Fifth Street Finance Corp. (FSC) : Partners Capital Investment Group reduced its stake in Fifth Street Finance Corp. by 9.19% during the most recent quarter end. The investment management company now holds a total of 538,180 shares of Fifth Street Finance Corp. which is valued at $3,121,444 after selling 54,472 shares in Fifth Street Finance Corp. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Fifth Street Finance Corp. makes up approximately 0.81% of Partners Capital Investment Group’s portfolio.
Other Hedge Funds, Including , Raymond James Associates boosted its stake in FSC in the latest quarter, The investment management firm added 13,292 additional shares and now holds a total of 57,351 shares of Fifth Street Finance Corp. which is valued at $332,636.Fuller Thaler Asset Management reduced its stake in FSC by selling 306,883 shares or 6.0% in the most recent quarter. The Hedge Fund company now holds 4,804,377 shares of FSC which is valued at $27,048,643. Fifth Street Finance Corp. makes up approx 0.44% of Fuller Thaler Asset Management’s portfolio.
Fifth Street Finance Corp. opened for trading at $5.98 and hit $6.09 on the upside on Tuesday, eventually ending the session at $6.08, with a gain of 1.67% or 0.1 points. The heightened volatility saw the trading volume jump to 6,92,951 shares. Company has a market cap of $883 M.
Many Wall Street Analysts have commented on Fifth Street Finance Corp.. Fifth Street Finance Corp. was Downgraded by Maxim Group to ” Hold” on May 24, 2016.
Fifth Street Finance Corp. is a specialty finance company 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 Company is externally managed and advised by Fifth Street Management LLC.