News coverage about Fifth Street Finance (NASDAQ:OCSL) has trended somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Fifth Street Finance earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned headlines about the credit services provider an impact score of 46.4455573216408 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
Shares of Fifth Street Finance (OCSL) traded down $0.03 during trading on Monday, reaching $4.85. The company’s stock had a trading volume of 1,477,672 shares, compared to its average volume of 1,074,684. The company has a market cap of $687.89, a P/E ratio of 9.57, a PEG ratio of 2.34 and a beta of 0.05. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.48. Fifth Street Finance has a 12 month low of $3.90 and a 12 month high of $5.91.
Fifth Street Finance (NASDAQ:OCSL) last announced its quarterly earnings data on Wednesday, November 29th. The credit services provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.05). The business had revenue of $35.73 million during the quarter. Fifth Street Finance had a negative net margin of 110.68% and a positive return on equity of 7.40%. equities analysts anticipate that Fifth Street Finance will post 0.42 EPS for the current year.
A number of research analysts have recently weighed in on the company. J P Morgan Chase & Co lifted their price objective on Fifth Street Finance from $5.50 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Fifth Street Finance from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research report on Tuesday, November 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $6.00 price objective on shares of Fifth Street Finance in a research report on Monday, October 16th. BMO Capital Markets reissued a “hold” rating and issued a $4.00 price target on shares of Fifth Street Finance in a report on Friday, October 6th. Finally, ValuEngine cut Fifth Street Finance from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.63.
In other Fifth Street Finance news, major shareholder Leonard M. Tannenbaum sold 1,409,606 shares of the stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $5.56, for a total value of $7,837,409.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Bernard D. Berman sold 20,000 shares of the firm’s stock in a transaction dated 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 in the company, valued at $195,306.24. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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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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