Shares of Fifth Street Finance Corp. (NASDAQ:FSC) have been assigned a consensus rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $5.54.

A number of research firms recently issued reports on FSC. ValuEngine raised shares of Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 15th. National Securities reaffirmed a “buy” rating and set a $7.00 price target on shares of Fifth Street Finance Corp. in a research note on Monday, August 14th. Maxim Group reaffirmed a “hold” rating on shares of Fifth Street Finance Corp. in a research note on Thursday, August 10th. Finally, BidaskClub downgraded shares of Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th.

Shares of Fifth Street Finance Corp. (NASDAQ:FSC) traded down 1.08% during trading on Tuesday, reaching $5.48. 107,139 shares of the company were exchanged. The stock’s 50 day moving average is $5.40 and its 200 day moving average is $4.67. Fifth Street Finance Corp. has a 1-year low of $3.90 and a 1-year high of $6.24.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $44.92 million for the quarter, compared to the consensus estimate of $43.35 million. Fifth Street Finance Corp. had a negative net margin of 37.21% and a positive return on equity of 8.27%. On average, analysts anticipate that Fifth Street Finance Corp. will post $0.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 9.03%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio is currently -15.38%.

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Several institutional investors and hedge funds have recently made changes to their positions in FSC. Global X Management Co. LLC raised its stake in shares of Fifth Street Finance Corp. by 51.4% in the first quarter. Global X Management Co. LLC now owns 21,651 shares of the credit services provider’s stock valued at $100,000 after acquiring an additional 7,352 shares during the period. Creative Planning raised its stake in shares of Fifth Street Finance Corp. by 66.9% in the second quarter. Creative Planning now owns 22,868 shares of the credit services provider’s stock valued at $111,000 after acquiring an additional 9,163 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Fifth Street Finance Corp. in the second quarter valued at $152,000. Airain ltd purchased a new stake in shares of Fifth Street Finance Corp. in the second quarter valued at $154,000. Finally, Advisor Group Inc. raised its stake in shares of Fifth Street Finance Corp. by 10.6% in the second quarter. Advisor Group Inc. now owns 31,553 shares of the credit services provider’s stock valued at $154,000 after acquiring an additional 3,014 shares during the period. 32.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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