JMP Securities Upgrades Fifth Street Finance Corp. (FSC) to Outperform

Amos Gonzales
July 18, 2017

Its down 0.02, from 1.02 in 2016Q3. Zacks Investment Research upgraded shares of Fifth Street Finance Corp. from a "sell" rating to a "hold" rating in a research note on Wednesday, March 22nd. 22 funds opened positions while 30 raised stakes. Muzinich & Co. Inc. owns 279,094 shares or 0.32% of their USA portfolio. Commonwealth Equity Services Inc invested in 18,636 shares or 0% of the stock. (NASDAQ:FSC) is another stock that is grabbing investors attention these days. Manufacturers Life Insurance The invested 0.02% in Fifth Street Finance Corp. Fifth Street Senior Floating Rate Corp. has an average rating of "Hold" and an average price target of $9.25. (NASDAQ:FSC). 318,137 are held by Royal Comml Bank Of Canada. It also said it will reduce the management fee for First Street Finance 1.5% from 1.75%, and the incentive fee to 17.5% from 20.0%, covering income and capital gains. Raymond James Financial, Inc. reiterated an "underperform" rating on shares of Fifth Street Finance a research note on Thursday, March 30th.

The share price of Fifth Street Finance Corp. Earnings per share serves as an indicator of a company's profitability.

Shares of Fifth Street Finance Corp. After $0.13 actual earnings per share reported by Fifth Street Finance Corp. for the previous quarter, Wall Street now forecasts 0.00% EPS growth. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 8th. The credit services provider reported $0.13 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.02. Norinchukin State Bank The holds 0.03% or 13,348 shares. The company had revenue of $11.02 million for the quarter.

02/10/2016 - Fifth Street Finance Corp. was downgraded to " by analysts at JP Morgan. $50,000 worth of Prudential Financial Inc (NYSE:PRU) shares were bought by TODMAN MICHAEL. (FSC) share price jumped 16.49% to $5.44 in the last trading session.

Fifth Street Finance Corp. While the company's share hit the 52 week high on 09/06/16 stationing the value of $6.32. Therefore 29% are positive. Ares Management LLC increased its position in Fifth Street Finance 5.1% in the first quarter.

The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.

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02/10/2016 - Fifth Street Finance Corp. had its " rating reiterated by analysts at Barclays.

Recent Insider Trading Activity For Fifth Street Finance Corp.

When it comes to the Analysis of a Stock, Price Target plays a vital role. As per Monday, September 21, the company rating was downgraded by Nomura. They now have a Dollars 7.5 price target on the stock. The firm has "Hold" rating given on Wednesday, May 31 by BMO Capital Markets. Furthermore on 5/24/16 Maxim Group "Downgrades" the stock to Hold.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For the current year the company's revenue estimates are $186.23 Million compared to low analyst estimates of $183.7 Million and high estimates of $189.2 Million according to 4 number of analysts. (NASDAQ:FSC) has declined 15.57% since July 17, 2016 and is downtrending. It has underperformed by 14.37% the S&P500.

This is a summary of current ratings for Medley Management and Fifth Street Asset Management, as provided by Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term. Oaktree will pay gross cash consideration of $320 million in cash to Fifth Street Management LLC ("FSM"), an affiliate of FSAM, upon the close of the transaction.

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