Fifth Street Finance (FSC) : 7 analysts are covering Fifth Street Finance (FSC) and their average rating on the stock is 2.71, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Fifth Street Finance (FSC) : Average target price received by Fifth Street Finance (FSC) is $7.19 with an expected standard deviation of $1.91. The most aggressive target on the stock is $10, whereas the most downbeat target is $6. 4 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week Fifth Street Finance (NASDAQ:FSC): The stock opened at $5.80 on Thursday but the bulls could not build on the opening and the stock topped out at $5.86 for the day. The stock traded down to $5.73 during the day, due to lack of any buying support eventually closed down at $5.74 with a loss of -2.05% for the day. The stock had closed at $5.86 on the previous day. The total traded volume was 668,408 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Fifth Street Finance Corp., Dunn Brian S had purchased shares worth of $70,350 in a transaction dated on February 22, 2016. A total of 15,000 shares were purchased at a price of $4.69 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.