The stock of Fifth Street Finance Corp. (NASDAQ:FSC) is a huge mover today! About 3.78M shares traded hands or 508.84% up from the average. Fifth Street Finance Corp. (NASDAQ:FSC) has risen 8.66% since April 27, 2016 and is uptrending. It has outperformed by 3.43% the S&P500.
The move comes after 7 months negative chart setup for the $780.96M company. It was reported on Nov, 30 by Barchart.com. We have $5.00 PT which if reached, will make NASDAQ:FSC worth $46.86 million less.
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 Fifth Street Finance Corp. (NASDAQ:FSC) on Tuesday, August 16 with “Buy” rating. The firm has “Hold” rating by Maxim Group given on Tuesday, May 24. RBC Capital Markets maintained it with “Outperform” rating and $10 target price in Tuesday, August 11 report. The rating was maintained by Wood on Monday, August 24 with “Neutral”. Wells Fargo upgraded the shares of FSC in a report on Tuesday, January 19 to “Outperform” rating.
According to Zacks Investment Research, “FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.’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.”
Insitutional Activity: The institutional sentiment increased to 1.02 in 2016 Q2. Its up 0.16, from 0.86 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.
National Bank Of Mellon has 11,672 shares for 0% of their US portfolio. Quantbot L P has 0% invested in the company for 4,731 shares. Legal General Public accumulated 288,381 shares or 0% of the stock. Two Sigma Ltd last reported 11,170 shares in the company. Cetera Advisor Lc holds 121,800 shares or 0.03% of its portfolio. The Kansas-based Creative Planning has invested 0% in Fifth Street Finance Corp. (NASDAQ:FSC). Dnb Asset As accumulated 63,000 shares or 0% of the stock. Guggenheim Cap Ltd Limited Liability Company accumulated 0.01% or 423,346 shares. Citadel Advsrs Lc owns 264,641 shares or 0% of their US portfolio. Gabelli Funds Ltd Liability Co last reported 0.01% of its portfolio in the stock. Mariner Invest Group Limited Liability Co has invested 0.66% of its portfolio in Fifth Street Finance Corp. (NASDAQ:FSC). Us Bancorporation De, a Minnesota-based fund reported 1,200 shares. Invsts Capital Advisory Ser holds 0.11% of its portfolio in Fifth Street Finance Corp. (NASDAQ:FSC) for 115,313 shares. Sequoia Fincl Advisors Limited Liability holds 31,417 shares or 0.04% of its portfolio. Hotchkis And Wiley Cap Lc has 140,507 shares for 0% of their US portfolio.
More recent Fifth Street Finance Corp. (NASDAQ:FSC) news were published by: Reuters.com which released: “BRIEF-Fifth Street Finance Corp appoints Patrick Dalton as CEO” on November 30, 2016. Also Streetinsider.com published the news titled: “Fifth Street Finance (FSC) Names New CEO” on November 30, 2016. Fool.com‘s news article titled: “Fifth Street Finance Corp.’s SEC Problems Could Cost Shareholders” with publication date: August 17, 2016 was also an interesting one.
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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