Fifth Street Finance (FSC) : Zacks Investment Research ranks Fifth Street Finance (FSC) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 8 research analysts is 2.5, which indicates as a Buy.
Fifth Street Finance (FSC) : The highest short term price target forecast on Fifth Street Finance (FSC) is $10 and the lowest target price is $6. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $7.35 with a standard deviation of $1.69.
Company shares have received an average consensus rating of Hold for the current week
Fifth Street Finance (NASDAQ:FSC): The stock opened at $5.54 on Wednesday but the bulls could not build on the opening and the stock topped out at $5.57 for the day. The stock traded down to $5.50 during the day, due to lack of any buying support eventually closed down at $5.55 with a loss of -0.18% for the day. The stock had closed at $5.56 on the previous day. The total traded volume was 926,554 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.