The Fifth Street Finance Corp. (FSC) Stock Rating Lowered by Deutsche Bank AG

The Fifth Street Finance Corp. (FSC) Stock Rating Lowered by Deutsche Bank AG

Several other research analysts also recently commented on FSC. Barclays PLC set a $5.00 target price on Fifth Street Finance Corp. and gave the stock a hold rating in a research note on Tuesday, February 14th. Zacks Investment Research downgraded Fifth Street Finance Corp. from a hold rating to a sell rating in a research note on Wednesday, April 5th. National Securities reduced their price target on Fifth Street Finance Corp. from $6.00 to $4.00 and set a neutral rating on the stock in a report on Monday, February 13th. Keefe, Bruyette & Woods set a $5.00 target price on Fifth Street Finance Corp. and gave the company a hold rating in a report on Wednesday, May 10th. Finally, Raymond James Financial, Inc. reiterated an underperform rating on shares of Fifth Street Finance Corp. in a report on Thursday, March 30th. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock has an average rating of Hold and a consensus target price of $4.88.

Deutsche Bank AG cut shares of Fifth Street Finance Corp. (NASDAQ:FSC) from a buy rating to a hold rating in a research report sent to investors on Monday, May 15th. Deutsche Bank AG currently has $4.75 price target on the credit services provider’s stock, down from their prior price target of $5.50.

Fifth Street Finance Corp. (FSC) opened at 4.12 on Monday. Fifth Street Finance Corp. has a one year low of $4.05 and a one year high of $6.32. The firm has a 50-day moving average of $4.33 and a 200-day moving average of $4.91. Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings results on Wednesday, May 10th. The credit services provider reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $45.56 million during the quarter, compared to analyst estimates of $50.76 million. Fifth Street Finance Corp. had a net margin of 19.32% and a return on equity of 3.44%. Equities analysts predict that Fifth Street Finance Corp. will post $0.57 EPS for the current fiscal year.

Fifth Street Finance Corp. (FSC) opened at 4.12 on Monday. Fifth Street Finance Corp. has a one year low of $4.05 and a one year high of $6.32. The firm has a 50-day moving average of $4.33 and a 200-day moving average of $4.91. The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 12.14%. This is a boost from Fifth Street Finance Corp.’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, September 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is currently -130.91%.

In related news, major shareholder Leonard M. Tannenbaum acquired 532,968 shares of the stock in a transaction on Tuesday, March 14th. The stock was acquired at an average price of $4.51 per share, for a total transaction of $2,403,685.68. Following the completion of the purchase, the insider now owns 12,844,767 shares of the company’s stock, valued at $57,929,899.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Leonard M. Tannenbaum acquired 1,273,000 shares of the stock in a transaction on Wednesday, March 15th. The shares were bought at an average price of $4.51 per share, with a total value of $5,741,230.00. Following the purchase, the insider now directly owns 14,424,259 shares of the company’s stock, valued at approximately $65,053,408.09. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 4,422,115 shares of company stock worth $20,187,680. 0.08% of the stock is currently owned by insiders. A number of hedge funds have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. boosted its stake in Fifth Street Finance Corp. by 31.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 252,949 shares of the credit services provider’s stock worth $1,358,000 after buying an additional 60,693 shares during the period. Nuveen Fund Advisors LLC raised its stake in Fifth Street Finance Corp. by 8.8% in the third quarter. Nuveen Fund Advisors LLC now owns 347,237 shares of the credit services provider’s stock valued at $2,017,000 after buying an additional 28,208 shares in the last quarter. Marquette Asset Management Inc. bought a new stake in Fifth Street Finance Corp. during the first quarter valued at about $179,000. DnB Asset Management AS raised its position in Fifth Street Finance Corp. by 116.2% in the first quarter. DnB Asset Management AS now owns 139,000 shares of the credit services provider’s stock worth $642,000 after buying an additional 74,700 shares during the period. Finally, Guggenheim Capital LLC raised its position in shares of Fifth Street Finance Corp. by 19.0% in the fourth quarter. Guggenheim Capital LLC now owns 658,789 shares of the credit services provider’s stock worth $3,538,000 after buying an additional 105,174 shares during the last quarter. Institutional investors own 32.17% 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FSC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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