trading on Thursday, reaching $4.82. The company’s stock had a trading volume of 3,679,900 shares, compared to its average volume of 1,071,192. The company has a market cap of $733.00, a price-to-earnings ratio of 8.52, a P/E/G ratio of 1.95 and a beta of 0.12. Fifth Street Finance has a fifty-two week low of $3.90 and a fifty-two week high of $5.91. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.44 and a quick ratio of 0.44.
In related news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the firm’s stock in a transaction dated Thursday, October 19th. The shares were sold at an average price of $5.56, for a total value of $7,837,409.36. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bernard D. Berman sold 20,000 shares of the firm’s 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 directly owns 35,968 shares in the company, valued at $195,306.24. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
An institutional investor recently bought a new position in Fifth Street Finance stock. Hillsdale Investment Management Inc. acquired a new position in Fifth Street Finance Corp. (NASDAQ:OCSL) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 23,600 shares of the credit services provider’s stock, valued at approximately $129,000. 35.21% of the stock is owned by institutional investors and hedge funds.
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About Fifth Street Finance
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.
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