Fifth Street Finance Corp. (NASDAQ:FSC) Director Bernard D. Berman bought 5,000 shares of the stock in a transaction that occurred on Friday, March 17th. The stock was bought at an average cost of $4.55 per share, for a total transaction of $22,750.00. Following the completion of the purchase, the director now directly owns 55,968 shares of the company’s stock, valued at $254,654.40. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

Fifth Street Finance Corp. (NASDAQ:FSC) traded up 1.74% on Monday, hitting $4.67. 1,153,854 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $4.78 and a 200-day moving average price of $5.42. Fifth Street Finance Corp. has a 12 month low of $4.31 and a 12 month high of $6.32.

Fifth Street Finance Corp. (NASDAQ:FSC) last released its quarterly earnings results on Thursday, February 9th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. Fifth Street Finance Corp. had a negative net margin of 33.22% and a positive return on equity of 9.13%. On average, equities analysts expect that Fifth Street Finance Corp. will post $0.62 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Fifth Street Finance Corp. (NASDAQ:FSC)

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.50 annualized dividend and a dividend yield of 10.67%. This is a positive change from Fifth Street Finance Corp.’s previous quarterly dividend of $0.02. Fifth Street Finance Corp.’s dividend payout ratio is presently -130.91%.

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Large investors have recently added to or reduced their stakes in the stock. GAM Holding AG acquired a new stake in Fifth Street Finance Corp. during the third quarter valued at approximately $137,000. First Allied Advisory Services Inc. raised its stake in Fifth Street Finance Corp. by 39.6% in the fourth quarter. First Allied Advisory Services Inc. now owns 27,150 shares of the company’s stock valued at $146,000 after buying an additional 7,706 shares during the last quarter. Eagle Global Advisors LLC raised its stake in Fifth Street Finance Corp. by 32.3% in the third quarter. Eagle Global Advisors LLC now owns 27,250 shares of the company’s stock valued at $158,000 after buying an additional 6,660 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in Fifth Street Finance Corp. by 4.0% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 39,980 shares of the company’s stock valued at $232,000 after buying an additional 1,542 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Fifth Street Finance Corp. during the fourth quarter valued at approximately $241,000. 32.17% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on FSC. Barclays PLC set a $6.00 target price on shares of Fifth Street Finance Corp. and gave the company a “hold” rating in a research note on Thursday, December 1st. National Securities lowered their target price on shares of Fifth Street Finance Corp. from $6.00 to $4.00 and set a “neutral” rating on the stock in a research note on Monday, February 13th. Finally, Zacks Investment Research downgraded shares of Fifth Street Finance Corp. from a “buy” rating to a “hold” rating in a research note on Friday, December 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Fifth Street Finance Corp. presently has a consensus rating of “Hold” and an average price target of $5.50.

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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