Revenue Update on Fifth Street Finance Corp.(NASDAQ:FSC)

Fifth Street Finance Corp.(NASDAQ:FSC) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $64.03M. Analysts estimated a revenue of $61.12M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.18.

In a different note, On May 24, 2016, Maxim Group said it Downgrades its rating on Fifth Street Finance Corp.. The shares have been rated ‘Hold’ by the firm. On May 12, 2016, Deutsche Bank said it Maintains its rating on Fifth Street Finance Corp.. In the research note, the firm Lowers the price-target to $7.50 per share. The shares have been rated ‘Buy’ by the firm.

Fifth Street Finance Corp. (FSC) shares turned negative on Wednesdays trading session with the shares closing down -0.01 points or -0.17% at a volume of 3,41,161. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5.85. The peak price level was also seen at $5.85 while the days lowest was $5.8. Finally the shares closed at $5.82. The 52-week high of the shares is $6.77 while the 52-week low is $4.4. According to the latest information available, the market cap of the company is $846 M.

Several Insider Transactions has been reported to the SEC. On Feb 22, 2016, Brian S Dunn (director) purchased 15,000 shares at $4.69 per share price.Also, On Sep 29, 2015, James Castro-blanco (director) purchased 3,000 shares at $6.58 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *