Fifth Street Finance Corp. (NASDAQ:OCSL) Director Richard Ruben bought 14,550 shares of Fifth Street Finance stock in a transaction dated Wednesday, December 6th. The shares were acquired at an average price of $4.82 per share, with a total value of $70,131.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Fifth Street Finance Corp. (NASDAQ OCSL) traded down $0.05 on Thursday, reaching $4.76. The company had a trading volume of 524,804 shares, compared to its average volume of 1,079,747. Fifth Street Finance Corp. has a 52-week low of $3.90 and a 52-week high of $5.91. The company has a market capitalization of $678.02, a PE ratio of 9.43, a PEG ratio of 2.31 and a beta of 0.05. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.22 and a quick ratio of 0.22.
Fifth Street Finance (NASDAQ:OCSL) last announced its quarterly earnings data on Wednesday, November 29th. The credit services provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.05). Fifth Street Finance had a positive return on equity of 7.40% and a negative net margin of 110.68%. The firm had revenue of $35.73 million for the quarter. sell-side analysts predict that Fifth Street Finance Corp. will post 0.42 EPS for the current year.
An institutional investor recently bought a new position in Fifth Street Finance stock. Hillsdale Investment Management Inc. acquired a new position in shares of Fifth Street Finance Corp. (NASDAQ:OCSL) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 23,600 shares of the credit services provider’s stock, valued at approximately $129,000. 35.12% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on OCSL. Maxim Group reiterated a “hold” rating on shares of Fifth Street Finance in a research note on Thursday, August 10th. TheStreet upgraded Fifth Street Finance from a “d+” rating to a “c” rating in a research note on Wednesday, September 6th. Keefe, Bruyette & Woods set a $6.00 target price on Fifth Street Finance and gave the company a “hold” rating in a research note on Thursday, November 30th. ValuEngine cut Fifth Street Finance from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research cut Fifth Street Finance from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.63.
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Fifth Street Finance Company Profile
Oaktree Specialty Lending Corporation, formerly 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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