Negative Press Coverage Likely to Affect Fifth Street Finance Corp. (FSC) Share Price
Media coverage about Fifth Street Finance Corp. (NASDAQ:FSC) has trended negative on Monday, AlphaOne Sentiment Analysis reports. AlphaOne, a service of Accern, identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. 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 media sentiment score of -0.26 on AlphaOne’s scale. AlphaOne also assigned news coverage about the credit services provider an impact score of 66 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted AlphaOne’s analysis:
- Market Spotlight: Tracking Shares of Fifth Street Finance Corp. (NASDAQ:FSC) – Business Daily (oxfordbusinessdaily.com)
- Active Stock on Watch: Fifth Street Finance Corp (FSC) – Stock Press Daily (stockpressdaily.com)
- The Fifth Street Finance Corp. (FSC) Given Neutral Rating at National Securities – BangaloreWeekly (bangaloreweekly.com)
- Fifth Street Asset Management Inc. Announces First Quarter 2017 Results – Nasdaq (nasdaq.com)
Fifth Street Finance Corp. (NASDAQ:FSC) opened at 4.23 on Monday. Fifth Street Finance Corp. has a 12-month low of $4.12 and a 12-month high of $6.32. The firm’s 50-day moving average price is $4.40 and its 200 day moving average price is $4.99.
Fifth Street Finance Corp. (NASDAQ:FSC) last posted its quarterly earnings data on Wednesday, May 10th. The credit services provider reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Fifth Street Finance Corp. had a positive return on equity of 9.13% and a negative net margin of 33.22%. The firm had revenue of $45.56 million for the quarter, compared to analysts’ expectations of $50.76 million. Equities analysts forecast that Fifth Street Finance Corp. will post $0.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a $0.125 dividend. The ex-dividend date is Thursday, September 14th. This is a positive change from Fifth Street Finance Corp.’s previous quarterly dividend of $0.02. This represents a $0.50 dividend on an annualized basis and a dividend yield of 11.82%. Fifth Street Finance Corp.’s dividend payout ratio is -130.91%.
Several research firms have weighed in on FSC. National Securities restated a “neutral” rating and set a $4.00 price target on shares of Fifth Street Finance Corp. in a report on Monday, May 15th. Barclays PLC set a $5.00 price target on Fifth Street Finance Corp. and gave the company a “hold” rating in a report on Tuesday, February 14th. Zacks Investment Research cut Fifth Street Finance Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. Deutsche Bank AG cut Fifth Street Finance Corp. from a “buy” rating to a “hold” rating and cut their price target for the company from $5.50 to $4.75 in a report on Monday, May 15th. Finally, Keefe, Bruyette & Woods set a $5.00 price target on Fifth Street Finance Corp. and gave the company a “hold” rating in a report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.88.
In related news, major shareholder Leonard M. Tannenbaum purchased 594,740 shares of the company’s stock in a transaction dated Friday, March 10th. The stock was acquired 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 directly owns 12,278,720 shares of the company’s stock, valued at $54,149,155.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Leonard M. Tannenbaum purchased 532,968 shares of the company’s stock in a transaction dated Tuesday, March 14th. The stock was bought at an average price of $4.51 per share, with a total value of $2,403,685.68. Following the completion of the transaction, the insider now directly owns 12,844,767 shares of the company’s stock, valued at $57,929,899.17. The disclosure for this purchase can be found here. Insiders bought 4,437,115 shares of company stock valued at $20,253,230 over the last 90 days. Company insiders own 0.08% of the company’s stock.
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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