News coverage about Fifth Street Finance Corp. (NASDAQ:FSC) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fifth Street Finance Corp. earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the credit services provider an impact score of 45.0691577271611 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.57 on Friday. The company’s 50-day moving average price is $5.46 and its 200-day moving average price is $4.84. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $5.91.
Fifth Street Finance Corp. (NASDAQ:FSC) last issued its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. The business had revenue of $44.92 million during the quarter, compared to analysts’ expectations of $43.35 million. On average, equities research analysts forecast that Fifth Street Finance Corp. will post $0.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 8.98%. Fifth Street Finance Corp.’s dividend payout ratio is -288.46%.
A number of equities research analysts have recently weighed in on the company. ValuEngine upgraded Fifth Street Finance Corp. from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Zacks Investment Research lowered Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. National Securities upgraded Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $4.00 to $7.00 in a research report on Tuesday, July 18th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.75 price objective on shares of Fifth Street Finance Corp. in a research report on Friday, June 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $5.54.
In related news, CEO Bernard D. Berman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 29th. The stock was sold at an average price of $5.43, for a total transaction of $108,600.00. Following the completion of the sale, the chief executive officer now directly owns 35,968 shares of the company’s stock, valued at approximately $195,306.24. The transaction 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.
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.
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