Keefe, Bruyette & Woods Analysts Give Fifth Street Finance (OCSL) a $6.00 Price Target

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.

Fifth Street Finance (NASDAQ:OCSL) last released its earnings results on Wednesday, November 29th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). Fifth Street Finance had a negative net margin of 37.21% and a positive return on equity of 8.27%. sell-side analysts expect that Fifth Street Finance will post 0.56 EPS for the current fiscal year.

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.

Analyst Recommendations for Fifth Street Finance (NASDAQ:OCSL)

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