Fifth Street Finance Corp. (FSC) was Downgraded by Maxim Group to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on May 24, 2016.
Many Wall Street Analysts have commented on Fifth Street Finance Corp.. 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. opened for trading at $5.01 and hit $5.1 on the upside on Friday, eventually ending the session at $5.02, with a gain of 0.20% or 0.01 points. The heightened volatility saw the trading volume jump to 4,49,351 shares. Company has a market cap of $729,426 M.
In a different news, on Feb 22, 2016, Brian S Dunn (director) purchased 15,000 shares at $4.69 per share price. According to the SEC, on Sep 29, 2015, James Castro-blanco (director) purchased 3,000 shares at $6.58 per share price. On Feb 12, 2015, Todd Owens (CEO) purchased 10,000 shares at $7.05 per share price, according to the Form-4 filing with the securities and exchange commission.
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.