Fifth Street Finance Corp. (FSC) : Equitec Proprietary Markets reduced its stake in Fifth Street Finance Corp. by 7.58% during the most recent quarter end. The investment management company now holds a total of 752,315 shares of Fifth Street Finance Corp. which is valued at $4,122,686 after selling 61,691 shares in Fifth Street Finance Corp. , the firm said in a disclosure report filed with the SEC on Jul 21, 2016.Fifth Street Finance Corp. makes up approximately 9.00% of Equitec Proprietary Markets’s portfolio.
Other Hedge Funds, Including , Cibc World Markets reduced its stake in FSC by selling 10,664 shares or 16.27% in the most recent quarter. The Hedge Fund company now holds 54,889 shares of FSC which is valued at $300,792.Carroll Financial Associates reduced its stake in FSC by selling 11,100 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 224,600 shares of FSC which is valued at $1,226,316. Fifth Street Finance Corp. makes up approx 0.20% of Carroll Financial Associates’s portfolio. Sonora Investment Management sold out all of its stake in FSC during the most recent quarter. The investment firm sold 327 shares of FSC which is valued $1,779.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. closed down -0.02 points or -0.36% at $5.55 with 2,74,650 shares getting traded on Thursday. Post opening the session at $5.58, the shares hit an intraday low of $5.54 and an intraday high of $5.59 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
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.