Economy

Fifth Street Finance Corp. (FSC) Position Held by Manning & Napier Advisors LLC

Fifth Street Finance Corp. (FSC) Position Held by Manning & Napier Advisors LLC

(NASDAQ:FSC) has "Hold" rating given on Tuesday, May 24 by Maxim Group. Sheaff Brock Investment Advisors LLC now owns 44,635 shares of the credit services provider's stock valued at $206,000 after buying an additional 2,921 shares during the last quarter.

A number of equities research analysts have recently weighed in on FSC shares. JMP Securities upgraded shares of Fifth Street Finance Corp. from a market perform rating to an outperform rating and set a $6.50 price target for the company in a research report on Monday. Raymond James Financial, Inc. reissued an underperform rating on shares of Fifth Street Finance Corp.in a research note on Thursday, March 30th.

8 analysts on average are expecting Fifth Street Finance Corp.to report earnings of $0.13 per share for the current quarter.

Analysts on average have given a price target of $4.5 to Fifth Street Finance Corp. 1 equities equity analyst has recommended the share with a sell recommendation, five has issued a hold recommendation and around three have issued a buy recommendation to the share. the share now has a average recommendation of "Hold" and an average price target of $5.68. (NASDAQ:FSC). Whittier Trust Communications stated it has 0% of its portfolio in Fifth Street Finance Corp.

About Fifth Street Finance Corp. (FSC) closed its previous trading session at $5.46 with the loss of -0.55%. The investment company owned 84,578 stocks of the credit services provider's shares after unloading 363,580 shares through out the quarter. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence).

The stock volatility for week was 2.65% while for month was 3.79%.The stock, as of last close, traded 40.00% to its 52 week low and was changed -13.61% from its 52 week high.

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Stock market analysts watching Fifth Street Finance Corp.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.13, according to consensus of 8 analysts. The Higher end of the revenue forecast is $45.55 Million, while the Lower end of the forecast is $43 Million.

Shares of Fifth Street Finance Corp. Schedules Earnings Release for the Quarter Ended ..." published on July 19, 2017 as well as Fool.com's news article titled: "Why Shares of Fifth Street Finance Corp. If you are viewing this piece of content on another site, it was illegally stolen and reposted in violation of USA and global copyright and trademark laws. If you are reading this story on another site, it was illegally copied and reposted in violation of United States and global copyright & trademark laws. It helps investors in determining whether buying, selling or holding on to a stock would be beneficial for them. Karp Capital Management Corp bought a new stake in Fifth Street Finance Corp. during the first quarter valued at approximately $204,000. LLC now owns 21,651 shares of the credit services provider's stock valued at $100,000 after buying an additional 7,352 shares in the last quarter. Creative Planning increased its position in shares of Fifth Street Finance Corp.by 66.9% in the second quarter. Ares Management LLC now owns 2,127,605 shares of the credit services provider's stock valued at $9,830,000 after buying an additional 103,199 shares during the period. Gabelli Funds LLC boosted its stake in Fifth Street Finance Corp.by 3.6% in the first quarter.

02/19/2016 - Fifth Street Finance Corp. was downgraded to " by analysts at Wells Fargo. Muzinich & Co. Inc. boosted its position in Fifth Street Finance Corp.by 116.7% in the first quarter. Lastly, Marquette Asset Management bought a fresh position in Fifth Street Finance during the Q1 assessed at roughly $179,000. investment firms and many large funds has an ownership of 29.94% of the firms stock.

For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. The Company acts as a business development company (BDC).


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