Fifth Street Finance Corp. Company Profile (NASDAQ:OCSL)

About Fifth Street Finance Corp. (NASDAQ:OCSL)

Fifth Street Finance Corp. logoOaktree 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. The Company lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. The Company seeks to invest in companies in connection with private equity sponsors. The Company invests in sectors, such as healthcare services; Internet software and services; multi-sector holdings; advertising; airlines, and construction and engineering. Fifth Street Management LLC is the Company's investment advisor.

Industry, Sector and Symbol:
  • Sector: Finance
  • Industry: Private Equity
  • Sub-Industry: Asset Management & Custody Banks
  • Symbol: NASDAQ:OCSL
  • CUSIP: 31678A10
  • Web: www.fifthstreetfinance.com
Average Prices:
  • 50 Day Moving Avg: $5.50
  • 200 Day Moving Avg: $4.88
  • 52 Week Range: $3.90 - $5.91
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 10.87
  • P/E Growth: 0.00
Profitability:
  • Net Margins: -37.21%
  • Return on Equity: 8.27%
  • Return on Assets: 4.13%
Debt:
  • Debt-to-Equity Ratio: 0.56%
  • Current Ratio: 0.44%
  • Quick Ratio: 0.44%
Misc:
  • Average Volume: 705,069 shs.
  • Beta: 0.1
 

Frequently Asked Questions for Fifth Street Finance Corp. (NASDAQ:OCSL)

What is Fifth Street Finance Corp.'s stock symbol?

Fifth Street Finance Corp. trades on the NASDAQ under the ticker symbol "OCSL."

How often does Fifth Street Finance Corp. pay dividends? What is the dividend yield for Fifth Street Finance Corp.?

Fifth Street Finance Corp. declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.125 per share on Friday, December 29th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.52%. The ex-dividend date of this dividend is Thursday, December 14th. View Fifth Street Finance Corp.'s Dividend History.

How were Fifth Street Finance Corp.'s earnings last quarter?

Fifth Street Finance Corp. (NASDAQ:OCSL) issued its earnings results on Wednesday, August, 9th. The company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.13 by $0.01. The company earned $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%. View Fifth Street Finance Corp.'s Earnings History.

When will Fifth Street Finance Corp. make its next earnings announcement?

Fifth Street Finance Corp. is scheduled to release their next quarterly earnings announcement on Tuesday, December, 5th 2017. View Earnings Estimates for Fifth Street Finance Corp..

Where is Fifth Street Finance Corp.'s stock going? Where will Fifth Street Finance Corp.'s stock price be in 2017?

8 analysts have issued twelve-month target prices for Fifth Street Finance Corp.'s shares. Their predictions range from $4.00 to $7.00. On average, they anticipate Fifth Street Finance Corp.'s share price to reach $5.75 in the next year. View Analyst Ratings for Fifth Street Finance Corp..

What are analysts saying about Fifth Street Finance Corp. stock?

Here are some recent quotes from research analysts about Fifth Street Finance Corp. stock:

  • 1. According to Zacks Investment Research, "FIFTH STREET FINANCE CORP. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with an investment by private equity sponsors. Fifth Street Finance Corp.'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. " (10/16/2017)
  • 2. National Securities analysts commented, "• For fiscal 3Q17, Fifth Street posted NII/share of $0.14/share, besting our estimate by a penny and ahead of the $0.125/share quarterly dividend payable in fiscal 4Q17. NAV/share decreased by 0.9% linked Q/Q to $7.17 which came out ahead of our estimate of $7.04 largely as a result of realized losses being less than we had forecast. While we continue to expect NAV/share to decline to $6.90 for the end of fiscal 2017, the following quarter will be the last (we hope) during which FSC will be managed by Fifth Street Asset Management (NASD: FSAM – NR - $3.70). The atrocious manner in which FSAM has run FSC has been the biggest overhang on the stock and we continue to think that when Oaktree (NYSE: OAK– NR - $46.55) takes over both the optics and operations for FSC will improve dramatically.
    • Non-accruals remained flat on the quarter at $190.5 million at amortized cost (10.1% of the portfolio) across seven different companies from $190.1 million the quarter prior. We expect non-accruals to remain stable although realized losses will likely increase as previous non-accruals are sold and/or restructured.
    • We are revising our fiscal 2017 NII/share estimate to $0.57 from $0.55 and our fiscal 2018 NII/share estimate to $0.56 from $0.54. " (8/14/2017)

Who are some of Fifth Street Finance Corp.'s key competitors?

