Barclays Reiterates a Hold Rating on Fifth Street Finance

By Austin Angelo

In a report released today, Mark Devries from Barclays reiterated a Hold rating on Fifth Street Finance (NASDAQ: FSC), with a price target of $6. The company’s shares opened today at $5.30.

According to, Devries is a 1-star analyst with an average return of -2.1% and a 63.6% success rate. Devries covers the Financial sector, focusing on stocks such as Discover Financial Services, Fidelity National Financial, and Arlington Asset Investment.

Fifth Street Finance has an analyst consensus of Hold.

Based on Fifth Street Finance’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $19.21 million and GAAP net loss of $5.22 million. In comparison, last year the company earned revenue of $65.06 million and had a GAAP net loss of $2.39 million.

Fifth Street Finance Corp., a business development company, invests in small and mid-sized companies in connection with an investment by private equity sponsors with revenues of $25 – $250. The fund focuses on companies operating across a broad range of sectors such as healthcare services, education services, oil & gas equipment services, diversified support services, advertising, internet software & services, specialized finance, consulting & other services, leisure facilities, pharmaceuticals, healthcare equipment, specialty stores, human resources & employment services, data processing & outsourced, industrial machinery, apparel, accessories & luxury, construction and engineering, air freight & logistics, leisure, household products, asset management & custody banks, consumer electronics, home improvement retail and application software. It provides one-stop financing, first & second lien, mezzanine debt and equity co-investments. Its investment size ranges from $10 million to $100 million.