Fifth Street Finance Corp.(NASDAQ:FSC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Nov 29, 2016. Company reported revenue of $59.16M. Analysts estimated a revenue of $59.73M. The revenues were $-570.00K or NaN% below the estimates. Earnings per share were $0.18. Analysts had estimated an EPS of $0.18.
Fifth Street Finance Corp. (FSC) made into the market gainers list on Tuesdays trading session with the shares advancing 1.03% or 0.06 points. Due to strong positive momentum, the stock ended at $5.9, which is also near the day’s high of $5.91. The stock began the session at $5.86 and the volume stood at 6,68,861 shares. The 52-week high of the shares is $6.53 and the 52 week low is $4.4. The company has a current market capitalization of $857 M and it has 14,53,04,220 shares in outstanding.
Fifth Street Finance Corp. has also declared a cash dividend of $0.0600 on Oct 24, 2016. The shares will quote ex-dividend on Dec 13, 2016 and the record date has been fixed on Dec 15, 2016. The dividend payable date has been fixed on Dec 30, 2016.
Several Insider Transactions has been reported to the SEC. On Sep 23, 2016, James Castro-blanco (director) purchased 8,250 shares at $6.16 per share price.Also, On Feb 22, 2016, Brian S Dunn (director) purchased 15,000 shares at $4.69 per share price.On Feb 12, 2015, Todd Owens (CEO) purchased 10,000 shares at $7.05 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s portfolio’s total return by generating income from its debt investments and capital appreciation from its equity investments. As of September 30 2014 the Company consists of 124 investments 104 of which were in operating companies one of which was in a senior loan fund vehicle and 19 of which were in private equity funds. The 19 investments in private equity funds represented less than 1% of the fair value of the Company’s assets at September 30 2014. The Company is externally managed and advised by Fifth Street Management LLC.