Who are Fifth Street Finance Corp.'s key executives?

Fifth Street Finance Corp.'s management team includes the folowing people:

  • Edgar Lee, Chief Executive Officer, Chief Investment Officer
  • Mel Carlisle, Chief Financial Officer
  • Mathew M. Pendo, Chief Operating Officer
  • Kimberly Larin, Chief Compliance Officer
  • Sandeep K. Khorana, Managing Director, Director
  • John B. Frank, Director
  • Richard P. Dutkiewicz, Independent Director
  • Marc H. Gamsin, Independent Director
  • Craig Jacobson, Independent Director
  • Richard G. Ruben, Independent Director

How do I buy Fifth Street Finance Corp. stock?

Shares of Fifth Street Finance Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Fifth Street Finance Corp.'s stock price today?

One share of Fifth Street Finance Corp. stock can currently be purchased for approximately $5.87.


MarketBeat Community Rating for Fifth Street Finance Corp. (NASDAQ OCSL)
Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  207 (Vote Outperform)
Underperform Votes:  284 (Vote Underperform)
Total Votes:  491
MarketBeat's community ratings are surveys of what our community members think about Fifth Street Finance Corp. and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Fifth Street Finance Corp. (NASDAQ:OCSL) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Sell Rating, 4 Hold Ratings, 3 Buy Ratings
Consensus Rating:Hold (Score: 2.25)
Consensus Price Target: $5.75 (2.04% downside)
Consensus Price Target History for Fifth Street Finance Corp. (NASDAQ:OCSL)
Price Target History for Fifth Street Finance Corp. (NASDAQ:OCSL)
Analysts' Ratings History for Fifth Street Finance Corp. (NASDAQ:OCSL)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/16/2017Keefe, Bruyette & WoodsReiterated RatingHold$6.00N/AView Rating Details
10/6/2017BMO Capital MarketsReiterated RatingHold$4.00N/AView Rating Details
8/14/2017National SecuritiesReiterated RatingBuy$7.00MediumView Rating Details
8/10/2017Maxim GroupReiterated RatingHoldLowView Rating Details
7/18/2017Deutsche Bank AGUpgradeHold -> Buy$4.75 -> $6.00MediumView Rating Details
7/17/2017JMP SecuritiesUpgradeMarket Perform -> Outperform$6.50MediumView Rating Details
3/30/2017Raymond James Financial, Inc.Reiterated RatingMarket Perform -> UnderperformMediumView Rating Details
2/14/2017Barclays PLCSet Price TargetHold$5.00N/AView Rating Details
5/31/2016Wells Fargo & CompanyReiterated RatingHoldN/AView Rating Details
2/19/2016Cantor FitzgeraldReiterated RatingHold$6.00N/AView Rating Details
2/10/2016SunTrust Banks, Inc.Lower Price TargetBuy$9.00 -> $8.00N/AView Rating Details
2/10/2016Royal Bank Of CanadaLower Price TargetOutperform$9.00 -> $8.00N/AView Rating Details
2/10/2016J P Morgan Chase & CoDowngradeOverweight -> Neutral$7.00 -> $6.00N/AView Rating Details
11/19/2015Citigroup Inc.DowngradeBuy -> NeutralN/AView Rating Details
11/2/2015WunderlichDowngradeBuy -> HoldN/AView Rating Details
(Data available from 10/22/2015 forward)

