Dividend Flows Summary: The $0.06 mark is well within reach for Fifth Street Finance Corp. (NASDAQ:FSC).

Dividend Flows Summary: The $0.06 mark is well within reach for Fifth Street Finance Corp. (NASDAQ:FSC).

Fifth Street Finance Corp. (NASDAQ:FSC) is expected to pay $0.06 on Oct 31, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Fifth Street Finance Corp.’s current price of $5.83, the dividend is 1.03%. This dividend’s record date is Oct 14, 2016 and the announcement date is Aug 24, 2016. The stock increased 0.69% or $0.04 on October 10, hitting $5.83. Fifth Street Finance Corp. (NASDAQ:FSC) has risen 16.60% since March 8, 2016 and is uptrending. It has outperformed by 7.28% the S&P500.

Fifth Street Finance Corp. is a specialty finance firm that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The company has a market cap of $844.21 million. The Company’s investment objective is to maximize the portfolio’s total return by generating current income from the debt investments and capital appreciation from the equity investments. It currently has negative earnings. The Firm is externally managed and advised by Fifth Street Management LLC .

Insitutional Activity: The institutional sentiment increased to 0.86 in 2016 Q2. Its up 0.15, from 0.71 in 2016Q1. The ratio is positive, as 25 funds sold all Fifth Street Finance Corp. shares owned while 34 reduced positions. 18 funds bought stakes while 33 increased positions. They now own 44.15 million shares or 2.22% less from 45.16 million shares in 2016Q1.
Mariner Invest Group Inc Lc holds 400,000 shares or 0.66% of its portfolio. The Illinois-based Northern Tru has invested 0% in Fifth Street Finance Corp. (NASDAQ:FSC). Cipher Cap L P owns 34,087 shares or 0.01% of their US portfolio. Morgan Stanley accumulated 1.20 million shares or 0% of the stock. The Tennessee-based Delta Asset Mgmt Limited Company Tn has invested 0% in Fifth Street Finance Corp. (NASDAQ:FSC). Moreover, Springbok Capital Ltd Llc has 0% invested in Fifth Street Finance Corp. (NASDAQ:FSC) for 6,700 shares. Us Financial Bank De holds 0% or 1,200 shares in its portfolio. Citigroup Inc accumulated 279,747 shares or 0% of the stock. Moreover, Ameriprise Financial Inc has 0% invested in Fifth Street Finance Corp. (NASDAQ:FSC) for 29,490 shares. Pnc Financial Services Group Inc owns 3,725 shares or 0% of their US portfolio. Moreover, Hotchkis And Wiley Mgmt Ltd Liability Co has 0% invested in Fifth Street Finance Corp. (NASDAQ:FSC) for 140,507 shares. Citadel Lc has invested 0% of its portfolio in Fifth Street Finance Corp. (NASDAQ:FSC). First Foundation accumulated 0.01% or 15,000 shares. Advisors Cap Limited Liability Corporation holds 3.68M shares or 1.83% of its portfolio. First Eagle Inv Management Ltd Co, a New York-based fund reported 109,000 shares.

Fifth Street Finance Corp. (NASDAQ:FSC) Ratings Coverage

Out of 4 analysts covering Fifth Street Finance (NASDAQ:FSC), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Fifth Street Finance has been the topic of 8 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of FSC in a report on Tuesday, August 16 with “Buy” rating. As per Tuesday, August 11, the company rating was maintained by RBC Capital Markets. The stock of Fifth Street Finance Corp. (NASDAQ:FSC) has “Outperform” rating given on Tuesday, January 19 by Wells Fargo. The stock has “Hold” rating given by Maxim Group on Tuesday, May 24. Wood maintained Fifth Street Finance Corp. (NASDAQ:FSC) rating on Monday, August 24. Wood has “Neutral” rating and $7.75 price target.

More notable recent Fifth Street Finance Corp. (NASDAQ:FSC) news were published by: Globenewswire.com which released: “Fifth Street Finance Corp. Schedules Earnings Release for the Fiscal Year …” on October 10, 2016, also Fool.com with their article: “It’s Time for Change at Fifth Street Finance Corp.” published on February 16, 2016, Fool.com published: “Why Fifth Street Finance Corp. Stock is Worth a Second Look” on January 15, 2016. More interesting news about Fifth Street Finance Corp. (NASDAQ:FSC) were released by: Fool.com and their article: “Instant Analysis: Fifth Street Finance Corp.’s Fee Reduction” published on January 21, 2016 as well as Nasdaq.com‘s news article titled: “Fifth Street Finance Corp. Schedules Earnings Release for the Quarter Ended …” with publication date: July 13, 2016.

FSC Company Profile

Fifth Street Finance Corp., incorporated on October 9, 2007, is a specialty finance firm that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The Company’s investment objective is to maximize the Company’s portfolio’s total return by generating income from its debt investments and capital appreciation from its equity investments. As of September 30, 2014, the Company consists of 124 investments, 104 of which were in operating companies, one of which was in a senior loan fund vehicle and 19 of which were in private equity funds. The 19 investments in private equity funds represented less than 1% of the fair value of the Company’s assets at September 30, 2014. The Firm is externally managed and advised by Fifth Street Management LLC.

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