BidaskClub upgraded shares of Fifth Street Finance Corp. (NASDAQ:FSC) from a hold rating to a buy rating in a research note released on Wednesday.

Several other research firms have also issued reports on FSC. JMP Securities upgraded shares of Fifth Street Finance Corp. from a market perform rating to an outperform rating and set a $6.50 price target on the stock in a research report on Monday, July 17th. Maxim Group restated a hold rating on shares of Fifth Street Finance Corp. in a research report on Thursday, August 10th. Deutsche Bank AG upgraded shares of Fifth Street Finance Corp. from a hold rating to a buy rating and raised their price target for the stock from $4.75 to $6.00 in a research report on Tuesday, July 18th. TheStreet upgraded shares of Fifth Street Finance Corp. from a d+ rating to a c rating in a research report on Wednesday, September 6th. Finally, ValuEngine lowered shares of Fifth Street Finance Corp. from a strong-buy rating to a buy rating in a research report on Monday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Fifth Street Finance Corp. currently has a consensus rating of Hold and a consensus price target of $5.54.

Shares of Fifth Street Finance Corp. (NASDAQ FSC) traded up 1.81% during mid-day trading on Wednesday, reaching $5.62. 897,394 shares of the company were exchanged. Fifth Street Finance Corp. has a 12 month low of $3.90 and a 12 month high of $5.91. The firm’s 50-day moving average is $5.43 and its 200-day moving average is $4.80.

Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The company 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%. Analysts predict that Fifth Street Finance Corp. will post $0.56 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 8.90%. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is currently -288.46%.

In related news, CEO Bernard D. Berman sold 20,000 shares of Fifth Street Finance Corp. 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 of the company’s stock, valued at approximately $195,306.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

A number of hedge funds have recently made changes to their positions in FSC. Comerica Bank bought a new position in Fifth Street Finance Corp. during the 1st quarter valued at about $156,000. Karp Capital Management Corp bought a new position in Fifth Street Finance Corp. during the 1st quarter valued at about $204,000. Ameriprise Financial Inc. bought a new position in Fifth Street Finance Corp. during the 1st quarter valued at about $187,000. Oxford Asset Management bought a new position in Fifth Street Finance Corp. during the 1st quarter valued at about $303,000. Finally, Legal & General Group Plc lifted its holdings in Fifth Street Finance Corp. by 3.6% during the 1st quarter. Legal & General Group Plc now owns 341,991 shares of the credit services provider’s stock valued at $1,578,000 after purchasing an additional 11,798 shares during the last quarter. 32.76% of the stock is owned by hedge funds and other institutional investors.

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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