Fifth Street Finance Corp. (OCSL) Receives Consensus Rating of “Hold” from Brokerages
Shares of Fifth Street Finance Corp. (NASDAQ:OCSL) have received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.75.
Several equities analysts have recently commented on the company. Zacks Investment Research upgraded Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. Keefe, Bruyette & Woods restated a “hold” rating and set a $6.00 price objective on shares of Fifth Street Finance Corp. in a research note on Monday, October 16th. BMO Capital Markets restated a “hold” rating and set a $4.00 price objective on shares of Fifth Street Finance Corp. in a research note on Friday, October 6th. BidaskClub upgraded Fifth Street Finance Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut Fifth Street Finance Corp. from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd.
Shares of Fifth Street Finance Corp. (OCSL) traded down 1.53% during mid-day trading on Wednesday, hitting $5.79. 538,422 shares of the stock traded hands. Fifth Street Finance Corp. has a one year low of $3.90 and a one year high of $5.91. The stock’s market cap is $816.16 million. The stock has a 50-day moving average of $5.53 and a 200 day moving average of $4.91.
Fifth Street Finance Corp. (NASDAQ:OCSL) last released its earnings results on Wednesday, August 9th. The credit services provider reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. The company had revenue of $44.92 million during the quarter, compared to analysts’ expectations of $43.35 million. Fifth Street Finance Corp. had a positive return on equity of 8.27% and a negative net margin of 37.21%. Equities analysts predict that Fifth Street Finance Corp. will post $0.57 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 8.64%. The ex-dividend date is Thursday, December 14th. Fifth Street Finance Corp.’s dividend payout ratio (DPR) is presently -288.46%.
In other Fifth Street Finance Corp. news, CEO Bernard D. Berman sold 20,000 shares of the stock in a transaction on Friday, September 29th. The stock was sold at an average price of $5.43, for a total value of $108,600.00. Following the sale, the chief executive officer now directly owns 35,968 shares of the company’s stock, valued at $195,306.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction on Thursday, October 19th. The stock was sold at an average price of $5.56, for a total value of $7,837,409.36. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
About Fifth Street Finance Corp.
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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