Fifth Street Finance Corp. (NASDAQ:FSC) 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 value of $108,600.00. Following the sale, the chief executive officer now owns 35,968 shares in the company, valued at $195,306.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Fifth Street Finance Corp. (NASDAQ FSC) opened at 5.52 on Thursday. The company has a 50-day moving average price of $5.43 and a 200 day moving average price of $4.80. Fifth Street Finance Corp. has a 12-month low of $3.90 and a 12-month high of $5.91.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. The business had revenue of $44.92 million for the quarter, compared to analyst estimates 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%. Equities research analysts expect that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 9.06%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s payout ratio is -288.46%.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. PVG Asset Management Corp purchased a new position in Fifth Street Finance Corp. during the second quarter worth approximately $7,915,000. Kennedy Capital Management Inc. purchased a new position in shares of Fifth Street Finance Corp. in the 2nd quarter valued at $6,289,000. Morgan Stanley raised its stake in shares of Fifth Street Finance Corp. by 104.5% in the 1st quarter. Morgan Stanley now owns 1,539,829 shares of the credit services provider’s stock valued at $7,114,000 after acquiring an additional 786,975 shares during the period. LSV Asset Management raised its stake in shares of Fifth Street Finance Corp. by 73.3% in the 2nd quarter. LSV Asset Management now owns 1,145,091 shares of the credit services provider’s stock valued at $5,565,000 after acquiring an additional 484,431 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in shares of Fifth Street Finance Corp. by 574.9% in the 2nd quarter. Marshall Wace North America L.P. now owns 350,553 shares of the credit services provider’s stock valued at $1,753,000 after acquiring an additional 298,609 shares during the period. 32.76% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on FSC shares. TheStreet cut Fifth Street Finance Corp. from a “c-” rating to a “d+” rating in a research report on Wednesday, June 14th. National Securities upgraded Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and raised their target price for the company from $4.00 to $7.00 in a research report on Tuesday, July 18th. Deutsche Bank AG upgraded Fifth Street Finance Corp. from a “hold” rating to a “buy” rating and raised their target price for the company from $4.75 to $6.00 in a research report on Tuesday, July 18th. ValuEngine upgraded Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. Fifth Street Finance Corp. currently has an average rating of “Hold” and an average price target of $5.54.

Fifth Street Finance Corp. Company Profile

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.

Insider Buying and Selling by Quarter for Fifth Street Finance Corp. (NASDAQ:FSC)

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