Fifth Street Finance Corp. CIO Acquires $9,740 in Stock (FSC)
Fifth Street Finance Corp. (NYSE:FSC) CIO Ivelin M. Dimitrov bought 1,000 shares of the stock on the open market in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of $9.74 per share, with a total value of $9,740.00. Following the completion of the acquisition, the executive now directly owns 26,870 shares of the company’s stock, valued at approximately $261,714. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
FSC has been the subject of a number of recent research reports. Analysts at Gilford Securities downgraded shares of Fifth Street Finance Corp. from a “buy” rating to a “neutral” rating in a research note on Thursday, August 14th. They now have a $9.75 price target on the stock. Separately, analysts at Guggenheim upgraded shares of Fifth Street Finance Corp. from a “neutral” rating to a “buy” rating in a research note on Friday, August 8th. Finally, analysts at JMP Securities initiated coverage on shares of Fifth Street Finance Corp. in a research note on Friday, June 27th. They set a “market perform” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Fifth Street Finance Corp. presently has a consensus rating of “Buy” and a consensus target price of $10.45.
Shares of Fifth Street Finance Corp. (NYSE:FSC) traded up 0.62% on Wednesday, hitting $9.76. The stock had a trading volume of 728,161 shares. Fifth Street Finance Corp. has a one year low of $8.94 and a one year high of $10.74. The stock’s 50-day moving average is $9.81 and its 200-day moving average is $9.55.
Fifth Street Finance Corp. (NYSE:FSC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.02. Analysts expect that Fifth Street Finance Corp. will post $1.01 EPS for the current fiscal year.
The company also recently declared a monthly dividend, which is scheduled for Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.0917 per share. This represents a $1.10 dividend on an annualized basis and a yield of 11.29%. The ex-dividend date of this dividend is Wednesday, November 12th.
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