Fifth Street Finance Corp. (OCSL) Major Shareholder Sells $7,837,409.36 in Stock

Fifth Street Finance Corp. (NASDAQ:OCSL) major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction that occurred on Thursday, October 19th. The shares were sold at an average price of $5.56, for a total transaction of $7,837,409.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Fifth Street Finance Corp. (NASDAQ OCSL) opened at 5.84 on Friday. The firm’s market capitalization is $823.21 million. The firm has a 50-day moving average of $5.53 and a 200 day moving average of $4.91. Fifth Street Finance Corp. has a 12 month low of $3.90 and a 12 month high of $5.91.

Fifth Street Finance Corp. (NASDAQ:OCSL) last announced its quarterly earnings data on Wednesday, August 9th. The credit services provider reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.01. The firm had revenue of $44.92 million during the quarter, compared to analyst estimates of $43.35 million. Fifth Street Finance Corp. had a negative net margin of 37.21% and a positive return on equity of 8.27%. Equities research analysts forecast that Fifth Street Finance Corp. will post $0.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.56%. Fifth Street Finance Corp.’s payout ratio is -288.46%.

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Several equities analysts recently commented on the stock. TheStreet raised shares of Fifth Street Finance Corp. from a “d+” rating to a “c” rating in a research note on Wednesday, September 6th. Maxim Group reissued a “hold” rating on shares of Fifth Street Finance Corp. in a research note on Thursday, August 10th. BidaskClub raised shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, July 20th. Zacks Investment Research raised shares of Fifth Street Finance Corp. from a “sell” rating to a “hold” rating in a research note on Monday, July 17th. Finally, JMP Securities raised shares of Fifth Street Finance Corp. from a “market perform” rating to an “outperform” rating and set a $6.50 price objective for the company in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Fifth Street Finance Corp. currently has a consensus rating of “Hold” and an average price target of $5.75.

Fifth Street Finance Corp. 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.

Insider Buying and Selling by Quarter for Fifth Street Finance Corp. (NASDAQ:OCSL)

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