Earnings

Earnings History for Fifth Street Finance Corp. (NASDAQ:OCSL)
Earnings by Quarter for Fifth Street Finance Corp. (NASDAQ:OCSL)
Earnings History by Quarter for Fifth Street Finance Corp. (NASDAQ OCSL)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/27/2017$0.13N/AView Earnings Details
8/9/2017Q3 2017$0.13$0.14$43.35 million$44.92 millionViewN/AView Earnings Details
5/10/2017Q2 2017$0.15$0.13$50.76 million$45.56 millionViewN/AView Earnings Details
2/9/2017Q1 2017$0.18$0.16$57.10 million$51.76 millionViewListenView Earnings Details
11/29/2016Q4 2016$0.18$0.18$59.05 million$59.16 millionViewListenView Earnings Details
8/9/2016Q3$0.18$0.20$60.41 million$64.03 millionViewListenView Earnings Details
2/9/2016Q116$0.18$0.18$66.19 million$65.12 millionViewListenView Earnings Details
12/1/2015Q415$0.20$0.18$65.70 million$63.77 millionViewListenView Earnings Details
8/10/2015Q3$0.19$0.21$68.42 million$70.20 millionViewListenView Earnings Details
5/11/2015Q115$0.21$0.19$73.38 million$68.15 millionViewListenView Earnings Details
12/1/2014Q4$0.26$0.25$78.51 million$76.22 millionViewListenView Earnings Details
8/7/2014Q3$0.27$0.25$78.87 million$74.27 millionViewListenView Earnings Details
5/8/2014Q2$0.27$0.24$72.54 million$72.13 millionViewListenView Earnings Details
2/6/2014Q1$0.25$0.26ViewListenView Earnings Details
11/26/2013Q4$0.26$0.21ViewListenView Earnings Details
5/8/2013Q2 2013$0.28$0.28$54.05 millionViewListenView Earnings Details
2/6/2013Q1 2013$0.27$0.28$47.46 millionViewListenView Earnings Details
11/28/20120.27$0.27$43.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Fifth Street Finance Corp. (NASDAQ:OCSL)
Current Year EPS Consensus Estimate: $0.57 EPS
Next Year EPS Consensus Estimate: $0.54 EPS

Dividends

Current Dividend Information for Fifth Street Finance Corp. (NASDAQ:OCSL)
Next Dividend:12/29/2017
Annual Dividend:$1.50
Dividend Yield:25.55%
Payout Ratio:-288.46% (Trailing 12 Months of Earnings)
263.16% (Based on This Year's Estimates)
277.78% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Fifth Street Finance Corp. (NASDAQ:OCSL)

