Fifth Street Finance Corp. (FSC) Receiving Somewhat Favorable Media Coverage, Report Shows
Media coverage about Fifth Street Finance Corp. (NASDAQ:FSC) has been trending somewhat positive this week, AlphaOne reports. The research group, a unit of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Fifth Street Finance Corp. earned a media sentiment score of 0.19 on AlphaOne’s scale. AlphaOne also gave headlines 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 next several days.
Here are some of the headlines that may have impacted AlphaOne’s rankings:
- 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)
Several analysts have issued reports on FSC shares. Zacks Investment Research raised Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Monday. BMO Capital Markets reaffirmed a “hold” rating and issued a $4.00 target price on shares of Fifth Street Finance Corp. in a research note on Tuesday, April 11th. Barclays PLC set a $5.00 target price on Fifth Street Finance Corp. and gave the stock a “hold” rating in a research note on Tuesday, February 14th. National Securities cut their target price on Fifth Street Finance Corp. from $6.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, February 13th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Fifth Street Finance Corp. in a research note on Thursday, March 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $5.20.
Shares of Fifth Street Finance Corp. (NASDAQ:FSC) remained flat at $4.43 during mid-day trading on Friday. The company had a trading volume of 700,954 shares. The company’s market capitalization is $624.45 million. Fifth Street Finance Corp. has a 52-week low of $4.31 and a 52-week high of $6.32. The firm has a 50-day moving average of $4.50 and a 200-day moving average 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.02. Fifth Street Finance Corp. had a negative net margin of 33.22% and a positive return on equity of 9.13%. The business had revenue of $51.76 million for the quarter, compared to analysts’ expectations of $57.10 million. On average, analysts anticipate that Fifth Street Finance Corp. will post $0.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued 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 of this dividend is Thursday, September 14th. Fifth Street Finance Corp.’s dividend payout ratio is currently -130.91%.
In other news, Director Bernard D. Berman bought 15,000 shares of the stock in a transaction on Monday, March 6th. The stock was acquired at an average cost of $4.37 per share, for a total transaction of $65,550.00. Following the acquisition, the director now owns 40,968 shares of the company’s stock, valued at $179,030.16. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Byron J. Haney bought 18,000 shares of the stock in a transaction on Friday, February 10th. The stock was purchased at an average price of $4.61 per share, with a total value of $82,980.00. Following the completion of the acquisition, the director now directly owns 16,000 shares in the company, valued at approximately $73,760. The disclosure for this purchase can be found here. Insiders acquired a total of 4,504,815 shares of company stock valued at $20,564,565 over the last quarter. Company insiders own 0.08% of the company’s stock.
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Fifth Street Finance Corp. Company Profile
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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