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Fifth Street Finance Corp. (FSC) [hlAlert]

Rating:
Outperform
FSC
down 40.87 %

Fifth Street Finance Corp. (FSC) rated Outperform by Raymond James

Posted on: Friday,  Aug 9, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Fifth Street Finance Corp. (NASDAQ: FSC) on 08/09/2013, when the stock price was $10.79.
Since then, Fifth Street Finance Corp. has lost 40.87% as of 01/12/2016's recent price of $6.38.
If you would have followed this Raymond James's recommendation on FSC, you would have lost 40.87% of your investment in 886 days.

Fifth Street Finance Corp. (Fifth Street) is a specialty finance company that lends to, and invests in small and mid-sized companies (with annual revenues between $25 million and $250 million) in connection with investments by private equity sponsors. It provides financing to support the acquisitions or recapitalizations of companies by private equity sponsors. The Company is externally managed and advised by Fifth Street Management LLC. Its 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. As of September 30, 2008, the Company?s portfolio totaled $279 million at fair value and was comprised of investments in 24 portfolio companies. Fifth Street Mezzanine Partners III, L.P., the Company?s predecessor fund, commenced operations as a private partnership on February 15, 2007.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/9/2013 8:25 AM Buy
None
10.79
as of 12/13/2013
1 Week down  -1.81 %
1 Month down  -9.35 %
3 Months down  -12.29 %
1 YTD down  -14.73 %

(*) Stock Price at the time of the recommendation.
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