Fifth Street Finance Corp. (NASDAQ:FSC) will issue its quarterly earnings data on Wednesday, November 30th. Parties that are interested in participating in the company’s conference call can do so using this link.
Shares of Fifth Street Finance Corp. (NASDAQ:FSC) opened at 5.84 on Tuesday. Fifth Street Finance Corp. has a 52 week low of $4.40 and a 52 week high of $6.53. The firm has a 50 day moving average of $5.58 and a 200 day moving average of $5.50.
The business also recently declared a monthly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a $0.06 dividend. The ex-dividend date is Tuesday, December 13th. This represents a $0.72 annualized dividend and a yield of 12.27%. Fifth Street Finance Corp.’s dividend payout ratio is -160.00%.
In related news, Director James Castro-Blanco bought 8,250 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was bought at an average cost of $6.16 per share, with a total value of $50,820.00. Following the completion of the purchase, the director now owns 12,300 shares in the company, valued at approximately $75,768. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.08% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in FSC. Quantitative Systematic Strategies LLC bought a new position in shares of Fifth Street Finance Corp. during the third quarter worth $126,000. Mackenzie Financial Corp acquired a new stake in Fifth Street Finance Corp. during the third quarter worth $107,000. Paloma Partners Management Co increased its stake in Fifth Street Finance Corp. by 1.8% in the second quarter. Paloma Partners Management Co now owns 225,521 shares of the company’s stock worth $1,094,000 after buying an additional 3,932 shares during the period. A.R.T. Advisors LLC acquired a new stake in Fifth Street Finance Corp. during the second quarter worth $399,000. Finally, Guggenheim Capital LLC increased its stake in Fifth Street Finance Corp. by 7.6% in the second quarter. Guggenheim Capital LLC now owns 423,346 shares of the company’s stock worth $2,053,000 after buying an additional 29,811 shares during the period. 30.99% of the stock is owned by institutional investors.
Several analysts have issued reports on FSC shares. Deutsche Bank AG decreased their price target on shares of Fifth Street Finance Corp. from $6.75 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, August 16th. National Securities reiterated a “neutral” rating and set a $6.00 target price on shares of Fifth Street Finance Corp. in a research report on Thursday, August 11th. Finally, Zacks Investment Research upgraded shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.41.
About Fifth Street Finance Corp.