Dividend History by Quarter for Fifth Street Finance Corp. (NASDAQ OCSL)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/10/2017quarterly$0.139.43%12/14/201712/15/201712/29/2017
3/15/2017quarterly$0.1311.09%9/14/20179/15/20179/29/2017
2/28/2017quarterly$0.021.8%6/13/20176/15/20176/30/2017
2/27/2017Monthly$0.021.8%3/13/20173/15/20173/31/2017
10/24/2016monthly$0.0612.79%12/13/201612/15/201612/30/2016
10/24/2016monthly$0.0612.79%1/11/20171/13/20171/31/2017
10/24/2016monthly$0.0612.79%2/13/20172/15/20172/28/2017
8/10/2016monthly$0.0612.29%9/13/20169/15/20169/30/2016
8/10/2016monthly$0.0612.29%11/10/201611/15/201611/30/2016
8/10/2016monthly$0.0612.29%10/12/201610/14/201610/31/2016
5/10/2016monthly$0.0613.79%6/13/20166/15/20166/30/2016
5/10/2016monthly$0.0613.79%8/11/20168/15/20168/31/2016
5/10/2016monthly$0.0613.79%7/13/20167/15/20167/29/2016
3/7/2016monthly$0.0613.95%4/13/20164/15/20164/29/2016
3/7/2016monthly$0.0613.95%5/11/20165/13/20165/31/2016
2/9/2016monthly$0.0613.95%3/11/20163/15/20163/31/2016
12/3/2015monthly$0.0611.36%12/11/201512/15/201512/30/2015
12/3/2015monthly$0.0611.36%2/10/20162/12/20162/26/2016
12/3/2015monthly$0.0611.36%1/13/20161/15/20161/28/2016
8/17/2015Monthly$0.0611/12/201511/16/201511/30/2015
8/4/2015$0.0610/13/201510/15/201510/30/2015
8/4/2015$0.069/11/20159/15/20159/30/2015
2/3/2015$0.067/13/20157/15/20157/30/2016
2/11/2015monthly$0.0610.5%4/13/20154/15/20154/30/2015
2/11/2015monthly$0.0610.5%5/13/20155/15/20155/29/2015
2/11/2015monthly$0.0610.5%7/13/20157/15/20157/31/2015
2/11/2015monthly$0.0610.5%8/12/20158/14/20158/31/2015
2/11/2015monthly$0.0610.5%6/11/20156/15/20156/30/2015
2/11/2015monthly$0.0610.5%3/12/20153/16/20153/31/2015
11/26/2014jan 15$0.091/13/20151/15/20151/30/2015
11/26/2014dec 14$0.0912/11/201412/15/201412/30/2014
7/8/2014monthly$0.0910.97%11/12/201411/14/201411/28/2014
7/8/2014monthly$0.0910.97%10/10/201410/15/201410/31/2014
7/8/2014monthly$0.0910.97%9/11/20149/15/20149/30/2014
2/7/2014monthly$0.0810.4%6/12/20146/16/20146/30/2014
2/7/2014monthly$0.0810.4%7/11/20147/15/20147/31/2014
2/7/2014monthly$0.0810.4%8/13/20148/15/20148/29/2014
11/26/2013monthly$0.0810.35%5/13/20145/15/20145/30/2014
11/26/2013monthly$0.0810.35%4/11/20144/15/20144/30/2014
11/26/2013monthly$0.0810.35%2/12/20142/14/20142/28/2014
11/26/2013monthly$0.0810.35%3/12/20143/14/20143/31/2014
11/26/2013monthly$0.0510.35%12/11/201312/13/201312/30/2013
11/26/2013monthly$0.0810.35%1/13/20141/15/20141/31/2014
8/8/2013monthly$0.1010.61%9/11/20139/13/20139/30/2013
8/8/2013monthly$0.1010.61%11/13/201311/15/201311/29/2013
8/8/2013monthly$0.1010.61%10/10/201310/15/201310/31/2013
5/9/2013monthly$0.1010.51%7/11/20137/15/20137/31/2013
5/9/2013monthly$0.1010.51%6/12/20136/14/20136/28/2013
5/9/2013monthly$0.1010.51%8/13/20138/15/20138/30/2013
1/16/2013monthly$0.1010.81%5/13/20135/15/20135/31/2013
1/16/2013monthly$0.1010.81%4/11/20134/15/20134/30/2013
1/16/2013monthly$0.1010.81%3/13/20133/15/20133/29/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Fifth Street Finance Corp. (NASDAQ:OCSL)
Insider Ownership Percentage: 0.14%
Institutional Ownership Percentage: 32.75%
Insider Trades by Quarter for Fifth Street Finance Corp. (NASDAQ:OCSL)
Insider Trades by Quarter for Fifth Street Finance Corp. (NASDAQ:OCSL)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/29/2017Bernard D BermanCEOSell20,000$5.43$108,600.00View SEC Filing  
3/29/2017Leonard M TannenbaumMajor ShareholderBuy368,073$4.74$1,744,666.02View SEC Filing  
3/27/2017Leonard M TannenbaumMajor ShareholderBuy655,850$4.67$3,062,819.50View SEC Filing  
3/22/2017Leonard M TannenbaumMajor ShareholderBuy477,484$4.64$2,215,525.76View SEC Filing  
