Fifth Street Finance Corp. (FSC) Receiving Somewhat Favorable Media Coverage, Report Shows
News stories about Fifth Street Finance Corp. (NASDAQ:FSC) have trended somewhat positive on Friday, according to AlphaOne Sentiment Analysis. The research firm, a unit of Accern, ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fifth Street Finance Corp. earned a coverage optimism score of 0.19 on AlphaOne’s scale. AlphaOne also assigned news coverage about the credit services provider an impact score of 66 out of 100, meaning that recent media coverage is likely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Alpha One Sentiment Analysis’s scoring:
- Fifth Street Asset Management Inc. Schedules Earnings Release for the Quarter Ended March 31, 2017 – Yahoo Finance (finance.yahoo.com)
- Fifth Street Asset Management Inc (NASDAQ:FSAM) Exploring Sale Amid Deteriorating Loan Portfolio (4-traders.com)
- Fifth Street Finance Corp. (FSC) Receives Daily News Sentiment Score of 0.16 (americanbankingnews.com)
- Fifth Street Finance Corp. (FSC) Upgraded to Hold by Zacks Investment Research (americanbankingnews.com)
- Fifth Street Finance Corp. (FSC) Receives “Hold” Rating from BMO Capital Markets (americanbankingnews.com)
Fifth Street Finance Corp. (NASDAQ:FSC) remained flat at $4.43 during trading on Friday. The stock had a trading volume of 700,954 shares. Fifth Street Finance Corp. has a one year low of $4.31 and a one year high of $6.32. The firm’s market capitalization is $624.45 million. The firm has a 50 day moving average price of $4.50 and a 200 day moving average price of $5.19.
Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings data on Thursday, February 9th. The credit services provider reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company earned $51.76 million during the quarter, compared to the consensus estimate of $57.10 million. Fifth Street Finance Corp. had a positive return on equity of 9.13% and a negative net margin of 33.22%. Equities analysts anticipate that Fifth Street Finance Corp. will post $0.62 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 11.29%. This is a boost from Fifth Street Finance Corp.’s previous quarterly dividend of $0.02. The ex-dividend date is Thursday, September 14th. Fifth Street Finance Corp.’s dividend payout ratio is -130.91%.
FSC has been the topic of several research analyst reports. National Securities dropped their price objective on shares of Fifth Street Finance Corp. from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, February 13th. Barclays PLC set a $5.00 price objective on shares of Fifth Street Finance Corp. and gave the company a “hold” rating in a research report on Tuesday, February 14th. Zacks Investment Research raised shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Fifth Street Finance Corp. in a research report on Thursday, March 30th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $4.00 price objective on shares of Fifth Street Finance Corp. in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $5.20.
In related news, major shareholder Leonard M. Tannenbaum acquired 594,740 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were bought at an average cost of $4.41 per share, for a total transaction of $2,622,803.40. Following the completion of the transaction, the insider now owns 12,278,720 shares in the company, valued at $54,149,155.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bernard D. Berman acquired 15,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was bought at an average price of $4.37 per share, for a total transaction of $65,550.00. Following the completion of the transaction, the director now owns 40,968 shares of the company’s stock, valued at approximately $179,030.16. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 4,504,815 shares of company stock worth $20,564,565. 0.08% of the stock is owned by company insiders.
About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company. The Company is a closed-end, non-diversified management investment company. The Company acts as a business development company (BDC). The Company’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments, and capital appreciation from its equity investments.
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