Insider Buying: Fifth Street Finance Corp. CIO Acquires 1,000 Shares of Stock (FSC)
Fifth Street Finance Corp. (NYSE:FSC) CIO Ivelin M. Dimitrov bought 1,000 shares of Fifth Street Finance Corp. stock in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of $9.74 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Fifth Street Finance Corp. (NYSE:FSC) traded up 0.10% on Friday, hitting $9.7199. 328,390 shares of the company’s stock traded hands. Fifth Street Finance Corp. has a one year low of $8.94 and a one year high of $10.74. The stock has a 50-day moving average of $9.8 and a 200-day moving average of $9.5.
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. On average, analysts predict that Fifth Street Finance Corp. will post $1.01 earnings per share for the current fiscal year.
The company also recently announced a monthly dividend, which is scheduled for Friday, November 28th. Stockholders 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 11.33%. The ex-dividend date is Wednesday, November 12th.
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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $10.45.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.