Gilford Securities Reiterates Fifth Street Finance Buy

Gilford Securities reiterated its Fifth Street Finance FSC Buy rating in a research report published today. Gilford Securities has previously given Fifth Street Finance a $12 price target. In the report, Gilford Securities states, "The strong pace of origination will eventually overcome the criticism about NII per share not covering the dividend. Not one BDC is originating with the consistency that FSC is. We would continue to remind investors that originations come with up-front origination fees that add to NII to create distributable income that is higher than NII." Shares of Fifth Street Finance were trading at $8.98 at the time of posting, up 5.28% from Monday's market close.
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