Insider Buying: Ivelin M. Dimitrov Buys 1,000 Shares of Fifth Street Finance Corp. Stock (FSC)
Fifth Street Finance Corp. (NYSE:FSC) CIO Ivelin M. Dimitrov acquired 1,000 shares of the stock on the open market in a transaction dated Wednesday, August 20th. The stock was purchased at an average cost of $9.74 per share, with a total value of $9,740.00. Following the completion of the purchase, the executive now directly owns 26,870 shares in the company, valued at approximately $261,714. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Fifth Street Finance Corp. (NYSE:FSC) traded up 0.10% on Thursday, hitting $9.77. 454,262 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a 1-year low of $8.94 and a 1-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 released its earnings data 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 announced a monthly dividend, which is scheduled for Friday, November 28th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.0917 per share. This represents a $1.10 annualized dividend and a dividend yield of 11.29%. The ex-dividend date is Wednesday, November 12th.
A number of research firms have recently commented on FSC. 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 given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $10.45.
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