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.

In other news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of Fifth Street Finance stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $5.56, for a total value of $7,837,409.36. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Bernard D. Berman sold 20,000 shares of Fifth Street Finance stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $5.43, for a total transaction of $108,600.00. Following the sale, the chief executive officer now owns 35,968 shares of the company’s stock, valued at $195,306.24. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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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.

Earnings History for Fifth Street Finance (NASDAQ:OCSL)

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