About Fifth Street Finance Corp. (NASDAQ:OCSL)
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. 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
- 50 Day Moving Avg: $5.50
- 200 Day Moving Avg: $4.88
- 52 Week Range: $3.90 - $5.91
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.87
- P/E Growth: 0.00
- Net Margins: -37.21%
- Return on Equity: 8.27%
- Return on Assets: 4.13%
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 0.44%
- Quick Ratio: 0.44%
- 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. announced a quarterly dividend on Thursday, August 10th. Investors of record on Friday, December 15th will be given a dividend of $0.125 per share on Friday, December 29th. This represents a $0.50 annualized dividend and a yield of 8.52%. The ex-dividend date 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) announced 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 business earned $44.92 million during the quarter, compared to the consensus estimate 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?
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 1-year price targets for Fifth Street Finance Corp.'s shares. Their predictions range from $4.00 to $7.00. On average, they expect Fifth Street Finance Corp.'s stock 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?
Some companies that are related to Fifth Street Finance Corp. include Berkshire Hathaway (BRK.B), Berkshire Hathaway (BRK-A), Berkshire Hathaway (BRK.A), J P Morgan Chase & Co (JPM), Bank of America Corporation (BAC), Wells Fargo & Company (WFC), HSBC Holdings PLC (HSBC), Citigroup (C), Royal Bank Of Canada (RY), Toronto Dominion Bank (The) (TD), Allianz SE (AZSEY), BNP Paribas SA (BNPQY), Banco Santander, S.A. (SAN), Goldman Sachs Group, Inc. (The) (GS), Morgan Stanley (MS), U.S. Bancorp (USB), Itau Unibanco Banco Holding SA (ITUB) and Westpac Banking Corporation (WBK).
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?
MarketBeat Community Rating for Fifth Street Finance Corp. (NASDAQ OCSL)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.
One share of Fifth Street Finance Corp. stock can currently be purchased for approximately $5.87.
Consensus Ratings for Fifth Street Finance Corp. (NASDAQ:OCSL) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|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)
Analysts' Ratings History for Fifth Street Finance Corp. (NASDAQ:OCSL)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/16/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$6.00||N/A|
|10/6/2017||BMO Capital Markets||Reiterated Rating||Hold||$4.00||N/A|
|8/14/2017||National Securities||Reiterated Rating||Buy||$7.00||Medium|
|8/10/2017||Maxim Group||Reiterated Rating||Hold||Low|
|7/18/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||$4.75 -> $6.00||Medium|
|7/17/2017||JMP Securities||Upgrade||Market Perform -> Outperform||$6.50||Medium|
|3/30/2017||Raymond James Financial, Inc.||Reiterated Rating||Market Perform -> Underperform||Medium|
|2/14/2017||Barclays PLC||Set Price Target||Hold||$5.00||N/A|
|5/31/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|2/19/2016||Cantor Fitzgerald||Reiterated Rating||Hold||$6.00||N/A|
|2/10/2016||SunTrust Banks, Inc.||Lower Price Target||Buy||$9.00 -> $8.00||N/A|
|2/10/2016||Royal Bank Of Canada||Lower Price Target||Outperform||$9.00 -> $8.00||N/A|
|2/10/2016||J P Morgan Chase & Co||Downgrade||Overweight -> Neutral||$7.00 -> $6.00||N/A|
|11/19/2015||Citigroup Inc.||Downgrade||Buy -> Neutral||N/A|
|11/2/2015||Wunderlich||Downgrade||Buy -> Hold||N/A|
Earnings History for Fifth Street Finance Corp. (NASDAQ:OCSL)Earnings History by Quarter for Fifth Street Finance Corp. (NASDAQ OCSL)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/9/2017||Q3 2017||$0.13||$0.14||$43.35 million||$44.92 million||View||N/A|
|5/10/2017||Q2 2017||$0.15||$0.13||$50.76 million||$45.56 million||View||N/A|
|2/9/2017||Q1 2017||$0.18||$0.16||$57.10 million||$51.76 million||View||Listen|
|11/29/2016||Q4 2016||$0.18||$0.18||$59.05 million||$59.16 million||View||Listen|
|8/9/2016||Q3||$0.18||$0.20||$60.41 million||$64.03 million||View||Listen|
|2/9/2016||Q116||$0.18||$0.18||$66.19 million||$65.12 million||View||Listen|
|12/1/2015||Q415||$0.20||$0.18||$65.70 million||$63.77 million||View||Listen|
|8/10/2015||Q3||$0.19||$0.21||$68.42 million||$70.20 million||View||Listen|
|5/11/2015||Q115||$0.21||$0.19||$73.38 million||$68.15 million||View||Listen|
|12/1/2014||Q4||$0.26||$0.25||$78.51 million||$76.22 million||View||Listen|
|8/7/2014||Q3||$0.27||$0.25||$78.87 million||$74.27 million||View||Listen|
