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A statement released earlier today by Zacks Investment Research about Fifth Street Finance Corp. (NASDAQ:FSC) raises the target price to $6.50

Yesterday Fifth Street Finance Corp. (NASDAQ:FSC) traded 1.03% higher at $5.90. The company’s 50-day moving average is $5.58 and its 200-day moving average is $5.50. The last closing price is up 7.32% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 668,861 shares of the stock traded hands, up from an average trading volume of 648,395

In a report issued 11/29/2016 Zacks Investment Research raised the target price of Fifth Street Finance Corp. (NASDAQ:FSC) to $6.50 reporting a possible upside of 0.10%.

Previously on 02/11/2016, KBW reported on Fifth Street Finance Corp. (NASDAQ:FSC) reduced the target price from $7.00 to $6.00. At the time, this indicated a possible upside of 0.30%.

See Chart Below

Fifth Street Finance Corp. (NASDAQ:FSC)

Fifth Street Finance Corp. has a 52 week low of $4.40 and a 52 week high of $6.53 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $6.47 with 0 analysts rating the company a strong buy, four analysts rating the company a buy, nine analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell.

More About Fifth Street Finance Corp. (NASDAQ:FSC)

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 Company's investment objective is to maximize the portfolio's total return by generating current income from the debt investments and capital appreciation from the equity investments. The Company is externally managed and advised by Fifth Street Management LLC (Fifth Street Management). The Company is a closed-end, non-diversified management investment company that has elected to be regulated as a business development company. The Company only intends to use leverage if the expected returns from borrowing to make investments exceeds the cost of such borrowing. In addition, the Company maintains subsidiaries that are licensed as small business investment companies. The Company, through Senior Loan Fund JV I, LLC (SLF JV I), invests in middle-market and other corporate debt securities.

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