Fifth Street Finance Corp. (FSC) Receiving Somewhat Positive Media Coverage, Accern Reports
News coverage about Fifth Street Finance Corp. (NASDAQ:FSC) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fifth Street Finance Corp. earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave news stories about the credit services provider an impact score of 45.9303821390549 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- The Goldman Sachs Group, Inc. (GS) noted a price change of 2.59% and Fifth Street Finance Corp. (FSC) closes with a … – Stocks Gallery (stocksgallery.com)
- Should I Give My BDC Permission To Issue Shares Under NAV? – Seeking Alpha (seekingalpha.com)
- Analysts Peeling Back the Layers on Fifth Street Finance Corp. (NASDAQ:FSC) – Evergreen Caller (evergreencaller.com)
- FSC and FSFR: Will They Or Won’t They On August 9? (seekingalpha.com)
- Tale of the Ticker: Fifth Street Finance Corp (FSC) Moves on Volume – Evergreen Caller (evergreencaller.com)
Several research firms have commented on FSC. BidaskClub upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Zacks Investment Research cut Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BMO Capital Markets restated a “hold” rating and issued a $4.00 price target on shares of Fifth Street Finance Corp. in a report on Tuesday, April 11th. Keefe, Bruyette & Woods set a $5.00 target price on Fifth Street Finance Corp. and gave the stock a “hold” rating in a report on Wednesday, May 10th. Finally, Deutsche Bank AG cut Fifth Street Finance Corp. from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.50 to $4.75 in a report on Monday, May 15th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Fifth Street Finance Corp. presently has a consensus rating of “Hold” and an average target price of $5.68.
Fifth Street Finance Corp. (FSC) opened at 5.31 on Tuesday. The company’s 50-day moving average price is $4.73 and its 200 day moving average price is $4.63. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $6.32.
Fifth Street Finance Corp. (NASDAQ:FSC) last released its earnings results on Wednesday, May 10th. The credit services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.02. The business had revenue of $45.56 million during the quarter, compared to analyst estimates of $50.76 million. Fifth Street Finance Corp. had a negative net margin of 33.60% and a positive return on equity of 8.83%. Equities research analysts anticipate that Fifth Street Finance Corp. will post $0.56 EPS for the current year.
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.
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