|5/8/2014||Q2||$0.27||$0.24||$72.54 million||$72.13 million||View||Listen|
|5/8/2013||Q2 2013||$0.28||$0.28||$54.05 million||View||Listen|
|2/6/2013||Q1 2013||$0.27||$0.28||$47.46 million||View||Listen|
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
Current Dividend Information for Fifth Street Finance Corp. (NASDAQ:OCSL)
|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 History by Quarter for Fifth Street Finance Corp. (NASDAQ OCSL)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Fifth Street Finance Corp. (NASDAQ:OCSL)
Insider Ownership Percentage: 0.14%Insider Trades by Quarter for Fifth Street Finance Corp. (NASDAQ:OCSL)
Institutional Ownership Percentage: 32.75%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/29/2017||Bernard D Berman||CEO||Sell||20,000||$5.43||$108,600.00|| |
|3/29/2017||Leonard M Tannenbaum||Major Shareholder||Buy||368,073||$4.74||$1,744,666.02|| |
|3/27/2017||Leonard M Tannenbaum||Major Shareholder||Buy||655,850||$4.67||$3,062,819.50|| |
|3/22/2017||Leonard M Tannenbaum||Major Shareholder||Buy||477,484||$4.64||$2,215,525.76|| |
|3/20/2017||Leonard M Tannenbaum||Major Shareholder||Buy||345,000||$4.62||$1,593,900.00|| |
|3/17/2017||Bernard D Berman||Director||Buy||5,000||$4.55||$22,750.00|| |
|3/17/2017||Leonard M Tannenbaum||Major Shareholder||Buy||170,000||$4.59||$780,300.00|| |
|3/15/2017||Leonard M Tannenbaum||Major Shareholder||Buy||1,273,000||$4.51||$5,741,230.00|| |
|3/14/2017||Leonard M Tannenbaum||Major Shareholder||Buy||532,968||$4.51||$2,403,685.68|| |
|3/10/2017||Leonard M Tannenbaum||Major Shareholder||Buy||594,740||$4.41||$2,622,803.40|| |
|3/6/2017||Bernard D Berman||Director||Buy||15,000||$4.37||$65,550.00|| |
|2/17/2017||James Castro-Blanco||Director||Buy||20,000||$4.62||$92,400.00|| |
|2/16/2017||Sandeep K Khorana||Director||Buy||2,200||$4.65||$10,230.00|| |
|2/14/2017||Patrick J Dalton||CEO||Buy||22,500||$4.57||$102,825.00|| |
|2/14/2017||Steven M Noreika||CFO||Buy||1,000||$4.62||$4,620.00|| |
|2/13/2017||Richard P Dutkiewicz||Director||Buy||4,000||$4.57||$18,280.00|| |
|2/10/2017||Byron J Haney||Director||Buy||18,000||$4.61||$82,980.00|| |
|12/23/2016||Leonard M Tannenbaum||Major Shareholder||Sell||900||$5.55||$4,995.00|| |
|12/21/2016||Leonard M Tannenbaum||Major Shareholder||Sell||10,605||$5.55||$58,857.75|| |
|12/13/2016||Leonard M Tannenbaum||Major Shareholder||Sell||80,784||$5.58||$450,774.72|| |
|12/9/2016||Leonard M Tannenbaum||Major Shareholder||Sell||150,000||$5.56||$834,000.00|| |
|12/6/2016||Richard P Dutkiewicz||Director||Buy||5,000||$5.53||$27,650.00|| |
|8/31/2016||James Castro-Blanco||Director||Buy||8,250||$6.16||$50,820.00|| |
|2/24/2016||Brian S Dunn||Director||Buy||6,000||$4.52||$27,120.00|| |
|2/22/2016||Brian S Dunn||Director||Buy||15,000||$4.69||$70,350.00|| |
|9/28/2015||James Castro-Blanco||Director||Buy||3,000||$6.58||$19,740.00|| |
|2/12/2015||Todd Owens||CEO||Buy||10,000||$7.05||$70,500.00|| |
|2/11/2015||Leonard M Tannenbaum||Director||Buy||1,121,851||$6.94||$7,785,645.94|| |
|2/10/2015||Bernard D Berman||Director||Buy||2,000||$6.99||$13,980.00|| |
|12/3/2014||Richard A Petrocelli||CFO||Buy||2,000||$8.52||$17,040.00|| |
|8/20/2014||Ivelin M Dimitrov||CIO||Buy||1,000||$9.74||$9,740.00|| |
|3/3/2014||Ivelin Dimitrov||CIO||Buy||1,000||$9.84||$9,840.00|| |
|12/13/2013||Leonard Tannenbaum||CEO||Buy||20,000||$8.98||$179,600.00|| |
|12/3/2013||Bernard Berman||Insider||Buy||1,000||$9.39||$9,390.00|| |
|6/20/2013||Bernard D Berman||Insider||Buy||1,000||$9.95||$9,950.00|| |
|6/20/2013||Leonard M Tannenbaum||CEO||Buy||20,000||$9.94||$198,800.00|| |
|5/29/2013||Leonard M Tannenbaum||CEO||Buy||25,000||$10.37||$259,250.00|| |
|5/23/2013||Bernard D Berman||Insider||Buy||1,000||$10.47||$10,470.00|| |
|5/16/2013||Ivelin M Dimitrov||CIO||Buy||1,000||$10.71||$10,710.00|| |
|5/15/2013||Richard P Dutkiewicz||Director||Buy||4,000||$10.79||$43,160.00|| |
|3/1/2013||Douglas F Ray||Director||Buy||5,700||$10.69||$60,933.00|| |
|2/14/2013||Ivelin M Dimitrov||CIO||Buy||1,000||$10.94||$10,940.00|| |
|2/13/2013||Leonard M Tannenbaum||CEO||Buy||15,000||$10.86||$162,900.00|| |
|12/28/2012||Bernard D Berman||Insider||Buy||1,000||$10.18||$10,180.00|| |
|12/6/2012||Ivelin M Dimitrov||CIO||Buy||1,000||$10.58||$10,580.00|| |
|12/4/2012||Leonard M Tannenbaum||CEO||Buy||10,000||$10.43||$104,300.00|| |
|8/28/2012||Leonard M Tannenbaum||CEO||Buy||10,000||$10.48||$104,800.00|| |
|8/14/2012||Ivelin M Dimitrov||CIO||Buy||1,000||$10.33||$10,330.00|| |
Headline Trends for Fifth Street Finance Corp. (NASDAQ:OCSL)
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Fifth Street Finance Corp. (OCSL) Chart for Monday, October, 23, 2017