Fifth Street Finance Corp. (FSC) : Orinda Asset Management added new position in Fifth Street Finance Corp. during the most recent quarter end. The investment management firm now holds 49,705 shares of Fifth Street Finance Corp. which is valued at $275,863 , the company said in a statement filed on Aug 3, 2016 with the SEC.Fifth Street Finance Corp. makes up approximately 0.30% of Orinda Asset Management’s portfolio.
Other Hedge Funds, Including , Mariner Investment Group added FSC to its portfolio by purchasing 400,000 company shares during the most recent quarter which is valued at $2,220,000. Fifth Street Finance Corp. makes up approx 0.72% of Mariner Investment Group’s portfolio.Sanders Morris Harris boosted its stake in FSC in the latest quarter, The investment management firm added 1,385 additional shares and now holds a total of 112,643 shares of Fifth Street Finance Corp. which is valued at $627,422. Fifth Street Finance Corp. makes up approx 0.16% of Sanders Morris Harris’s portfolio.Msi Financial Services Inc reduced its stake in FSC by selling 4,699 shares or 17.74% in the most recent quarter. The Hedge Fund company now holds 21,790 shares of FSC which is valued at $121,370. Eqis Capital Management sold out all of its stake in FSC during the most recent quarter. The investment firm sold 13,357 shares of FSC which is valued $72,662.Berson Corrado Investment Advisors reduced its stake in FSC by selling 1,935 shares or 6.18% in the most recent quarter. The Hedge Fund company now holds 29,365 shares of FSC which is valued at $152,992. Fifth Street Finance Corp. makes up approx 0.06% of Berson Corrado Investment Advisors’s portfolio.
Fifth Street Finance Corp. opened for trading at $5.75 and hit $5.85 on the upside on Monday, eventually ending the session at $5.83, with a gain of 3.55% or 0.2 points. The heightened volatility saw the trading volume jump to 15,09,047 shares. Company has a market cap of $847 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. Shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy” and Lowered the Price Target to $ 6.75 from a previous price target of $7.50 .
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.