3/20/2017Leonard M TannenbaumMajor ShareholderBuy345,000$4.62$1,593,900.00View SEC Filing  
3/17/2017Bernard D BermanDirectorBuy5,000$4.55$22,750.00View SEC Filing  
3/17/2017Leonard M TannenbaumMajor ShareholderBuy170,000$4.59$780,300.00View SEC Filing  
3/15/2017Leonard M TannenbaumMajor ShareholderBuy1,273,000$4.51$5,741,230.00View SEC Filing  
3/14/2017Leonard M TannenbaumMajor ShareholderBuy532,968$4.51$2,403,685.68View SEC Filing  
3/10/2017Leonard M TannenbaumMajor ShareholderBuy594,740$4.41$2,622,803.40View SEC Filing  
3/6/2017Bernard D BermanDirectorBuy15,000$4.37$65,550.00View SEC Filing  
2/17/2017James Castro-BlancoDirectorBuy20,000$4.62$92,400.00View SEC Filing  
2/16/2017Sandeep K KhoranaDirectorBuy2,200$4.65$10,230.00View SEC Filing  
2/14/2017Patrick J DaltonCEOBuy22,500$4.57$102,825.00View SEC Filing  
2/14/2017Steven M NoreikaCFOBuy1,000$4.62$4,620.00View SEC Filing  
2/13/2017Richard P DutkiewiczDirectorBuy4,000$4.57$18,280.00View SEC Filing  
2/10/2017Byron J HaneyDirectorBuy18,000$4.61$82,980.00View SEC Filing  
12/23/2016Leonard M TannenbaumMajor ShareholderSell900$5.55$4,995.00View SEC Filing  
12/21/2016Leonard M TannenbaumMajor ShareholderSell10,605$5.55$58,857.75View SEC Filing  
12/13/2016Leonard M TannenbaumMajor ShareholderSell80,784$5.58$450,774.72View SEC Filing  
12/9/2016Leonard M TannenbaumMajor ShareholderSell150,000$5.56$834,000.00View SEC Filing  
12/6/2016Richard P DutkiewiczDirectorBuy5,000$5.53$27,650.00View SEC Filing  
8/31/2016James Castro-BlancoDirectorBuy8,250$6.16$50,820.00View SEC Filing  
2/24/2016Brian S DunnDirectorBuy6,000$4.52$27,120.00View SEC Filing  
2/22/2016Brian S DunnDirectorBuy15,000$4.69$70,350.00View SEC Filing  
9/28/2015James Castro-BlancoDirectorBuy3,000$6.58$19,740.00View SEC Filing  
2/12/2015Todd OwensCEOBuy10,000$7.05$70,500.00View SEC Filing  
2/11/2015Leonard M TannenbaumDirectorBuy1,121,851$6.94$7,785,645.94View SEC Filing  
2/10/2015Bernard D BermanDirectorBuy2,000$6.99$13,980.00View SEC Filing  
12/3/2014Richard A PetrocelliCFOBuy2,000$8.52$17,040.00View SEC Filing  
8/20/2014Ivelin M DimitrovCIOBuy1,000$9.74$9,740.00View SEC Filing  
3/3/2014Ivelin DimitrovCIOBuy1,000$9.84$9,840.00View SEC Filing  
12/13/2013Leonard TannenbaumCEOBuy20,000$8.98$179,600.00View SEC Filing  
12/3/2013Bernard BermanInsiderBuy1,000$9.39$9,390.00View SEC Filing  
6/20/2013Bernard D BermanInsiderBuy1,000$9.95$9,950.00View SEC Filing  
6/20/2013Leonard M TannenbaumCEOBuy20,000$9.94$198,800.00View SEC Filing  
5/29/2013Leonard M TannenbaumCEOBuy25,000$10.37$259,250.00View SEC Filing  
5/23/2013Bernard D BermanInsiderBuy1,000$10.47$10,470.00View SEC Filing  
5/16/2013Ivelin M DimitrovCIOBuy1,000$10.71$10,710.00View SEC Filing  
5/15/2013Richard P DutkiewiczDirectorBuy4,000$10.79$43,160.00View SEC Filing  
3/1/2013Douglas F RayDirectorBuy5,700$10.69$60,933.00View SEC Filing  
2/14/2013Ivelin M DimitrovCIOBuy1,000$10.94$10,940.00View SEC Filing  
2/13/2013Leonard M TannenbaumCEOBuy15,000$10.86$162,900.00View SEC Filing  
12/28/2012Bernard D BermanInsiderBuy1,000$10.18$10,180.00View SEC Filing  
12/6/2012Ivelin M DimitrovCIOBuy1,000$10.58$10,580.00View SEC Filing  
12/4/2012Leonard M TannenbaumCEOBuy10,000$10.43$104,300.00View SEC Filing  
8/28/2012Leonard M TannenbaumCEOBuy10,000$10.48$104,800.00View SEC Filing  
8/14/2012Ivelin M DimitrovCIOBuy1,000$10.33$10,330.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Fifth Street Finance Corp. (NASDAQ:OCSL)
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Chart

Fifth Street Finance Corp. (OCSL) Chart for Sunday, October, 22, 2017

This page was last updated on 10/22/2017 by MarketBeat.com Staff

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