National Securities Lowers Fifth Street Finance Corp. (FSC) Price Target to $4.00

The firm now has a hold rating on the stock.

Many research firms have provided their ratings on Fifth Street Finance Corp. Barclays PLC set a $6.00 price target on Fifth Street Finance Corp. and gave the company a "hold" rating in a research note on Thursday, December 1st. National Securities decreased their price objective on shares of Fifth Street Finance Corp. from $6.00 to $4.00 and set a neutral rating on the stock in a research report on Monday. Nine investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The company now has an average rating of "Hold" and an average price target of $5.58.

At the end of Dec reporting period, 57 institutional holders increased their position in Fifth Street Finance Corp. (NASDAQ:FSC) belonging to the Finance sector has surged 2.61% and closed its last trading session at $4.72. The stock is now moving above its 20-Day Simple Moving Average of -12.1% with the 50-Day Simple Moving Average of -12.1 percent.

Several analysts have released their opinion on Fifth Street Finance Corp. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by $0.02.

Analysts are also projecting an Average Revenue Estimate for Fifth Street Finance Corp.as $54.35 Million in the Current Quarter. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States and global copyright and trademark laws. The correct version of this piece can be accessed at [[permalink]]. (NASDAQ:FSC) Director Sandeep K. Khorana acquired 2,200 shares of the firm's stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $5.58, for a total transaction of $450,774.72.

Now the company Insiders own 0.08% of Fifth Street Finance Corp. shares according to the proxy statements. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. The stock exchanged hands at a volume of 2.52M shares whereas, the average volume was 1.21M shares. The stock was sold at an average price of $5.56, for a total transaction of $834,000.00. The disclosure for this sale can be found here. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell.

A number of hedge funds have recently added to or reduced their stakes in the company.

For the Current Quarter, the growth estimate for Fifth Street Finance Corp.is -5.9%, while for the Next Quarter the stock growth estimate is -20%. Princeton Alpha Management LP now owns 50,345 shares of the company's stock worth $293,000 after buying an additional 12,884 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in Fifth Street Finance Corp.by 4.0% in the third quarter. Similar statistics are true for the second largest owner, Advisors Capital Management, Llc, which owns 3,153,156 shares of the stock are valued at $14.73 million. Mackenzie Financial Corp purchased a new stake in Fifth Street Finance Corp. during the third quarter worth approximately $107,000. GAM Holding AG purchased a new stake in Fifth Street Finance Corp. during the third quarter worth approximately $137,000. Ameriprise Financial Inc. purchased a new stake in Fifth Street Finance Corp. during the second quarter worth approximately $143,000.

Fifth Street Finance Corp.is a specialty finance company.