The credit services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.15 by $0.02. Fifth Street Finance (NASDAQ:FSC)'s price sits 14.08% above from its 50-day moving average of $4.11 and -2.87% away from the stock's 200-day moving average which is $4.67. The stock hit its twelve month high on 09/06/16, and twelve month low on 06/28/17. The firm had revenue of $45.56 million during the quarter, compared to the consensus estimate of $50.76 million.
These funds have also shifted positions in (FSC). Past 5 years growth of the company observed at -11.84%, and for the next five years the analysts that follow the company are expecting its growth at 5%. The value of the investment in Fifth Street Finance Corp. decreased from $178,000 to $141,000 decreasing 20.8% quarter to quarter. Carroll Financial Associates Inc. boosted its stake in shares of Fifth Street Finance Corp.by 19.6% in the first quarter. Zacks Investment Research raised shares of Fifth Street Finance Corp. from a "sell" rating to a "hold" rating in a report on Wednesday, March 22nd. On average, equities research analysts predict that Fifth Street Finance Corp. will post $0.57 EPS for the current fiscal year. National Securities reaffirmed a neutral rating and issued a $4.00 target price on shares of Fifth Street Finance Corp.in a research report on Monday, May 15th. Muzinich & Co. Inc. now owns 6,779,107 shares of the credit services provider's stock worth $31,319,000 after buying an additional 3,650,684 shares during the last quarter.
Fifth Street Finance Corp. had a negative net margin of 33.60% and a positive return on equity of 8.83%. Raymond James had a markedly different take on 30/03/2017, proposing that Fifth Street Finance Corp.is now considered Underperform versus prior Mkt Perform rating. Carroll Financial Associates Inc. now owns 251,450 shares of the credit services provider's stock worth $1,161,000 after buying an additional 41,250 shares in the last quarter. August 16 investment analysts at Deutsche Bank kept the stock rating at " and lowered the price expectation to $6.50 from $6.80. Morgan Stanley increased its position in shares of Fifth Street Finance Corp.by 104.5% in the first quarter. They now have a United States dollars 4.75 price target on the stock. Fifth Street Finance Corp.
Shares of Fifth Street Finance Corp.
WARNING: "Fifth Street Finance Corp". DnB Asset Management AS now owns 139,000 shares of the credit services provider's stock worth $642,000 after buying an additional 74,700 shares during the period. (FSC) traded down 3.59% during mid-day trading on Tuesday, reaching $4.83. The Company conducts all of its operations through its subsidiaries, Fifth Street Management LLC (FSM), Fifth Street CLO Management LLC (CLO Management) and FSCO GP LLC (FSCO GP). If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of US & worldwide copyright laws. (FSFR), both publicly-traded business development companies (together, the BDCs). The Company is a closed-end, non-diversified management investment company. The legal version of this article can be read at https://transcriptdaily.com/2017/07/05/fifth-street-finance-corp-fsc-receives-4-55-average-pt-from-brokerages-updated.html. The Company's investment objective is to maximize its portfolio's total return by generating current income from its debt investments, and capital appreciation from its equity investments.