Brokerage Firm Rating Update on Fifth Street Finance (FSC)

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.

Fifth Street Finance (FSC) : 2 Wall Street analysts covering Fifth Street Finance (FSC) believe that the average level the stock could reach for the short term is $6.25. The maximum price target given is $7 and the minimum target for short term is around $6, hence the standard deviation is calculated at $0.35.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Deutsche Bank maintains the rating on Fifth Street Finance (NASDAQ:FSC). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency lowers the 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): stock was range-bound between the intraday low of $6.24 and the intraday high of $6.2711 after having opened at $6.26 on Wednesdays session. The stock finally closed in the red at $6.26, a loss of -0.32%. The stock remained in the red for the whole trading day. The total traded volume was 557,926 shares. The stock failed to cross $6.2711 in Wednesdays trading. The stocks closing price on Thursday was $6.26.

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.

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