Fifth Street Finance (FSC) : Traders are bullish on Fifth Street Finance (FSC) as it has outperformed the S&P 500 by a wide margin of 7.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.96%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.02% in the last 1 week, and is up 8.61% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.92% and the 50-Day Moving Average is 12.85%. Fifth Street Finance (NASDAQ:FSC): stock turned positive on Friday. Though the stock opened at $5.75, the bulls momentum made the stock top out at $5.829 level for the day. The stock recorded a low of $5.74 and closed the trading day at $5.8, in the green by 1.05%. The total traded volume for the day was 499,829. The stock had closed at $5.74 in the previous days trading.
The company Insiders own 0.08% of Fifth Street Finance shares according to the proxy statements. Institutional Investors own 32.27% of Fifth Street Finance shares. Also, Equity Analysts at the Brokerage Firm, Maxim Group, downgrades their rating on the shares of Fifth Street Finance (NASDAQ:FSC). Maxim Group has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 24, 2016.
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.