Fifth Street Finance (OCSL) Issues Quarterly Earnings Results
Fifth Street Finance (NASDAQ:OCSL) posted its quarterly earnings data on Wednesday. The credit services provider reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.05), Bloomberg Earnings reports. The company had revenue of $35.73 million during the quarter. Fifth Street Finance had a negative net margin of 37.21% and a positive return on equity of 8.27%.
Shares of Fifth Street Finance (OCSL) traded up $0.05 during trading on Friday, reaching $4.87. 882,927 shares of the company were exchanged, compared to its average volume of 1,071,192. The company has a market capitalization of $733.00, a P/E ratio of 8.52, a price-to-earnings-growth ratio of 1.95 and a beta of 0.12. Fifth Street Finance has a 12 month low of $3.90 and a 12 month high of $5.91. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.56.
A number of analysts have weighed in on the company. Zacks Investment Research upgraded Fifth Street Finance from a “hold” rating to a “buy” rating and set a $6.50 price target for the company in a report on Tuesday, November 7th. National Securities reissued a “buy” rating and set a $7.00 price objective on shares of Fifth Street Finance in a research report on Monday, August 14th. BidaskClub raised shares of Fifth Street Finance from a “hold” rating to a “buy” rating in a research report on Wednesday, October 4th. ValuEngine cut shares of Fifth Street Finance from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, TheStreet raised shares of Fifth Street Finance from a “d+” rating to a “c” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. Fifth Street Finance 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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