Fifth Street Finance (FSC) : 2 investment research analysts covering Fifth Street Finance (FSC) have an average price target of $6.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $7 and the lowest target is $6 for the short term. Analysts expect the variance to be within $0.35 of the average price.
Fifth Street Finance (FSC) : 1 brokerage houses believe that Fifth Street Finance (FSC) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Fifth Street Finance (FSC). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 6 Wall Street Analysts endorse the stock as a Hold with a rating of 2.67.
Also, Deutsche Bank maintains its view on Fifth Street Finance (NASDAQ:FSC) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Deutsche Bank lowers the price target from $6.75 per share to $6.5 per share on Fifth Street Finance . The rating by the firm was issued on August 16, 2016.
Fifth Street Finance (NASDAQ:FSC): The stock opened at $6.25 on Thursday but the bulls could not build on the opening and the stock topped out at $6.29 for the day. The stock traded down to $6.20 during the day, due to lack of any buying support eventually closed down at $6.26 with a loss of -0.16% for the day. The stock had closed at $6.27 on the previous day. The total traded volume was 649,350 shares.
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 Companys investment objective is to maximize the Companys portfolios 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 Companys assets at September 30, 2014. The Company is externally managed and advised by Fifth Street Management LLC.