Dallas, Texas 12/18/2013 (FINANCIALSTRENDS) – Recently the Barclays upgraded the share price of Fifth Street Finance Corp.(NASDAQ:FSC) from underweight to Overweight category. The research note was issued on Monday to the investors and the shares of FSC opened at $9.20. The 52 week low of FSC is $8.94 and 52 week high is $11.13. FSC recently declared their monthly dividend and the yield that was reported was 10.87%.
Moreover the FSC CEO also bought around 20,000 shares of FSC indicating that the higher management is very keen to upgrade the share price of FSC and believe in long term goal achievement. It also indicates that this is the perfect time to enter into this stock as stick to this for long term to get more returns.
Something about Fifth Street Finance Corp
The Fifth Street Finance Corp.(NASDAQ:FSC) is a special finance company that deals in lending to small and mid-sized companies. In addition to all this the company also invests in various small and mid-sized companies. The company also tries to establish connections with different private equity sponsors for strategic tie-ups. To know more about the company you can also consult their official website and you can get the detailed and in-depth information about the company.
The FSC is also a leading manager in the field of alternative asset management and financial services. Moreover the recent one stop financing facility for the first choice emergency room is considered as a major revenue booster for the company. The first choice emergency room provides different communities much needed national patient care and is one of the top most patient care companies that have different national offices. Currently the FSC has over $3 billion of asset under its management. The company has a successful track record of more than 15 years and has different offices across the country.