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

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 equities research analysts also recently commented on FSC. Maxim Group restated a “hold” rating on shares of Fifth Street Finance Corp. in a report on Thursday, August 10th. National Securities restated a “buy” rating and set a $7.00 price objective on shares of Fifth Street Finance Corp. in a report on Monday. BidaskClub downgraded Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. JMP Securities upgraded Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price objective for the company in a report on Monday, July 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.75 price objective on shares of Fifth Street Finance Corp. in a report on Friday, June 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Fifth Street Finance Corp. currently has a consensus rating of “Hold” and an average price target of $5.68.

Shares of Fifth Street Finance Corp. (NASDAQ FSC) remained flat at $5.40 during trading on Tuesday. The company had a trading volume of 560,259 shares. The stock’s 50 day moving average price is $5.12 and its 200-day moving average price is $4.63. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $6.32.

Fifth Street Finance Corp. (NASDAQ:FSC) last issued its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The firm had revenue of $44.92 million for the quarter, compared to analyst estimates 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%. On average, equities research analysts predict that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

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A number of large investors have recently made changes to their positions in FSC. Muzinich & Co. Inc. increased its stake in shares of Fifth Street Finance Corp. by 116.7% in the first quarter. Muzinich & Co. Inc. now owns 6,779,107 shares of the credit services provider’s stock valued at $31,319,000 after buying an additional 3,650,684 shares during the period. Ares Management LLC increased its stake in shares of Fifth Street Finance Corp. by 1.2% in the second quarter. Ares Management LLC now owns 2,152,605 shares of the credit services provider’s stock valued at $10,461,000 after buying an additional 25,000 shares during the period. UBS Group AG increased its stake in shares of Fifth Street Finance Corp. by 15.3% in the first quarter. UBS Group AG now owns 1,637,894 shares of the credit services provider’s stock valued at $7,567,000 after buying an additional 217,799 shares during the period. PVG Asset Management Corp bought a new stake in shares of Fifth Street Finance Corp. during the second quarter valued at about $7,915,000. Finally, Morgan Stanley increased its stake in shares of Fifth Street Finance Corp. by 104.5% in the first quarter. Morgan Stanley now owns 1,539,829 shares of the credit services provider’s stock valued at $7,114,000 after buying an additional 786,975 shares during the period. Institutional investors and hedge funds own 30.07% of the company’s stock.

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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Analyst Recommendations for Fifth Street Finance Corp. (NASDAQ:FSC)

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