Fifth Street Finance (FSC) : The consensus on Fifth Street Finance (FSC) based on 6 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Fifth Street Finance (FSC) : The highest short term price target forecast on Fifth Street Finance (FSC) is $7 and the lowest target price is $6. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $6.25 with a standard deviation of $0.35.
Also, In a research note released to the investors, Deutsche Bank maintains its rating on Fifth Street Finance (NASDAQ:FSC).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $6.75 per share to $6.5 per share. The rating by the firm was issued on August 16, 2016.
Fifth Street Finance (NASDAQ:FSC): After opening at $5.6, the stock dipped to an intraday low of $5.6 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.68 and the buying power remained strong till the end. The stock closed at $5.61 for the day, a gain of 0.18% for the day session. The total traded volume was 759,519. The stocks close on the previous trading day was $5.6.
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.